Best large-cap brokers stocks to invest in 2026

The brokerage industry continues to evolve with digital transformation, changing fee structures, and expanding investment options for retail and institutional clients. Are you looking for large-cap broker stocks that combine stability with growth potential?

Interactive Brokers provides advanced trading technology and global market access for sophisticated investors, professional traders, and institutions worldwide. LPL Financial operates as a leading independent broker-dealer and investment advisory firm, supporting thousands of financial advisors across the United States. Robinhood pioneered commission-free trading and continues expanding its cryptocurrency, options, and retirement offerings for younger investors.

These large-cap brokerage companies demonstrate strong market positions and innovative platforms that drive long-term value creation. As digital adoption accelerates across financial services, these are among the best large-cap brokers stocks for 2026.

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Before we dive into each company, let`s take a look at how your investment would have performed if you had invested in stocks mentioned in this article.

Now, let`s take a closer look at each of the companies:

  • Interactive Brokers (NYSE:IBKR)

    Interactive Brokers Group, Inc. is a globally recognized and highly respected electronic brokerage firm headquartered in Greenwich, Connecticut, in the United States. Founded in 1978 by Thomas Peterffy, the company has grown into one of the largest electronic trading platforms in the world. With operations in over 200 countries, Interactive Brokers offers traders and investors access to a vast range of global markets and asset classes.

    The company specializes in providing advanced trading tools and comprehensive services for stocks, options, futures, forex, bonds, and various funds. Known for its competitive pricing and technology-driven platform, Interactive Brokers caters to retail traders, institutional investors, and global hedge funds. By emphasizing innovation, transparency, and educational resources, the firm continues to empower its clients to make informed financial decisions and achieve their investment goals.

    Interactive Brokers financial statements

    Analysts recommendation: 1.4

    Financial Health

    • Return on assets (ROA): 2.47%
    • Return on equity (ROE): 23.51%
    • Return on investment (ROI): 17.59%

    Profitability

    • Gross margin: 92.54%
    • Operating margin: 79.41%
    • Net profit margin: 15.86%

    Growth

    • EPS (past 5 years): 27.01%
    • EPS (current): 2.22
    • EPS estimate (next quarter): 0.58
    • EPS growth (this year): 26.8%
    • EPS growth (next year): 11.27%
    • EPS growth (next 5 years): 14.8%
    • EPS growth (quarter-over-quarter): 40.24%
    • Sales growth (past 5 years): 28.89%
    • Sales growth (quarter-over-quarter): 18.6%

    💡 Why invest in Interactive Brokers?

    Interactive Brokers presents fundamental strengths that position it well for investors seeking stable returns and growth prospects:

    • Global Market Access: Interactive Brokers provides unparalleled access to over 150 markets across multiple asset classes worldwide, enabling investors to diversify portfolios internationally with truly comprehensive trading capabilities.
    • Low Cost Structure: The platform offers some of the lowest trading fees in the industry with competitive tiered pricing, transparent costs, and no inactivity fees, making it highly cost-effective for most active traders globally today.
    • Advanced Trading Tools: The platform features sophisticated analytics, comprehensive research capabilities, and professional-grade tools that attract institutional investors and experienced traders seeking advanced trading functionality.
    • Strong Reputation Excellence: Interactive Brokers has established a solid reputation over decades for exceptional reliability, operational transparency, and consistent focus on delivering superior value to all clients across the world.

    🐌 Key considerations before investing in Interactive Brokers

    However, investors should carefully consider the challenges and risks facing Interactive Brokers in its competitive landscape:

    • Complex Interface Challenge: The platform's extensive features and sophisticated interface can be overwhelming for new investors, making it less accessible to those without significant trading experience or technical market knowledge.
    • Higher Minimum Requirements: While trading fees are competitive, certain account types require higher initial funding minimums and ongoing balance requirements, which could deter casual investors and many smaller retail traders today.
    • Limited Customer Support: Interactive Brokers has faced criticism for limited customer service availability and restricted support hours, which may frustrate users requiring immediate help or seeking personalized account guidance online.
    • Market Volatility Exposure: As a brokerage serving active traders, the company's revenue is closely tied to trading volumes and market activity, which can decline significantly during periods of low volatility or market uncertainty.

    Final thoughts on Interactive Brokers

    Interactive Brokers Group, Inc. stands out as a leader in the brokerage industry, offering a sophisticated platform and unmatched access to global markets. The company's low-cost structure and advanced trading tools make it a preferred choice for professional traders and active investors worldwide. However, its complexity and reliance on trading volumes may pose challenges for beginners seeking simplicity, highlighting the importance of aligning offerings with individual investment needs.

