Morgan Stanley Cuts SCHW Price Target to $132
Key Points
- Morgan Stanley reiterated its Overweight rating on The Charles Schwab Corporation on October 21, 2026, while trimming its price target from $141.00 to $132.00.
- Morgan Stanley's $132 price target implies 44.03% upside from The Charles Schwab Corporation's ($SCHW) current $91.65 share price.
- The stock recently traded around $91.80 on October 21, 2026, with shares closing that day at $92.03.
- The broader analyst community tracks the financial services firm with a consensus buy recommendation across 22 analyst opinions.
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Morgan Stanley reiterated its Overweight rating on The Charles Schwab Corporation (NYSE: SCHW) on October 21, 2026, while lowering its price target from $141.00 to $132.00. The research note provides a forward-looking perspective on the financial services firm, capturing the firm's ongoing stance on the stock. Schwab shares closed at $92.03 on October 21, 2026.
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The Charles Schwab Corporation
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Morgan Stanley's Call on The Charles Schwab Corporation
In its research note issued on October 21, 2026, Morgan Stanley maintained its Overweight rating on Schwab while adjusting its target downward. This update follows a series of adjustments from other major financial institutions covering the capital markets firm.
Other Institutional Activity in The Charles Schwab Corporation
Large asset managers continue to adjust their positions in the firm. Dodge & Cox Inc. grew its holdings by 1,965,085 shares, ending with 76,968,323 shares worth about $7,055,686,028. Franklin Resources, Inc. added 4,649,901 shares, bringing its total stake to 36,476,735 shares valued at approximately $3,343,822,230.
The Charles Schwab Corporation Stock Down 0.3%
The stock recently traded around $91.80 as of October 21, 2026, sitting below its event-day close of $92.03. Shares trade under the 50-day moving average of $104.08 and trail the 52-week high of $114.53.
$SCHW price target
The Charles Schwab Corporation daily closes and this analyst's $132 target. Not advice.
Recent Earnings
The company generated trailing-twelve-month revenue of $27.06 billion with basic earnings per share at $5.85. The firm's next earnings report is scheduled for January 21, 2027.
Dividend
The company pays an annual dividend rate of $1.28 per share, which translates to a dividend yield of 1.43% based on recent trading levels.
Insider Buying and Selling at The Charles Schwab Corporation
Company insiders have recently transacted shares. Chairman of the Board Walter W. Bettinger II sold 74,388 shares on August 28, 2026, at an average price of $110.91 for a total value of $8,250,648. Officer Neesha Hathi executed multiple sales, including 3,177 shares on August 28, 2026, at $108.12, another 3,177 shares on September 1, 2026, at $109.04, and 5,000 shares on October 1, 2026, at $97.80.
Analysts Set New Price Targets
Wall Street firms have updated their outlooks ahead of the latest reports. Barclays maintained an Overweight rating with a target of $115.00 on October 16, 2026. UBS maintained a Buy rating with a target of $109.00 on the same day. Wells Fargo kept an Equal-Weight rating with a $103.00 target, and BMO Capital maintained a Market Perform rating with a target of $97.00. Consensus analyst figures place the mean price target at $118.36 across 22 opinions.
About The Charles Schwab Corporation
Headquartered in Westlake, Texas, The Charles Schwab Corporation operates as a savings and loan holding company. Through its subsidiaries, it delivers wealth management, securities brokerage, banking, asset management, custody, and financial advisory services.
Bottom Line
Investors will watch for the company's next earnings report on January 21, 2027, for further insight into profitability and growth. Market participants continue to track analyst revisions and institutional filing updates as the stock moves through the final quarter of the year.
Related Filing Alerts
Source: Morgan Stanley's rating change on $SCHW (Oct 21, 2026). Written by software, not financial advice. How we make alerts