SCHW

As the Q2 earnings season wraps, let’s dig into this quarter’s best and worst performers in the investment banking & brokerage industry, including Charles Schwab (NYSE:SCHW) and its peers. Investment banks and brokerages facilitate capital raises, mergers and acquisitions, and securities trading. The sector benefits from corporate activity during economic expansion, increased retail trading participation, and advisory opportunities in emerging sectors. Headwinds include economic cycle vulnerability affecting deal flow, compressed trading commissions due to electronic platforms, and regulatory capital requirements constraining certain higher-risk activities. The 15 investment banking & brokerage stocks we track reported a strong Q2. As a group, revenues beat analysts’ consensus estimates by 4.5% while next quarter’s revenue guidance was 1.1% below. In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results. Founded in 1971 as a disruptive force challenging Wall Street's high fees and limited access, Charles Schwab (NYSE:SCHW) is a wealth management and brokerage firm that provides investment services, banking, and financial advice to individual investors and independent advisors. Charles Schwab reported revenues of $7.07 billion, up 20.9% year on year. This print exceeded analysts’ expectations by 2.4%. Overall, it was a strong quarter for the company with a solid beat of analysts’ EBITDA and EPS estimates. “Investors continued to engage with Schwab’s expanding set of solutions during 2Q as daily average trades reached a record 11.9 million, net flows into Schwab Wealth Advisory™ increased 80% year-over-year, and Pledged Asset Line™ balances equaled $33.4 billion – up 59% from 2Q25.” Interestingly, the stock is up 7.3% since reporting and currently trades at $110.00. Read why we think that Charles Schwab is one of the best investment banking & brokerage stocks, our full report is free. Founded in 2006 by veteran investment bankers Joseph Perella and Peter Weinberg during a wave of boutique advisory firm launches, Perella Weinberg Partners (NASDAQ:PWP) is a global independent advisory firm that provides strategic and financial advice to corporations, financial sponsors, and government institutions. Perella Weinberg reported revenues of $156.5 million, flat year on year, outperforming analysts’ expectations by 8.1%. The business had an incredible quarter with a beat of analysts’ EPS estimates. The market seems happy with the results as the stock is up 11.6% since reporting. It currently trades at $16.64. Is now the time to buy Perella Weinberg? Access our full analysis of the earnings results here, it’s free. Founded in 1972 and known for its expertise in complex financial situations, Houlihan Lokey (NYSE:HLI) is a global investment bank specializing in mergers and acquisitions, capital markets, financial restructurings, and valuation advisory services. Houlihan Lokey reported revenues of $511 million, down 15.6% year on year, falling short of analysts’ expectations by 16.3%. It was a disappointing quarter as it posted a significant miss of analysts’ EBITDA and EPS estimates. Houlihan Lokey delivered the weakest performance against analyst estimates and slowest revenue growth in the group. As expected, the stock is down 4.1% since the results and currently trades at $133.33. Read our full analysis of Houlihan Lokey’s results here. Founded in 1962 and headquartered in St. Petersburg, Florida, Raymond James Financial (NYSE:RJF) is a diversified financial services company that provides wealth management, investment banking, asset management, and banking services to individuals and institutions. Raymond James reported revenues of $3.93 billion, up 15.6% year on year. This number surpassed analysts’ expectations by 1.4%. Overall, it was a strong quarter as it also put up a beat of analysts’ EPS estimates. The stock is up 6.1% since reporting and currently trades at $178.18. Read our full, actionable report on Raymond James here, it’s free. Spun off from Blackstone in 2015 and founded by former Morgan Stanley executive Paul J. Taubman, PJT Partners (NYSE:PJT) is an advisory-focused investment bank that provides strategic advice, restructuring services, and fundraising solutions to corporations, boards, and investment firms. PJT reported revenues of $486.3 million, up 19.5% year on year. This result beat analysts’ expectations by 14.3%. It was an incredible quarter as it also logged a beat of analysts’ EPS and EBITDA estimates. The stock is up 6.8% since reporting and currently trades at $180.37. Read our full, actionable report on PJT here, it’s free. Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership. Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products. By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

It has been about a month since the last earnings report for The Charles Schwab Corporation (SCHW). Shares have added about 10% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Charles Schwab due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Schwab’s second-quarter 2026 adjusted earnings of $1.62 per share outpaced the Zacks Consensus Estimate of $1.53. The bottom line soared 42% year over year.Quarterly results benefited from robust performance of the asset management business and record trading revenues. Higher net interest revenues and solid brokerage account numbers were other positives. However, an increase in expenses was the undermining factor.Results excluded transaction-related costs. After considering these, net income (GAAP basis) was $2.8 billion or $1.54 per share, up from $2.13 billion or $1.08 per share in the year-ago quarter. Quarterly net revenues were a record $7.07 billion, jumping 21% year over year. The increase was driven by higher NIR (up 19%), trading revenue (28%), bank deposit account fees (35%) and asset management and administration fees (16%). The top line easily surpassed the Zacks Consensus Estimate of $6.89 billion.Total non-interest expenses (GAAP basis) increased 12% to $3.4 billion. Excluding non-recurring items, adjusted total expenses were $3.23 billion, up 11% year over year.The pre-tax profit margin (adjusted) increased to 54.3% from 50.1% in the prior-year quarter.At the end of the second quarter, Schwab’s average interest-earning assets rose 5% to $445 billion. As of June 30, 2026, the annualized return on equity was 25%, up from 19% in the prior-year quarter. As of June 30, 2026, Schwab’s total client assets reached a record $13.08 trillion (up 22% year over year). During the reported quarter, net new assets brought by new and existing clients were $118.7 billion.Schwab added 1.4 million new brokerage accounts during the quarter. As of June 30, 2026, the company had 39.8 million active brokerage accounts, 2.4 million banking accounts and 5.9 million corporate retirement plan participants. During the reported quarter, Schwab repurchased 11.2 million shares for $1 billion. Management’s updated 2026 scenario assumes the Fed funds upper bound to