  • LPL Financial (NYSE:LPLA)

    LPL Financial Holdings Inc. is a leading independent broker-dealer and investment advisory firm headquartered in San Diego, California, United States. Founded in 1989, the company provides comprehensive financial services including brokerage, advisory, and wealth management solutions to clients across the nation. LPL Financial serves independent financial advisors, registered investment advisors, and institutional clients with robust, comprehensive support services and tools nationwide.

    The company supports its extensive advisor network with cutting-edge technology, research, compliance support, and comprehensive business development tools and resources. LPL Financial operates on a client-centric model, offering customized investment solutions and access to a wide range of financial products. By prioritizing innovation and advisor support, the firm continues to enhance its platform and services for sustained long-term growth and success.

    LPL Financial financial statements

    Analysts recommendation: 1.76

    Financial Health

    • Return on assets (ROA): 5.43%
    • Return on equity (ROE): 20.86%
    • Return on investment (ROI): 6.48%

    Profitability

    • Gross margin: 30.86%
    • Operating margin: 9.57%
    • Net profit margin: 5.2%

    Growth

    • EPS (past 5 years): 16.23%
    • EPS (current): 10.92
    • EPS estimate (next quarter): 4.99
    • EPS growth (this year): 4.3%
    • EPS growth (next year): 17.55%
    • EPS growth (next 5 years): 20.22%
    • EPS growth (quarter-over-quarter): -110.9%
    • Sales growth (past 5 years): 17.1%
    • Sales growth (quarter-over-quarter): 41.8%

    💡 Why invest in LPL Financial?

    LPL Financial presents fundamental strengths that position it well for investors seeking stable returns and growth prospects:

    • Independent Advisor Network: LPL Financial operates the largest independent broker-dealer network in the United States, providing comprehensive support to thousands of financial advisors while generating diversified revenue streams.
    • Technology Platform Excellence: The company invests heavily in cutting-edge technology platforms and digital tools that enhance advisor productivity, client engagement, and operational efficiency across the entire network effectively.
    • Fee-Based Revenue Streams: LPL Financial benefits from growing fee-based advisory revenue streams that provide more predictable income compared to transaction-based models, improving financial stability and profit margins significantly.
    • Market Share Expansion: The company continues to gain market share in the independent wealth management space through strategic acquisitions and organic growth, strengthening its competitive position in the industry quite significantly.

    🐌 Key considerations before investing in LPL Financial

    However, investors should carefully consider the challenges and risks facing LPL Financial in its competitive landscape:

    • Regulatory Oversight Risk: As a major broker-dealer, LPL Financial faces extensive regulatory oversight and compliance requirements that can result in significant costs, fines, and operational restrictions affecting overall profitability.
    • Revenue Market Sensitivity: The company's revenue is closely tied to market performance and trading activity, making it vulnerable to periods of market volatility, economic downturns, and reduced investor activity levels significantly.
    • Advisor Retention Challenges: Maintaining and attracting high-quality financial advisors in a competitive market requires significant investment in support services, technology, and compensation, pressuring margins and operating costs.
    • Fee Compression Pressure: Industry-wide fee compression and competition from robo-advisors and low-cost providers reduce revenue per advisor and squeeze profitability, pressuring advisory and brokerage margins quite significantly today.

    Final thoughts on LPL Financial

    LPL Financial Holdings Inc. stands as a dominant player in the independent broker-dealer space with a robust platform and extensive advisor network. The company's strong focus on technology innovation and growing fee-based revenue provides excellent stability and growth potential for long-term investors. However, regulatory challenges and market sensitivity require careful monitoring, making it essential for investors to align their expectations with the company's risk profile.

  • Robinhood (NYSE:HOOD)

    Robinhood Markets, Inc. is a financial technology company that offers commission-free trading of stocks, ETFs, options, and cryptocurrencies through its mobile and web platforms. The company was founded in 2013 by Vlad Tenev and Baiju Bhatt and is headquartered in Menlo Park, California, United States. Robinhood gained significant popularity by democratizing finance, making investing accessible to a new generation of retail traders across the world.

    Robinhood's core business revolves around its trading platform, which provides users with an easy-to-use interface for buying and selling financial assets. The company generates revenue through payment for order flow, margin lending, and its premium subscription service known as Robinhood Gold. In recent years, Robinhood has expanded its offerings to include cash management, retirement accounts, and investment tools, aiming to become a comprehensive financial services provider.

