Key Points – Charles Schwab posted record Q2 results, with revenue rising 21% to $7.1 billion and adjusted EPS up 42% to $1.62.
The company also added 1.4 million new brokerage accounts and generated $120 billion in core net new assets. – Client growth and trading activity were strong, with 11.9 million daily average trades and trading revenue up 28% to $1.2 billion
Schwab said clients are increasingly consolidating their wealth, lending and banking relationships with the firm. – Management raised its 2026 outlook, now expecting full-year revenue growth of 17.5% to 18.5% and organic growth of 5%. The company also highlighted expanding advice, lending, AI and crypto initiatives as future growth drivers. – Robinhood, SoFi, and Webull Are Telling Very Different Stories Charles Schwab (NYSE:SCHW) executives said the company delivered record second-quarter results as client asset gathering, trading activity, lending demand and wealth management flows all strengthened. President and CEO Rick Wurster said Schwab is benefiting from a financial services landscape that is “increasingly driven by investing,” with the company positioned at the “trusted center of the investing ecosystem.” He pointed to Schwab’s “true client size” strategy as a driver of growth across client acquisition, deeper relationships and diversified revenue. – The Volatility Harvester That Thrives in Market Chaos For the second quarter of 2026, Schwab reported $7.1 billion in total revenue and adjusted earnings per share of $1.62, up 42% from a year earlier.
The company added 1.4 million new brokerage accounts and generated $120 billion in core net new assets, which Wurster said was up nearly 50% year over year. Client Growth and Engagement Accelerate Wurster said Schwab opened 2.7 million new brokerage accounts in the first half of the year and brought in $260 billion in core net new assets, representing nearly 20% year-over-year growth. He said the company remains confident in a long-term organic…