end the year at 4%, changed from the previously mentioned 3.75%. Likewise, equity markets are expected to rise 13% from the 2025-end levels, changed from the previously mentioned 10% increase. The updated scenario also includes full-year daily average trades reaching 10.6 million, with organic net asset growth of 5%.Based on these assumptions, Schwab expects 2026 revenue growth of 17.5-18.5%.Average interest-earning assets are expected to expand modestly in the year on a year-over-year basis. NIM is expected to expand to 3-3.10% in 2026, with fourth-quarter NIM reaching 3.25-3.30%.In terms of expenses, Schwab expects adjusted expenses to rise 9.5-10.5% in 2026. Management attributed this to higher volume-related costs tied to strong business performance and trading activity, as well as the inclusion of Forge Global Holdings (acquired in March 2026).The 2026 adjusted pre-tax margin is expected in the low 50% range.The company expects high-single-digit to low-double digit revenue growth coupled with positive operating leverage and balance sheet management to result in mid-teens EPS growth through the cycle. In the past month, investors have witnessed a upward trend in estimates review. Currently, Charles Schwab has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. However, the stock has a grade of C on the value side, putting it in the middle 20% for value investors. Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Charles Schwab has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months. Charles Schwab belongs to the Zacks Financial - Investment Bank industry. Another stock from the same industry, Citigroup (C), has gained 0.5% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026. Citigroup reported revenues of $24.77 billion in the last reported quarter, representing a year-over-year change of +14.3%. EPS of $3.15 for the same period compares with $1.96 a year ago. For the current quarter, Citigroup is expected to post earnings of $2.68 per share, indicating a change of +19.6% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.6% over the last 30 days. Citigroup has a Zacks Rank #2 (Buy) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of F. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report Citigroup Inc. (C) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Charles Schwab stock has delivered a 69.3% return over the past three years, yet its current checks still suggest the shares may be trading below an intrinsic value estimate based on the Excess Returns model. After that kind of run, the key issue for investors is whether the current price already reflects the recent strength in the business or whether there is still a margin between market price and intrinsic value. A 69.3% return over three years indicates Charles Schwab has already rewarded patient shareholders, which raises the bar for any new valuation upside to be justified. Record revenue and expanding product offerings, including new access to crypto trading, can support long term earnings expectations, while reputational and regulatory risks linked to high profile client relationships may weigh on how much of that is priced in. A high value score of 5 out of 6 suggests the broader set of valuation checks still leans cheap rather than expensive at current levels. The issue now is whether Charles Schwab's recent share price leaves enough of a gap between market value and intrinsic value to appeal to investors starting a position today. Charles Schwab delivered 11.7% returns over the last year. See how this stacks up to the rest of the Capital Markets industry. The Excess Returns model for Charles Schwab looks at how much profit the company is expected to generate above its cost of equity on each dollar of shareholder capital. Schwab’s average return on equity is estimated at 23.32%, with a stable earnings figure of $7.45 per share built from future ROE estimates by five analysts. Against a cost of equity of $2.59 per share, this implies excess return of $4.86 per share on a stable book value base of $31.96 per share, slightly higher than the current book value of $28.88 per share. Those inputs translate into an estimated intrinsic value of $138.10 per share, which is about 23.0% above the current share price. Under this framework, the stock screens as undervalued. The record $7.1b revenue reported in the latest quarter and the launch of direct Bitcoin and Ethereum trading help explain why the model assumes Schwab can keep earning more than its equity cost, even though the stock dipped after the results. On these Excess Returns assumptions, Charles Schwab stock appears undervalued relative to its estimated intrinsic value. Our Excess Returns analysis suggests Charles Schwab is undervalued by 23.0%. Track this in your watchlist or portfolio, or discover 52 more high quality undervalued stocks. Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Charles Schwab. P/E is a useful lens for Charles Schwab because earnings remain a core yardstick for how the market values large capital markets platforms. Schwab currently trades on a P/E of 19.0x, which sits well below the Capital Markets industry average of 38.3x and also below the 27.4x peer average. That tells you investors are paying less per dollar of Schwab earnings than for many comparable stocks in the sector. The fair P/E ratio for Charles Schwab is estimated at 19.9x, based on its specific mix of growth, profitability, size and risk. The current 19.0x level is only slightly below that fair mark, so the gap does not point to a clear bargain or a stretched valuation on this metric. It instead suggests the stock is priced in line with what the company’s profile would normally support, even with its P/E screening lower than broader industry levels. On the P/E multiple, Charles Schwab stock looks roughly fairly valued relative to what its fundamentals would typically justify. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives for Charles Schwab pick up where the valuation checks leave off and explain which paths for Charles Schwab's growth, margins and earnings would need to occur for the stock to be worth materially more or less than today's price. Each Narrative links a fair value estimate to a clear storyline about potential catalysts and risks, so you can track over time which version of Charles Schwab's future is unfolding on the Community page. Community views on Charles Schwab sit quite far apart, with one camp focused on its long term platform strength and another worried about what current spending and client mix could mean for future returns. Bull case: 13% undervalued Read the full Bull Case to see why Charles Schwab could be undervalued Bear case: 14% overvalued Read the full Bear Case to see why Charles Schwab could be overvalued Do you think there's more to the story for Charles Schwab? Head over to our Community to see what others are saying! The Excess Returns intrinsic value estimate suggests Charles Schwab stock screens undervalued, while the P/E view points to a price that already looks broadly in line with its fundamentals. That gap comes from the intrinsic model putting more weight on Schwab’s ability to keep earning above its equity cost, while the market multiple reflects current sentiment and growth expectations for capital markets peers. With the broader valuation checks still scoring well, the key question is whether Schwab’s earnings power and risk profile, including regulatory and reputational factors, justify the implied excess returns or whether the current discount reflects the market pricing those risks correctly. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SCHW. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

