The Charles Schwab Corporation

(New York Stock Exchange)
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Very Bullish +85

Schwab Delivers Record Net New Assets & Earnings

Earnings report New AI features New cooperation AI-generated analysis

πŸ“ˆ Schwab reported record quarterly core net new assets of $190.4 billion, up 38% year-over-year.

πŸ’° Net revenues reached a record $7.2 billion, reflecting a 17% increase compared to the prior year.

πŸš€ GAAP earnings per share hit $1.62, marking a 29% year-over-year growth to a record high.

🏦 Total client assets increased 15% year-over-year to reach $13.33 trillion.

πŸ“Š Schwab Wealth Advisory net flows grew significantly by 55% compared to the previous quarter.

πŸ’» Daily average trading volume surged 44% to 10.7 million shares, indicating strong market engagement.

πŸ€– The company launched Charley, a new AI-powered assistant providing conversational access to tools for U.S. retail clients.

🀝 Schwab partnered with Anthropic to bring Claude for Financial Advisors directly to independent RIAs.

πŸ† Schwab was recognized as one of Fortune's 2026 Most Innovative Companies for its technological advancements.

πŸ“‰ Net interest margin expanded quarter-over-quarter to 3.04%, supporting overall profitability.

πŸ’Έ The company repurchased 4.7 million shares worth $500 million during the quarter.

πŸ“ˆ Bank loan balances grew 35% year-over-year to $72.3 billion, strengthening lending operations.

Bullish Signals
  • Schwab delivered record quarterly core net new assets of $190.4 billion, a 38% increase year-over-year.
  • Net revenues reached a record $7.2 billion, up 17% year-over-year, driven by deeper client engagement.
  • GAAP earnings per share hit a record $1.62, representing a 29% increase versus the prior year.
  • Total client assets grew 15% year-over-year to $13.33 trillion, demonstrating strong asset gathering.
  • Schwab Wealth Advisory net flows increased 55%, highlighting robust demand for wealth management solutions.
  • Daily average trading volume rose 44% to 10.7 million shares, reflecting sustained client activity.
  • Asset management and administration fees grew 14% year-over-year to $1.9 billion due to organic growth.
  • The company successfully launched Charley, an AI assistant, and partnered with Anthropic for financial advisors.
  • Net interest margin expanded quarter-over-quarter to 3.04%, improving the yield on interest-earning assets.
  • Schwab was recognized as one of Fortune's 2026 Most Innovative Companies, validating its strategic direction.
Full Analysis
The Charles Schwab Corporation reported record financial results for the third quarter of 2026, driven by a diversified business model and strong client engagement. Net revenues reached a record $7.2 billion, representing a 17% year-over-year increase, while GAAP earnings per share hit $1.62, up 29% from the prior year. Adjusted EPS stood at $1.69 after excluding $151 million in pre-tax transaction-related costs. Core net new assets surged to $190.4 billion, a 38% increase year-over-year, as clients opened 1.2 million new brokerage accounts. Total client assets grew 15% to $13.33 trillion, reflecting robust inflows into wealth advisory solutions which saw net flows increase by 55%. Trading activity remained vigorous with daily average volume rising 44% to 10.7 million shares. Schwab expanded its technological capabilities and strategic partnerships during the quarter, launching Charley, an AI-powered assistant for retail clients, and integrating Claude for Financial Advisors through a partnership with Anthropic. The company also announced single stock futures on its thinkorswim platform and was recognized as one of Fortune's 2026 Most Innovative Companies. Financial health remained strong with net interest margin expanding to 3.04% quarter-over-quarter and capital ratios holding steady at 8.9% for Tier 1 Leverage. The company repurchased $500 million in shares and maintained a diversified revenue stream across banking, asset management, and trading services.