Charles Schwab Expands Overnight Trading Options on Thinkorswim Platform, Boosts Potential Upside for SCHW Stock

Charles Schwab expands overnight trading on thinkorswim platform to over 1,100 securities, mostly ETFs. Analysts' price targets suggest potential upside for SCHW stock, but projections vary. GF Value indicates slight downside from the current stock price.

Charles Schwab has significantly expanded its overnight trading capabilities, allowing retail clients to trade more than 1,100 securities 24 hours a day, five days a week through its thinkorswim platform suite. The expansion primarily adds popular exchange-traded funds (ETFs) to the list of securities available for extended trading hours [1].

This move follows Schwab's February announcement to include S&P 500 and Nasq-100 stocks in the overnight trading session, following a successful pilot program in late 2024. Since the expansion, Schwab has seen significant client engagement, with thousands of clients trading in the overnight session for the first time each week [1]. The three most actively traded securities during overnight hours have been Tesla Inc. (TSLA), NVIDIA Corp. (NVDA), and Nio Inc. (NIO) [1].

The expansion of overnight trading aligns with the increasing pace of interconnected global markets and market-moving news and events happening outside regular U.S. market hours. This provides investors with flexibility and access to potential opportunities and helps manage risk [1].

Analysts have responded to Schwab's strategic initiatives with positive momentum. According to InvestingPro data, Schwab's stock has delivered an impressive 30% return year-to-date, reflecting strong market confidence in its strategic initiatives [2]. The company's gross profit margin remains robust at 97%, and revenue growth is at 16.3% [2].

However, not all analysts are in agreement. While some have raised their price targets, others suggest a slight downside from the current stock price, as indicated by GF Value. The company's earnings report for the second quarter of 2025 also showed impressive results, with adjusted earnings per share reaching $1.14 and total revenues of $5.85 billion, reflecting a 25% year-over-year growth [2].

Investors should be aware that extended hours trading may involve risks, including lower liquidity, higher volatility, and wider spreads compared to regular market hours [1].

References:
[1] https://finance.yahoo.com/news/schwab-announces-further-expansion-overnight-123000658.html
[2] https://au.investing.com/news/company-news/schwab-expands-24hour-trading-to-over-1100-securities-93CH-3934726