LPL Financial Holdings Inc.’s LPLA second-quarter 2026 adjusted earnings of $5.84 per share surpassed the Zacks Consensus Estimate of $5.39. The bottom line grew 29% year over year. Results reflected continued scale benefits, highlighted by strong revenue growth and an increase in total client assets. Growth in gross profit also supported the quarterly performance. However, rising expenses partly offset these positives. After considering non-recurring items, net income was $379.3 million or $4.74 per share, up from $273.2 million or $3.40 per share in the prior-year quarter. Quarterly revenues came in at $5.05 billion, up from $3.75 billion in the year-ago quarter. The top line marginally surpassed the consensus estimate of $5.03 billion. Advisory revenues soared 53% year over year to $2.63 billion, remaining the largest contributor to the top line. Total commissions increased 19% to $1.23 billion, supported by a 17% increase in sales-based commissions and a 20% gain in trailing commissions compared with the prior-year period. Asset-based revenues totaled $835.1 million, up 19% year over year, as client cash revenues climbed 12% year over year to $443.5 million and other asset-based revenues advanced 28% year over year to $391.6 million. Service and fee revenues surged 38% year over year to $208.9 million, while transaction revenues improved 37% to $83.2 million. LPL Financial’s gross profit rose 24% from a year ago to $1.62 billion, benefiting from higher advisory revenues and growth across attachment revenue streams. LPLA’s production-based payout totaled $3.38 billion, reflecting growth in advisor activity and the economics tied to advisory and commission revenues. The payout rate was 87.44%, up slightly from 87.33% in the year-ago quarter. Total expenses increased 35% year over year to $4.67 billion, illustrating the cost of supporting the company’s expanded revenue and asset base. Advisory and commission expenses climbed 41% year over year to $3.51 billion. Beyond production-related costs, several corporate expense categories moved higher. Additionally, G&A increased 22% year over year to $519.3 million, highlighting continued investment in capabilities and scale initiatives. LPL Financial ended the quarter with $2.56 trillion of total client assets, up 34% from the prior-year period. Advisory assets rose 46% to $1.55 trillion and represented 60.4% of total client assets. Brokerage assets grew 18% from the prior-year quarter to $1.01 trillion. Asset flows remained positive. Total organic net new assets were $23.1 billion, representing a 4% annualized growth rate. Within that, advisory organic net new assets totaled $30.2 billion, while brokerage organic net new assets were negative $7.1 billion. Recruited assets were $24.9 billion, up 35% from the year-ago quarter. Recruited assets over the trailing 12 months totaled approximately $89 billion, indicating a larger pipeline over a longer horizon. On the outlook front, LPLA lowered its 2026 Core G&A guidance to the range of $2.140-$2.165 billion, including expenses related to the Commonwealth Financial Network acquisition. Capital actions also remained in focus. The company repurchased $309 million worth of shares during the second quarter and plans approximately $300 million of repurchases during the third quarter. On July 23, 2026, the board approved a $2.5-billion increase in the company’s share-repurchase authorization. LPLA declared a quarterly dividend of 30 cents per share, which will be paid on Aug. 28, 2026, to shareholders of record as of Aug. 14. On M&A execution, LPLA’s Commonwealth conversion remains on track for the fourth quarter of 2026, with expected asset retention of approximately 90%. The estimated run-rate EBITDA contribution increased to $435 million from $410 million. The company also completed its acquisition of Mariner Advisor Network, adding 367 advisors managing approximately $31 billion in client assets. In addition, LPLA continued to deploy capital through its Liquidity & Succession program, investing roughly $21 million across four transactions during the quarter. LPL Financial’s expanding advisory asset base, solid recruiting activity and positive organic asset flows supported strong revenue and earnings growth in the quarter. Continued progress on the Commonwealth conversion, the Mariner Advisor Network acquisition and capital deployment initiatives may further strengthen the company’s scale and growth prospects. However, rising expenses, including higher advisory and commission costs, partly offset the benefits of revenue growth. LPL Financial Holdings Inc. price-consensus-eps-surprise-chart | LPL Financial Holdings Inc. Quote Currently, LPL Financial carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Interactive Brokers Group’s IBKR second-quarter 2026 adjusted earnings per share of 69 cents surpassed the Zacks Consensus Estimate of 64 cents. The bottom line reflected a rise of 35.3% from the prior-year quarter. IBKR’s results were primarily aided by an increase in revenues, growth in customer accounts and a rise in daily average revenue trades. However, higher expenses were the undermining factor. Charles Schwab’s SCHW second-quarter 2026 adjusted earnings of $1.62 per share outpaced the Zacks Consensus Estimate of $1.53. The bottom line soared 42% year over year. SCHW’s results benefited from the robust performance of the asset management business and record trading revenues. Higher net interest revenues and solid brokerage account numbers were other positives. However, an increase in expenses was the undermining factor. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report LPL Financial Holdings Inc. (LPLA) : Free Stock Analysis Report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Robinhood Markets, Inc. HOOD reported second-quarter 2026 earnings of 62 cents per share, beating the Zacks Consensus Estimate of 44 cents by 40.9%. The bottom line increased 48% year over year. The reported quarter included $129 million, or 14 cents per share, of gains primarily related to the deconsolidation of Robinhood Ventures Fund I. Excluding this, underlying earnings were 48 cents per share.HOOD shares fell 1.6% in after-hours trading on continued crypto weakness.Strong options, equities and event-contract activity amid heightened volatility led to an increase in transaction-based revenues. Further, higher net interest revenues (NIR), rising platform assets and a surge in Gold subscribers were tailwinds. However, continued weakness in crypto trading volume and higher operating expenses were the headwinds.Net income climbed 48% to $573 million. Total net revenues climbed 32% from a year ago to $1.31 billion. The top line surpassed the consensus mark of $1.26 billion.  