Charles Schwab reported record quarterly core net new assets and expanded its net interest margin, though net interest revenue fell slightly short of analyst projections. While total net revenues reached a record $7.2 billion, the firm saw significant momentum in client engagement with daily trading volumes increasing 44% year-over-year.
Key Highlights
- Core net new assets reached a record $190.4 billion, representing a 38% increase over the third quarter of 2025.
- Adjusted earnings per share of $1.69 beat expectations, driven by higher asset management fees and robust trading activity.
- Net interest margin expanded sequentially to 3.04%, with client transactional sweep cash balances ending the quarter at $492.8 billion.
- Asset management and administration fees grew 14% year-over-year to $1.9 billion as clients increased utilization of wealth and advisory solutions.