Charles Schwab Sees FY26 NIM at 2.85%-2.95%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2026
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Charles Schwab (SCHW) sees FY26 NIM 2.85%-2.95%, with Q4 NIM in low 290s bp area and FY26 average interest-earning assets expanding modestly vs. prior year. Sees FY26 adjusted expenses up 5.5%-6.5% vs. FY25. Sees FY adjusted pre-tax margin expanding further into low 50% zone. Notes that Forge Global (FRGE) is not included within FY26 scenario. Comments taken from investor presentation slides.
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Analyst Views on FRGE
Wall Street analysts forecast FRGE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FRGE is 45.00 USD with a low forecast of 45.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
0 Buy
3 Hold
0 Sell
Hold
Current: 44.660
Low
45.00
Averages
45.00
High
45.00
Current: 44.660
Low
45.00
Averages
45.00
High
45.00
About FRGE
Forge Global Holdings, Inc. is a provider of marketplace infrastructure, data services and technology solutions for private market participants. The flagship product of its private market platform is the Forge marketplace, which is designed to connect buyers looking to invest in private companies and sellers of company shares and related products. Its private company solutions deliver solutions to private companies for their liquidity and capital formation needs. Its asset management solution enhances investment through a suite of single asset funds that invest in private companies. Its data solutions provide clients with key insights into a traditionally opaque market and drive additional participation in its marketplace and platform generally. It also provides custodial services for self-directed retirement accounts, specializing in the custody of alternative assets to its clients. The Company's core technology infrastructure supports its products and services across all interfaces.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Forge Global Holdings, Inc. Shareholders Approve Merger with Charles Schwab Corporation with 69.81% Voting Support
- Shareholder Voting: At Forge's special shareholder meeting, a total of 9,687,311 shares of common stock were represented, accounting for 69.97% of the voting power, ensuring a quorum for the approval of the merger proposals.
- Merger Agreement Approval: Approximately 69.81% of shareholders voted in favor of the merger agreement with Charles Schwab, indicating strong confidence in the integration process, which is expected to enhance Forge's competitive position in the private market.
- Executive Compensation Arrangements: About 68.95% of votes supported non-binding advisory proposals regarding executive compensation related to the merger, reflecting shareholder recognition and trust in the management team.
- Expected Merger Timeline: The acquisition is anticipated to close in the first half of 2026, subject to customary closing conditions including regulatory approvals, laying a foundation for Forge's future growth and providing Schwab with opportunities to expand its market share.
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Charles Schwab's Earnings to Highlight Asset Growth
Earnings Report Anticipation: Charles Schwab is set to report its fourth-quarter earnings on Wednesday, with investors expecting strong performance.
Analyst Estimates: Wall Street analysts predict adjusted earnings of $1.40 per share on revenue of $6.4 billion, a significant increase from last year's adjusted earnings of $1.01 on revenue of $5.3 billion.
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