NIR increased 9% year over year to $389 million. Growth in interest-earning assets helped offset the impact of lower short-term interest rates and weaker securities-lending activity.Other revenues climbed 54% to $143 million. The increase reflected Trump Account service revenues and higher Robinhood Gold subscription revenues. The quarter included $25 million of service revenues related to Trump Accounts.Average revenue per user rose 24% year over year to $187. Robinhood also expanded the number of business lines generating at least $100 million in annualized revenues to 13, with Robinhood Legend and the Credit Card business joining the group. Transaction-based revenues increased 44% year over year to $776 million. Options revenues rose 29% to $342 million, while equities revenues surged 95% to $129 million. Event-contract revenues jumped more than tenfold to $156 million.Cryptocurrency revenues remained a weak spot, declining 38% to $100 million. Crypto notional volume totaled $40.4 billion, including $18.3 billion from the Robinhood app and $22.1 billion from Bitstamp. Overall crypto volume fell 39% sequentially.Trading engagement remained strong elsewhere. Equity notional volume advanced 85% year over year to a record $956 billion, while options contracts traded grew 50% to a record 774 million. Event contracts traded reached a record 13.6 billion. Funded Customers increased 7% year over year to 28.4 million, including roughly 300,000 customers added through the WonderFi acquisition. Investment Accounts rose 9% to 29.9 million.Total Platform Assets advanced 32% to $369 billion, aided by continued net deposits and higher equity valuations. These benefits were partly offset by lower cryptocurrency valuations. Average platform assets per funded customer reached $13,000.Net deposits totaled a record $21.7 billion, representing a 28% annualized growth rate. Robinhood Retirement assets under custody surged 82% to a record $34.5 billion.Robinhood Gold subscribers increased 39% year over year and 11% sequentially to 4.84 million. Gold adoption reached 17% of funded customers, up from 13.1% a year earlier. The company noted that roughly 40% of new funded customers enrolled in Gold during the quarter. Annualized Gold subscription revenues reached $216 million. Other wealth products also gained traction. Robinhood Strategies grew to more than 300,000 funded customers and nearly $2 billion in assets under management. Robinhood Banking ended June with more than $3 billion in deposits from over 240,000 funded customers. Total operating expenses increased 33% year over year to $734 million. The increase reflected marketing and growth investments, restructuring charges and expenses related to Trump Accounts and Rothera.Adjusted operating expenses and share-based compensation rose 23% to $641 million. HOOD’s profitability remained solid despite the higher expense base. Adjusted EBITDA increased 35% to $741 million, while the adjusted EBITDA margin improved to 57% from 56% a year earlier. Robinhood continued returning capital to shareholders. The company repurchased $414 million of Class A common stock during the quarter, representing 4.4 million shares at an average price of approximately $94 each. This included $290 million of repurchases tied to its June convertible-notes offering and conducted outside the existing authorization.Since launching its initial repurchase program in the third quarter of 2024, HOOD has bought back $1.3 billion, or 27 million shares, at an average price of roughly $47.Robinhood lowered and tightened its 2026 adjusted operating expenses and share-based compensation outlook to $2.675-$2.775 billion from the prior range of $2.7-$2.825 billion. The revised forecast reflects efficiency gains that helped fund costs associated with Rothera and WonderFi. Robinhood’s solid transaction-based revenues, product expansion efforts and higher interest-earning assets, alongside a solid balance sheet, will aid its financials. Further, the company’s initiatives to expand globally will drive growth. Rising expenses, crypto volatility and excessive regulatory risks are major headwinds. Robinhood Markets, Inc. price-consensus-eps-surprise-chart | Robinhood Markets, Inc. Quote Currently, Robinhood carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Charles Schwab’s SCHW second-quarter 2026 adjusted earnings of $1.62 per share outpaced the Zacks Consensus Estimate of $1.53. The bottom line soared 42% year over year.Schwab’s results benefited from the robust performance of the asset management business and record trading revenues. Higher NIR and solid brokerage account numbers were other positives. However, an increase in expenses was the undermining factor.  Interactive Brokers Group’s IBKR second-quarter 2026 adjusted earnings per share of 69 cents surpassed the Zacks Consensus Estimate of 64 cents. The bottom line reflected a rise of 35.3% from the prior-year quarter.Results primarily benefited from an increase in revenues, growth in customer accounts and a rise in daily average revenue trades. However, higher expenses were the headwind for Interactive Brokers. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Charles Schwab (SCHW) just combined three shareholder friendly moves: a higher second quarter earnings print, fresh buyback progress, and confirmed common and preferred dividends, giving investors new information on both growth and income potential. See our latest analysis for Charles Schwab. At a share price of $104.47, Charles Schwab’s recent 30 day share price return of 15.37% and 90 day share price return of 14.00% sit alongside a 1 year total shareholder return of 7.33%, while the 3 year total shareholder return of 66.78% points to longer term compounding. If this mix of earnings, buybacks and dividends has your attention, it may also be a good moment to broaden your watchlist and check out 19 top founder-led companies After a sharp move to $104.47 and a richer mix of buybacks, earnings and dividends now on the table, the key issue is whether Charles Schwab still offers a skewed risk reward for new buyers. It is time to look at the valuation. The current Charles Schwab share price of $104.47 sits below a narrative fair value of $122.76, which puts the recent earnings, buyback activity and dividends in a different light. Read the complete narrative. Curious what sits underneath that $122.76 figure? The narrative leans on earnings power, revenue expansion and firm profit margins working together over time. The exact mix might surprise you. Result: Fair Value of $122.76 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, Charles Schwab still faces risk if interest rate trends shift again, or if regulatory changes raise costs and pressure returns from its broad platform. Find out about the key risks to this Charles Schwab narrative. With mixed signals around Charles Schwab’s risks and rewards, this is a moment to move quickly and test the narrative against your own expectations using 4 key rewards and 1 important warning sign If Charles Schwab is on your radar after these results, do not stop there. Broaden your opportunity set and pressure test your thinking across different types of stocks. Target income resilience by reviewing companies with robust payout profiles using the 9 dividend fortresses. Hunt for potential bargains across the market by scanning the 49 high quality undervalued stocks. Prioritise capital preservation by focusing on companies in the 85 resilient stocks with low risk scores. