Schwab expanded its product suite by adding single stock futures to the thinkorswim platform and partnering with Anthropic to provide Claude for Financial Advisors to independent registered investment advisors. The firm also launched an AI assistant called Charley and spent $0.5B to repurchase 4.7M shares of common stock. Daily average trades rose 44% year over year to 10.7M, though net interest revenue of $3.48B was $40M below the $3.52B consensus.
Tuesday, October 20, 2026
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Charles Schwab Posts Record $192.4B Net New Assets in Q3 Beat
Earnings6 days ago
The broker reported adjusted earnings of $1.69 per share, surpassing the $1.66 projection for the recent quarter. Charles Schwab brought in record total net new assets of $192.4B, exceeding the $175.06B analyst estimate by $17.3B, while net income grew 23% year over year to $2.91B. Net revenue for the period was $7.17B, which missed one target of $7.19B, and total client assets reached $13.33T.
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