    Robinhood financial statements

    Analysts recommendation: 1.68

    Financial Health

    • Return on assets (ROA): 5.85%
    • Return on equity (ROE): 21.99%
    • Return on investment (ROI): 25.29%

    Profitability

    • Gross margin: 92.38%
    • Operating margin: 50.66%
    • Net profit margin: 42.1%

    Growth

    • EPS (past 5 years): N/A
    • EPS (current): 2.05
    • EPS estimate (next quarter): 0.6
    • EPS growth (this year): -34.6%
    • EPS growth (next year): 24.89%
    • EPS growth (next 5 years): 22.8%
    • EPS growth (quarter-over-quarter): 265.76%
    • Sales growth (past 5 years): 60.71%
    • Sales growth (quarter-over-quarter): 26.5%

    💡 Why invest in Robinhood?

    Robinhood shows compelling qualities that make it stand out in its market sector for potential long-term investors strategically:

    • User Friendly Platform: Robinhood's sleek and intuitive mobile app design makes it exceptionally easy for first-time investors and younger demographics to learn, navigate, and participate in stock trading and investment management today.
    • Commission Free Trades: By pioneering commission-free investing and eliminating traditional trading fees, Robinhood has significantly reduced cost barriers for retail investors, saving users money while reshaping the entire industry.
    • Diverse Investment Options: The platform offers comprehensive access to stocks, ETFs, options, cryptocurrencies, and fractional shares, enabling users to build well-diversified portfolios with minimal initial capital requirements today.
    • Rapid User Growth: The company's exceptional popularity among millennials and Gen Z has driven explosive user growth and customer acquisition, significantly boosting brand recognition while creating new monetization opportunities globally.

    🐌 Key considerations before investing in Robinhood

    However, Robinhood faces several challenges that investors must evaluate carefully before making any investment decisions:

    • Regulatory Challenges Risk: The company faces significant legal scrutiny over its payment for order flow practices, which could result in substantial fines, operational restrictions, or fundamental changes to its core business model.
    • Risky Trading Encouragement: Robinhood's gamified interface with confetti animations has drawn criticism from regulators for promoting impulsive, speculative, and financially dangerous trading behaviors among many inexperienced users.
    • Market Activity Dependence: A substantial portion of Robinhood's revenue is directly tied to transaction volumes, making the company's financial performance highly vulnerable to periods of reduced trading interest or market downturns.
    • Reliability Issues Concern: Platform outages during critical trading moments and controversial involvement in incidents like GameStop restrictions have raised concerns about operational reliability and customer trust levels significantly.

    Final thoughts on Robinhood

    Robinhood Markets, Inc. has revolutionized the financial industry by making investing accessible, affordable, and appealing to a younger generation of investors. While the company's innovation and rapid growth are impressive, its reliance on trading activity and exposure to regulatory scrutiny present notable risks. Investors should weigh the potential for future growth against these challenges when considering Robinhood as a viable long-term investment opportunity.

  • Raymond James Financial (NYSE:RJF)

    Raymond James Financial is a diversified financial services company providing investment banking, wealth management, asset management, and capital markets services. Founded in 1962 in Saint Petersburg, Florida, the company has grown from a regional brokerage into one of the largest independent firms. Raymond James went public in 1983 and expanded through strategic acquisitions and organic growth across the United States and international markets.

    The company operates through multiple business segments including Private Client Group wealth management, Capital Markets investment banking, and Asset Management. Raymond James serves over 3 million client accounts through a network of more than 8,000 financial advisors across the United States, Canada, and Europe. With a focus on conservative risk management and client-centric service, the company has built a strong reputation for stability and performance.

    Raymond James Financial financial statements

    Analysts recommendation: 2.47

    Financial Health

    • Return on assets (ROA): 2.45%
    • Return on equity (ROE): 17.12%
    • Return on investment (ROI): 12.42%

    Profitability

    • Gross margin: 92.98%
    • Operating margin: 19.74%
    • Net profit margin: 14.76%

    Growth

    • EPS (past 5 years): 21.52%
    • EPS (current): 10.22
    • EPS estimate (next quarter): 2.84
    • EPS growth (this year): -2.4%
    • EPS growth (next year): 11.67%
    • EPS growth (next 5 years): 13.81%
    • EPS growth (quarter-over-quarter): 3.44%
    • Sales growth (past 5 years): 14.17%
    • Sales growth (quarter-over-quarter): 5.7%

    💡 Why invest in Raymond James Financial?