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SCHW. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Robinhood Markets HOOD is scheduled to report second-quarter 2026 results on Wednesday after market close.After an impressive 2025 performance, momentum continued for HOOD in the first quarter of 2026 amid crypto weakness. Solid trading activity across options and equities amid heightened volatility led to an increase in transaction-based revenues, while a sell-off in cryptos hampered performance to some extent. Further, higher net interest revenues (NIR) and a surge in Gold subscribers were tailwinds. Hence, the company’s top line grew 15% year over year. HOOD is expected to have witnessed solid revenue growth in the second quarter as well. The Zacks Consensus Estimate for sales of $1.22 billion suggests a 23.6% surge on a year-over-year basis.  Robinhood has an impressive earnings surprise history. The company’s earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters, with the average beat being 13.71%. Earnings Surprise Image Source: Zacks Investment Research In the past week, the consensus estimate for earnings has remained unchanged at 39 cents. This indicates a fall of 7.1% from the prior-year quarter. HOOD’s Earnings Estimates Image Source: Zacks Investment Research With Robinhood’s latest earnings release approaching, should investors buy the stock now or wait until after the results are announced? Let’s examine how the company is positioned ahead of earnings. Revenues: During the second quarter, client activity was robust, driven by heightened volatility. Hence, Robinhood’s transaction revenues are expected to have increased like its peers, Interactive Brokers Group IBKR and Charles Schwab SCHW.Interactive Brokers, which released second-quarter results on July 21, witnessed a 30% year-over-year rise in commissions. Schwab, which also announced quarterly numbers on July 21, recorded 28% growth in trading revenues.The Zacks Consensus Estimate for HOOD’s transaction-based revenues is pegged at $723.6 million, indicating a 34.2% increase from the prior-year quarter. This performance is likely to have been supported by higher options and equity transaction revenues, along with strong growth in the prediction markets business. However, cryptocurrencies transaction revenues may have remained subdued due to continued weakness in the underlying digital assets during the quarter.The consensus estimate for options transaction revenues is $333.6 million, suggesting 25.9% growth. Further, the Zacks Consensus Estimate for equity and cryptocurrencies transaction revenues is pegged at $125.2 million and $83.5 million, respectively. Equity transaction revenues are projected to soar 89.8%, while cryptocurrencies transaction revenues are estimated to plunge 47.8% year over year. The consensus estimate for other transaction revenues of $171 million suggests a substantial surge from $48 million in the prior-year quarter. Robinhood’s NIR is expected to have witnessed a decent rise on the back of higher interest-earning assets and securities lending activity. The consensus estimate for the metric is $371.9 million, implying a 4.2% rise.The Zacks Consensus Estimate for other revenues is pegged at $145.4 million, suggesting a 75.2% jump from the prior-year quarter.Expenses: Total operating expenses are likely to have remained elevated as HOOD invests in key areas to enhance platform capabilities, drive product innovation, improve customer support and build upon regulatory and compliance functions. Further, expansion through global presence is likely to have added to expenses.Additionally, as the company trims around 10% of its workforce, it is expected to incur restructuring charges of $28 million in the second quarter, primarily related to severance payments, employee benefits and stock-based compensation. Our quantitative model shows that the chances of an earnings beat for Robinhood are high this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is the case here, as you see below.Earnings ESP: Robinhood has an Earnings ESP of +2.98%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.Zacks Rank: It carries a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Robinhood shares had a weak start to 2026. However, the trend reversed in the second quarter as investor confidence improved, supported by the company’s efforts to diversify beyond trading through the launch of several new products and services.In the second quarter, HOOD jumped 44.7%, outperforming the industry’s growth of 15%. Also, it fared better than Schwab and Interactive Brokers. HOOD’s Q2 2026 Price Performance Image Source: Zacks Investment Research Now, let’s look at the value Robinhood offers investors at current levels. Currently, HOOD is trading at 9.56X 12-month trailing price/tangible book (P/TB), above the industry’s P/TB TTM multiple of 3.40X. Hence, the stock is trading at a steep premium compared with the industry. HOOD P/TB TTM Image Source: Zacks Investment Research Robinhood stock is expensive compared with Interactive Brokers and Schwab. At present, Interactive Brokers and Schwab have a P/TB TTM of 1.86X and 7.79X, respectively. Robinhood is making tangible progress in broadening its business mix and deepening its product ecosystem. The company’s strategy of launching new offerings and pursuing international expansion supports its long-term ambition to build a more diversified global platform. HOOD’s expanding suite of products continues to resonate with a younger, digitally native customer base, while the gradual shift away from transaction-driven revenue underscores improving business maturity. Strong liquidity, a $1.5 billion share repurchase program, a $2 billion debt issuance and healthy user growth amid broader digital asset adoption further strengthen the constructive view.Robinhood continues to face increasing regulatory scrutiny, fines and investigations across multiple jurisdictions, which could elevate compliance costs and complicate its expansion strategy. In addition, its push into banking introduces execution risk, particularly