Charles Schwab and Morgan Stanley Report Q3 Earnings
What happened
On October 12, 2026, Charles Schwab Corporation reported a third-quarter EPS of $1.66, compared to $1.31 in the prior-year quarter. Morgan Stanley reported a third-quarter EPS of $2.83, which was slightly higher than $2.80 in the prior-year quarter. Other firms reported earnings, including JPMorgan Chase & Co, which posted a Q3 EPS of $5.94 versus $5.07 in the prior-year quarter.
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Why it matters
The earnings reports from major financial institutions like Charles Schwab Corporation and Morgan Stanley provide insight into the health of the financial services sector. These results, alongside those from competitors like Bank of America, influence market perception and stock valuation across the industry.
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Who's involved
- Charles Schwab CorporationAmerican financial services company that reported its Q3 earnings
- Morgan StanleyU.S. investment bank that reported its Q3 earnings
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- JPMorgan ChaseSpeculative
JPMorgan Chase might see its market valuation influenced by comparative earnings results from peer financial firms.
- Goldman SachsSpeculative
Goldman Sachs might see its market valuation influenced by comparative earnings results from peer financial firms.
- Bank of AmericaSpeculative
Bank of America might see its market valuation influenced by comparative earnings results from peer financial firms.
Keep exploring
The entities involved
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Charles Schwab Corporation
American financial services company
Nothing else this week.
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Morgan Stanley
U.S. investment bank
- Mirum Pharmaceuticals received positive analyst rating updates, including buy ratings and raised price targets, from multiple firms including CLSA and Morgan Stanley.
- Goldman Sachs, Deutsche Bank, and Morgan Stanley provided market commentary on the SPX, with GS viewing market narrowness as not a warning sign.
Related events
- Morgan Stanley discussed market trends regarding Q3 earnings for J.B. Hunt Transport Services, Inc.
- Morgan Stanley increased its holdings in the Schwab International Equity ETF (SCHF) during Q4 2026.
- MarketBeat is reporting consensus ratings based on reports from various competing financial institutions, including Morgan Stanley and S&P Global.
- Morgan Stanley downgraded the stock rating for Qfin Holdings, Inc. on September 9, 2026.