Charles Schwab Corp. (SCHW.US) shares are up almost 4% in premarket trading Friday, briefly brushing its record closing high of $96 set back in January 2022. The rally came after Schwab posted better-than-expected earnings and revenue for Q2, fueled by a notable resurgence in retail trading activity and a significant inflow of new accounts.
- For the quarter ending June 30, net income came in at $1.98 billion, or $1.08 per share. While down from a year-ago spike of $4.69 billion (or $5.85 per share), the figure still topped analyst expectations. On an adjusted basis, Schwab reported earnings of $1.14 per share, beating the FactSet consensus estimate of $1.10. Total revenue also impressed, rising to a record $5.85 billion, up from $4.69 billion last year and surpassing Wall Street’s $5.73 billion forecast.
- One of the standout metrics for the quarter was a 23% surge in trading revenue, which hit $952 million. The jump reflects intensified market engagement during April’s dramatic equity pullback—dubbed by some as “Liberation Day,” when markets were jolted by a flurry of macroeconomic and geopolitical crosswinds. That Q2 volatility boosted Schwab’s transactional volumes and profits.
- Schwab's client acquisition engine showed no signs of fatigue. The company reported over 1 million new brokerage accounts opened during the quarter. It's a significant figure by any measure—even for one of the largest retail brokerages in the world. Additionally, the firm attracted $80.3 billion in core net new assets, a 31% increase year-over-year. This influx helped push Schwab’s total client assets to a record $10.76 trillion, reflecting 14% annual growth.
SCHW.US, D1 interval
Through Thursday’s close, Schwab’s stock had gained almosg 26% year-to-date—significantly outperforming both the S&P 500 index and the Financial Select Sector SPDR ETF. The return of active traders, alongside strong account growth and record assets, paints a picture of a firm well-positioned to benefit from both volatility-fueled trading spikes and long-term wealth management flows. As for now, shares in pre-market are higher than during the 2021 high.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app
Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
