Charles Schwab posts record net new assets and higher earnings in Q3 2026
Charles Schwab reported a record $190.4 billion in core net new assets for the quarter, with net income rising to $2.9 billion.
Charles Schwab announced that its third-quarter core net new assets hit a record $190.4 billion, up 38% from a year earlier, bringing total client assets to $13.33 trillion. The firm generated $2.9 billion in net income, or $1.62 per share, and after adjusting for transaction-related costs reported $3.0 billion, or $1.69 per share. Revenue rose to $7.18 billion, exceeding analyst expectations.
Daily trading volume increased 44% to 10.7 million trades, and trading revenue grew 16% to $1.2 billion. Margin loan balances and bank loan balances also rose, while the company repurchased 4.7 million shares for $0.5 billion.
Why it matters
The results show Schwab's strong growth in assets and earnings, signaling confidence in its brokerage and banking services.
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