Hathi Neesha sold $489K of SCHW (indirect holdings)

A 2026 Sentora survey found 75% of U.S. crypto holders want banks to manage their Bitcoin and other digital currencies. Charles Schwab (SCHW) and Interactive Brokers (IBKR) now offer crypto custody, with Schwab adding Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) by year-end. Deutsche Bank (DB) plans to launch custody services in Germany first. Schwab charges a 0.75% trade fee and has a $5,000 withdrawal limit. Insurance protections for crypto are limited.

JPMorgan Chase, the largest US bank, announced it will block external AI agents like Meta's Muse and Instinct from logging into and moving money within customer accounts. The bank supports data sharing through approved aggregators like Plaid but opposes credential sharing. JPMorgan's CEO Jamie Dimon warned about the risks of 'rogue agents' and liability transfers. The bank's third-quarter earnings showed a 6% increase, with growth in consumer deposits.

Charles Schwab now offers direct Bitcoin and Ether trading to its 40M+ U.S. retail clients, with plans to add Solana, Avalanche, and Chainlink later. Clients own the underlying cryptocurrencies, not funds or contracts. The firm has not disclosed fees, custody details, or eligibility requirements. This move competes with crypto-native exchanges and follows a trend among U.S. financial institutions.

Charles Schwab Corp. (SCHW) reported Q3 adjusted earnings of $1.69 per share, beating estimates, with revenue rising 17% YoY to $7.17B. Analysts revised price forecasts; Citizens maintained a $120 target, citing long-term strength, while JPMorgan cut its target to $147 due to funding pressures. Shares fell 2.45% to $91.85 on Friday.

TD Cowen reiterated a Buy rating on Charles Schwab with a $129 price target, implying 37% upside from the Oct 15 close. Analysts highlight Schwab's organic growth potential, effective use of technology, and improved client cash dynamics.

Charles Schwab now allows its 40.1 million retail clients to directly trade Bitcoin and Ethereum via its Schwab Crypto account, launched in April 2026. The service, with a 0.75% fee, is available on Schwab's platforms but excludes New York and Louisiana. Paxos handles trade execution and custody. Schwab plans to add Solana, Avalanche, and Chainlink by year-end. The firm aims to generate transaction-based revenue from crypto trading.