in an intensely competitive environment, which may keep investors measured on the pace and magnitude of success.Robinhood appears well-positioned to scale and diversify its operations. Given the persistent macroeconomic uncertainty and elevated market volatility, the company will likely benefit from stronger trading activity. However, weakness in cryptocurrency markets may remain a headwind to financial performance.Yet, the company is continuing to invest in its crypto business through tokenization initiatives, platform enhancements, acquisitions and expansion in Europe. However, recent volatility in digital assets has pressured sentiment and trading engagement, as reflected in a steady decline in crypto Daily Average Revenue Trades. While Robinhood is working to reposition itself as more than a crypto-driven platform, that transition is likely to take time. Although Robinhood’s second-quarter revenues are expected to increase, the overall setup appears unfavorable amid rising cost pressures, subdued cryptocurrency activity and a premium valuation.Cryptocurrency transaction revenues are likely to decline, reflecting weaker retail participation and volatility in digital asset prices. At the same time, operating expenses are expected to remain elevated, while restructuring, merger-related and other deal costs could further pressure margins.HOOD stock also appears expensive at current levels. Investors may be better off waiting for the second-quarter results and management’s commentary on the performance and adoption of its newly launched products and services before making an investment decision. Existing shareholders may hold the stock, but fresh positions seem unwarranted ahead of the earnings release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Capital One Financial Corporation? Here are five stocks we like better. Northrop Grumman beat Q2 earnings estimates and raised its 2026 guidance, citing a record $104.7 billion backlog amid ongoing defense demand tied to the war in Iran. D.R. Horton topped earnings expectations but cut its full-year delivery outlook as rising cancellations and price cuts signal a cooling housing market. Capital One and Charles Schwab both posted double beats in Q2, signaling improving momentum for the financial sector after a weak start to the year. As the second week of earnings season draws to a close, companies across several sectors are providing clues about what investors can expect for the remainder of the year. Of course, quarterly earnings and revenues are rear-facing metrics. But when combined with recent financial performances and full-year guidance, notable trends begin to emerge. Four companies—ranging from defense contractors to homebuilders to big banks—that reported earnings on Tuesday, July 21, are providing a glimpse into what the market may hold in the second half of 2026. → MarketBeat Week in Review – 07/20- 07/24 The energy sector hasn’t been the only beneficiary of the war with Iran. The ongoing war with Iran has also kept defense spending in focus, and the administration’s 2027 budget request proposes $1.5 trillion in total defense resources, although Congress has not enacted that amount. → Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit Northrop Grumman's (NYSE: NOC) Q2 earnings double beat offered further evidence of strong global demand for defense systems. Earnings per share (EPS) of $7.68 topped the analyst consensus of $6.82, while quarterly revenue of $10.88 billion—a 5.1% year-over-year (YOY) increase—surpassed expectations of $10.8 billion. But the biggest takeaway was that, with no end in sight for the war in Iran, Q2 serves as a precursor to what is likely to be a protracted global conflict. Northrop announced that it received net awards totaling $20 billion during the quarter, pushing its backlog to a record $104.7 billion. → 2 Stocks Built to Thrive If Inflation Refuses to Fade As a result, the company raised its 2026 sales guidance to $43.75 billion to $44.25 billion, with full-year adjusted EPS guidance of $28.60 to $29.10. Defense contractors have been pivotal in industrials’ outperformance this year. The sector ranks third with a year-to-date (YTD) gain of 15.18%, trailing only tech at 25.57% and energy at 30.84%. With institutional buying nearly doubling selling over the past 12 months, and a short interest of just 1.66% of the float, Northrop should continue to reward shareholders for the remainder of the year. With real estate stuck in limbo, homebuilder stocks have chopped around this year. D.R. Horton (NYSE: DHI) is the perfect example. Shares were up approximately 3.7% year to date (YTD) ahead of its fiscal Q3 earnings release. But now, the stock currently finds itself in one of those downtrends, After enduring six double-digit peaks or troughs, DHI is down a little over 3% YTD, and down nearly 15% from its three-month high. Much of that can be attributed to a stagnant—if not cooling—housing market. According to the latest House Market Index (HMI) survey, homebuilders cut prices by 37% in July, 35% in June, and 32% in May. That’s a bearish trend for housing, and the largest companies may be hanging their hopes on a potential interest rate cut from the Federal Reserve later this year. For D.R. Horton, that showed up in the company’s latest earnings report. EPS of $3.20 beat analyst expectations of $3.02. And while revenue of $9.23 billion beat expectations of $9.1 billion, the figure was essentially flat YOY—a concerning indicator for the housing market. Management noted that affordability constraints and cautious consumer sentiment continue to weigh on demand, with orders flat YOY and the company’s cancellation rate rising to 20% from 17% a year ago. D.R. Horton cut its full-year delivery outlook after demand softened later in the quarter, and now expects Q4 starts to be lower than Q3 while keeping gross margin roughly flat sequentially. That leaves investors with a mixed picture: The builder is still beating near-term expectations, but demand, pricing incentives, and margins remain under pressure. This year, the financials have performed third-worst among the S&P 500’s 11 sectors. But a string of earnings beats from major banks has improved the sector’s near-term momentum. The sector appears to have turned a corner, posting the third-best performance with a 7.28% gain. Capital One (NYSE: COF) and Charles Schwab (NYSE: SCHW) both posted a double beat in their Q2 earnings reports. Last year, Capital One doubled down on its efforts to challenge the duopoly of Visa (NYSE: V) and Mastercard (NYSE: MA) by expanding its in-house payment rails. Capital One completed its acquisition of Discover in May 2025, and Discover says card accounts will migrate to Capital One throughout 2026 and early 2027, with a major wave scheduled to begin July 27, 2026. On the earnings conference call, CEO Richard Fairbank said that 50% of Discover’s new-account originations were already on Capital One’s technology platform and that the company expected all