    Raymond James Financial shows compelling qualities that make it stand out in the financial services sector for long-term investors:

    • Independent Platform Advantage: Raymond James is a major independent firm, offering flexible, conflict-free advice without proprietary products or bank affiliations, enhancing client trust, retention, and long-term relationship value.
    • Diversified Revenue Streams: The company generates income from wealth management fees, investment banking, trading commissions, and banking services, creating stability and multiple growth vectors across different market conditions.
    • Strong Advisor Network: Raymond James maintains over 8,000 financial advisors with high retention rates and productivity levels, creating sustainable competitive advantages and predictable fee-based revenue growth across all markets.
    • Conservative Risk Management: The company`s disciplined approach to risk management, capital allocation, and balance sheet strength provides stability during market volatility and enables consistent dividend payments to shareholders.

    🐌 Key considerations before investing in Raymond James Financial

    However, investors should carefully consider the challenges facing Raymond James Financial in its competitive market landscape:

    • Market Sensitivity Exposure: Revenue from asset-based fees, trading commissions, and investment banking activities creates earnings volatility during market downturns, economic uncertainty, and reduced client activity periods globally.
    • Competitive Pressure Intensifies: Increasing competition from robo-advisors, discount brokers, large wirehouses, and digital platforms pressures fees, advisor recruitment, client acquisition, and overall market share in wealth management.
    • Regulatory Compliance Costs: Extensive financial services regulations require continuous investment in compliance systems, risk management, and reporting, pressuring operating margins and profitability across all operating jurisdictions.
    • Interest Rate Sensitivity: The company`s banking operations and net interest income are sensitive to interest rate changes, creating potential headwinds during periods of declining or volatile rates and shifting monetary policy decisions.

    Final thoughts on Raymond James Financial

    Raymond James Financial`s independent platform, diversified business model, and strong advisor network create compelling opportunities for investors seeking wealth management exposure. The company`s conservative risk management and client-focused approach provide strong competitive differentiation and defensive characteristics during volatile market cycles globally. However, market sensitivity, competitive pressures, and regulatory costs warrant careful evaluation of industry dynamics and long term execution capabilities across markets.

  • Macquarie Group (AX:MQG)

    Macquarie Group is a global financial services company specializing in investment banking, asset management, and infrastructure financing solutions for clients worldwide. The company was founded in 1969 and is headquartered in Sydney, Australia, with a strong and well established global presence. Over the decades, Macquarie has expanded its presence worldwide, becoming one of the leading financial institutions with operations in over 30 countries globally.

    Macquarie Group's core business focuses on asset and wealth management, investment banking, and capital markets advisory services for clients globally. It is known for its expertise in infrastructure and renewable energy investments, playing a significant role in financing major projects worldwide. The firm also provides corporate advisory services, risk management solutions, and multi-asset trading for institutional and corporate clients around the globe.

    Macquarie Group financial statements

    Analysts recommendation: N/A

    Financial Health

    • Return on assets (ROA): 0.97%
    • Return on equity (ROE): 13.2%
    • Return on investment (ROI): N/A

    Profitability

    • Gross margin: 0%
    • Operating margin: 25.2%
    • Net profit margin: 23.29%

    Growth

    • EPS (past 5 years): N/A
    • EPS (current): 10.98
    • EPS estimate (next quarter): N/A
    • EPS growth (this year): -37.4%
    • EPS growth (next year): N/A
    • EPS growth (next 5 years): N/A
    • EPS growth (quarter-over-quarter): N/A
    • Sales growth (past 5 years): N/A
    • Sales growth (quarter-over-quarter): -8.2%

    💡 Why invest in Macquarie Group?

    Macquarie Group shows compelling qualities that make it stand out in its market sector for potential long-term investors:

    • Infrastructure Leadership Strength: Macquarie is a recognized global market leader in infrastructure and renewable energy investments, strategically positioned to benefit from growing worldwide demand in these critical sectors globally.
    • Diversified Business Model: The group operates across multiple financial services sectors including asset management, investment banking, and capital markets, effectively reducing reliance on any single revenue stream significantly.
    • Strong Capital Management: Macquarie's exceptionally robust capital position, disciplined financial management practices, and prudent risk assessment capabilities strongly support sustainable long-term growth and shareholder returns.
    • Proven Track Record: The company has an impressive history of delivering strong financial performance over multiple decades, with consistent growth in assets under management, earnings stability, and successful market expansion globally.