new Discover originations to be on its technology stack by the end of Q3. The bank handily beat on earnings with EPS of $5.81 against analyst expectations of $4.79. However, the upshot was revenue, which rose 26.9% YOY to $15.83 billion, surpassing the consensus forecast of $15.76 billion. Meanwhile, Schwab posted record EPS and record quarterly revenue of $1.62 and $7.07 billion, respectively. Revenue increased 20.9% YOY, and management highlighted strong operating leverage and a 54.3% adjusted pre-tax profit margin. Trading activity and lending were major drivers of the quarter, with daily average trades reaching 11.9 million and bank loan balances rising to $67 billion, up 33% YOY. Looking forward, the company emphasized numerous longer-term growth initiatives, including crypto transfers, private markets, AI tools, tokenization infrastructure, and prediction markets tied to financial events. While these could expand the platform over time, they are in their early stages and therefore unlikely to materially affect 2026 results. For investors, the common thread is improving operating momentum. Both stocks may merit watchlist attention if earnings growth continues without a corresponding rise in credit or execution risk. The article "These 4 Earnings Reports Expose the Market’s Growing Economic Divide" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Charles Schwab just delivered one of its strongest quarters on record, and the stock still dropped. That disconnect caught Morgan Stanley's attention, prompting the firm to double down on its bullish stance. Schwab reported second-quarter adjusted earnings of $1.62 per share on record revenue of $7.07 billion, beating Wall Street estimates on both fronts. The company also raised its full-year revenue growth outlook to between 17.5% and 18.5%, up from the 14% to 15% range projected at its May investor day. Despite those results, shares slipped roughly 2.5%, and Morgan Stanley's report stated that the selloff was a positioning issue, not a fundamental one. Morgan Stanley emphasized that the guidance increase was not driven by more favorable net interest margin assumptions, which remained unchanged from May at 3.00% to 3.10% for the full year. Instead, the revenue uplift came from stronger-than-expected client engagement and transaction activity, according to the Morgan Stanley July 22 note. Rick Wurster, CEO of Charles Schwab, attributed rising trading activity to generational and technological shifts. That distinction matters because Schwab's stock has long traded as a bet on interest rates and the direction of cash sorting on its balance sheet. Through the report, the second-quarter results provide evidence that the earnings algorithm is broadening and becoming less dependent on any single macro variable. Daily average trades hit a record 11.9 million during the quarter, a 57% jump from the same period a year earlier, according to the company's earnings release. Trading revenue climbed 28% year over year to about $1.2 billion, while bank loan balances reached $67 billion, up 33% from a year ago. One of the sharpest observations in the Morgan Stanley note centers on how Schwab is deploying its balance sheet. Rather than funneling all available capacity into securities, the company is directing cash flow toward pledged asset lines and other client loans, which carry spreads more than 100 basis points above what the firm would earn from buying bonds, according to Schwab's Q2 2026 earnings release. Pledged asset line balances surged to $33.4 billion, representing a 59% increase from a year ago, while originations were up about 60%, Schwab's Q2 2026 earnings release reported. Wurster pointed to the product's appeal for clients with large unrealized gains who want liquidity without triggering a taxable event. More Bank Stock Resets: JPMorgan resets LLY stock target on drug demand Bank of America resets Nike stock target on recovery plan Morgan Stanley resets American Airlines stock price target amid jet fuel surge "They're seeing their wealth grow, and they might want to buy a house, put their kid through college, whatever it may be," Wurster said on the earnings call, according to a transcript published by Benzinga. "They don't want to sell the position given the gains that they have. And so they want to leverage that position, and that pledged asset line is a great way to do it," he added. The report framed this as a durable shift away from passive, rate-sensitive income toward revenue that is tied to client relationships. Lending balances currently represent about 0.5% of total client assets at Schwab, compared with roughly 4% across the broader industry, suggesting significant room to grow, according to the research note. Beyond lending, Schwab is building out several new revenue lines that Morgan Stanley sees as meaningful growth drivers. The company confirmed it is working with Cboe Global Markets on binary options tied to financial and economic events, though no launch date has been set. Management made clear it will avoid sports, entertainment, and celebrity-related contracts, which Schwab management estimates account for 90% to 95% of current prediction-market volume. On crypto, Schwab launched direct spot trading for Bitcoin and Ether through its new Schwab Crypto service and expects to begin piloting transfer functionality by the end of July. Enabling clients to move externally held digital assets onto the platform could strengthen asset consolidation over time. Schwab also rolled out Portfolio Insights, a generative artificial intelligence (AI) tool for analyzing performance, and began piloting Schwab Assistant internally in July. Wurster told analysts that AI-driven research is already contributing to elevated trading activity, particularly among younger investors. The Morgan Stanley report set his $133 price target based on a 16 times multiple of Morgan Stanley's estimated 2027 earnings per share of $8.32. That implies roughly 30% upside from where the stock was trading ahead of earnings near $102.54. The broader argument is that the market still treats Schwab primarily as a balance-sheet recovery story, focused on how quickly its underwater securities portfolio reprices to higher yields. Morgan Stanley contends investors should instead look at the multiple revenue engines now taking shape, from trading and lending to advice, asset management, and digital assets. Schwab's post-earnings dip may look like a red flag on the surface, but the underlying results point to a company whose earnings profile is growing more diversified and less tethered to any single macro variable. The question for investors is whether the market will start pricing in that shift, or keep treating Schwab like the rate-driven name it used to be. Related: Morgan Stanley says stock market rally faces $1.2 trillion question This story was originally published by TheStreet on Jul 23, 2026, where it first appeared in the Investing section. Add TheStreet as a Preferred Source by clicking here.

Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. So, here’s the long and short of it … It wasn’t just a massive boost in trading volume during the SpaceX initial public offering that fueled Charles Schwab’s second-quarter earnings growth. Long-short strategies — which, unlike traditional direct indexing, aim to generate harvestable losses across all market environments — have been a staple for advisors guiding high-net-worth clients through hefty capital gains tax hits. The strategies are delivering a noticeable boost, with the discount brokerage posting a 21% year-over-year revenue increase overall in the second quarter, outperforming Wall Street expectations. Executives pointed to sustained interest in long-short tax-managed strategies as an underlying engine. “Bigger competitors were maybe not making this as available, which probably led to a little bit of a surge,” CEO Rick Wurster said during the company’s earnings call this week. “We’re past that [surge] now and in more of a stable growth environment.” Sign up for The Daily Upside at no cost for premium analysis on all your favorite stocks. READ ALSO: Treasury Officials Call New Tax Alpha ETFs ‘Too Good to Be True’ and Welcome to a New Era of Model Portfolios CFO Mike Verdeschi also noted that while the offering represents a modest slice of Schwab’s overall business, roughly 1% of firm revenue, it remains a focus. “It’s grown very quickly,” he said during the call. Here’s how they work: Long-short strategies pair long positions in individual stocks expected to rise with short positions in those expected to fall: By realizing losses on either side of the portfolio, managers can offset outside capital gains even in bull market runs. Advisors typically use this blueprint for high-net-worth clients facing major tax triggers, such as selling a business or unwinding a concentrated stock position. “Being able to generate and harvest losses … while still largely tracking an index is quite a powerful strategy,” Wurster said, predicting the approach will only gain traction over the next decade. Not Too Much. Despite growing advisor momentum, long-short strategies carry inherent complexity. They require active portfolio oversight, higher trading volume and borrowing fees for short positions. Shorting equities also carries unique risks: While losses on a long position are capped at the principal invested, theoretical losses on a short position are unlimited. Mindful of those risks, Schwab instituted guardrails earlier this year on how much advisors can allocate to long-short separately managed accounts, capping allocations at 30% of a practice’s total assets held at the firm. This post first appeared on The Daily Upside. To receive financial advisor news, market insights, and practice management essentials, subscribe to our free Advisor Upside newsletter.

Raymond James’ RJF third-quarter fiscal 2026 (ended June 30) adjusted earnings of $3.14 per share beat the Zacks Consensus Estimate of $2.91. The bottom line increased 44% from the prior-year quarter.Results benefited primarily from an increase in revenues to record levels. Robust growth in assets under administration balances and a benefit from credit losses on bank loans further supported results. However, higher expenses were a headwind.Net income available to common shareholders (GAAP basis) was $595 million or $3.01 per share, up from $435 million or $2.12 in the prior-year quarter. Net revenues were a record $3.93 billion, up 16% year over year. The top line beat the Zacks Consensus Estimate of $3.86 billion.Asset management and related administrative fees increased 20% year over year to $2.08 billion. Brokerage revenues rose 13% to $629 million, while account and service fees increased 5% to $316 million. Investment banking (IB) revenues jumped 37% to $291 million. Interest income was relatively stable at $994 million.Segment-wise, in the reported quarter, the Private Client Group recorded 14% year-over-year growth in net revenues. Asset Management’s net revenues rose 24%, while Capital Markets’ top line increased 25%. Bank registered a rise of 7% from the prior year’s net revenues, while Other recorded negative revenues.Non-interest expenses increased 12% from the prior-year quarter to $3.18 billion. The increase was mainly due to a rise in compensation, commissions and benefits, communications and information processing, occupancy and equipment, business development, investment sub-advisory fees and professional fees. This was partly offset by lower other expenses and a $26-million bank loan benefit for credit losses. As of June 30, 2026, client assets under administration were a record $1.92 trillion, up 17% from the prior-year period. Financial assets under management of $345 billion grew 31% year over year. As of June 30, 2026, Raymond James had total assets of $94.2 billion, up 3% from the prior-quarter end. Total common equity was $12.7 billion, up 1% from the previous quarter.Book value per share was $66.11, up from $60.90 as of June 30, 2025.As of June 30, 2026, the total capital ratio was 22.5%, down from 24.2% as of June 30, 2025. The Tier 1 capital ratio was 21.6% compared with 22.9% as of June 30, 2025.Return on common equity (annualized basis) was 18.8% at the end of the reported quarter compared with 14.3% a year ago. In the reported quarter, RJF repurchased shares worth $400 million at an average price of $152 per share.As of June 30, 2026, $1.1 billion remained available under the buyback authorization. Raymond James’ diversified business model and continued strength in the Private Client Group are expected to support results. Record fee-based assets, robust financial advisor recruiting, strong investment banking pipelines and ample capital and liquidity are positives for the company. Also, the completion of the Clark Capital acquisition supported financial assets under management. However, elevated operating expenses remain a concern. Raymond James Financial, Inc. price-consensus-eps-surprise-chart | Raymond James Financial, Inc. Quote Currently, Raymond James carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Charles Schwab’s SCHW second-quarter 2026 adjusted earnings of $1.62 per share outpaced the Zacks Consensus Estimate of $1.53. The bottom line soared 42% year over year.Schwab’s results benefited from the robust performance of the asset management business and record trading revenues. Higher net interest revenues and solid brokerage account numbers were other positives. However, an increase in expenses was the undermining factor.Jefferies Financial Group’s JEF second-quarter fiscal 2026 (ended May 31) adjusted earnings per share from continuing operations of $1.03 missed the Zacks Consensus Estimate of $1.09. However, the bottom line increased significantly from the prior-year quarter.Results were primarily aided by record IB advisory and underwriting net revenues, as well as record equities net revenues. However, a rise in expenses hurt Jefferies’ results to an extent. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Raymond James Financial, Inc. (RJF) : Free Stock Analysis Report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report Jefferies Financial Group Inc. (JEF) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research