    🐌 Key considerations before investing in Macquarie Group

    However, investors should carefully consider the challenges and risks facing Macquarie Group in its competitive landscape:

    • Economic Sensitivity Exposure: The group's financial performance is closely tied to global economic conditions and market cycles, making it particularly vulnerable to economic downturns, market volatility, and changes in investor sentiment.
    • Regulatory Compliance Complexity: Operating across multiple international jurisdictions exposes Macquarie to complex, evolving regulatory environments and compliance requirements, which could significantly impact operations and profitability.
    • Market Cycle Exposure: Some of the group's key businesses, particularly in capital markets and trading operations, are inherently cyclical and may experience significant revenue fluctuations based on market conditions globally today.
    • High Valuation Risks: As a premium financial services provider with strong market positioning, Macquarie's shares may trade at higher valuations, which could limit upside potential during challenging market conditions significantly.

    Final thoughts on Macquarie Group

    Macquarie Group is a global powerhouse in financial services, known for its leadership in infrastructure and renewable energy investments and a diversified business model. Its disciplined capital management and consistent growth make it an attractive choice for investors seeking exposure to high-quality financial institutions. However, economic sensitivity, regulatory challenges, and exposure to market cycles are important considerations for those evaluating an investment in the company.

  • Charles Schwab (NYSE:SCHW)

    The Charles Schwab Corporation is a leading financial services company that provides investment, banking, and wealth management solutions to individual investors and institutions. The company was founded in 1971 by Charles Schwab and is now headquartered in Westlake, Texas, serving millions of clients nationwide. Over the decades, Schwab has become one of the largest and most trusted brokerage firms in the United States, known for low-cost investing.

    Schwab`s core business includes brokerage services, trading platforms, financial advisory, and comprehensive asset management solutions for individual and institutional clients. The company offers commission-free trading on stocks and ETFs, a wide range of mutual funds, and retirement planning services for investors. Schwab also provides banking services through its subsidiary, including checking and savings accounts, and continues to lead with technology-driven solutions.

    Charles Schwab financial statements

    Analysts recommendation: 1.62

    Financial Health

    • Return on assets (ROA): 1.77%
    • Return on equity (ROE): 18.11%
    • Return on investment (ROI): 11.03%

    Profitability

    • Gross margin: 97.41%
    • Operating margin: 50.19%
    • Net profit margin: 37%

    Growth

    • EPS (past 5 years): 2.26%
    • EPS (current): 4.65
    • EPS estimate (next quarter): 1.37
    • EPS growth (this year): 41.8%
    • EPS growth (next year): 17.53%
    • EPS growth (next 5 years): 27.2%
    • EPS growth (quarter-over-quarter): 77.51%
    • Sales growth (past 5 years): 17.15%
    • Sales growth (quarter-over-quarter): 18.9%

    💡 Why invest in Charles Schwab?

    Charles Schwab offers compelling strengths for investors seeking exposure to its market sector and long-term growth potential:

    • Diverse Revenue Streams: Schwab generates substantial income from multiple sources including brokerage services, banking operations, financial advisory, and asset management, ensuring financial stability and reduced dependency for investors.
    • Market Leadership Excellence: As a trusted name in financial services with decades of proven track record, Schwab benefits from strong market reputation, extensive brand recognition, and a highly loyal, growing client base globally today.
    • Investor Focused Features: The comprehensive platform provides extensive market research, sophisticated educational tools, commission-free trading on stocks and ETFs, and advanced analytics, empowering informed investment decisions.
    • Strong Financial Position: Schwab`s consistent profitability, robust balance sheet, substantial capital reserves, and prudent risk management make it a reliable and stable investment option for long-term growth-oriented investors globally.

    🐌 Key considerations before investing in Charles Schwab

    Before investing in Charles Schwab, consider these headwinds that could impact future performance and investment returns:

    • Interest Rate Exposure: A significant portion of revenue comes from net interest income and banking operations, making Schwab vulnerable to interest rate fluctuations, Federal Reserve policy changes, and broader economic conditions.
    • Competitive Intensity Pressure: Schwab faces pressure from fintechs, established institutions, and digital platforms that challenge market share, fees, and pricing power across brokerage, banking, advisory, and asset management services.
    • Operational Challenges Risk: The company has faced challenges integrating major acquisitions, particularly the TD Ameritrade merger, which may lead to operational inefficiencies and technology integration issues affecting performance.
    • Regulatory Risks Exposure: As a major financial institution managing substantial client assets, Schwab faces strict regulatory oversight that can constrain operations, increase costs, and impact profitability across business units significantly.

    Final thoughts on Charles Schwab

    The Charles Schwab Corporation is a cornerstone of the financial services industry, offering a comprehensive range of investment and advisory solutions. Its market leadership, financial strength, and focus on client-centric features make it an attractive investment choice for long-term growth investors. However, exposure to interest rate fluctuations and integration challenges highlight the need for careful monitoring of its operational performance metrics.

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