Charles Schwab(NYSE) SCHW

The Charles Schwab Corporation helps people and experts manage their money. It makes it easy to buy stocks and save for retirement. The company also handles everyday banking and mortgage loans for clients.

Helping People Manage Their Money

• Investor Services: Retail brokerage, investment advice, and banking services for individuals; also provides retirement planning and business services to employees and companies.
• Advisor Services: Custodial, trading, and support services for independent registered investment advisors (RIAs); RIAs are professional firms that manage money on behalf of clients.
• Banking Products: Checking accounts, savings accounts, and residential mortgages provided through the company's banking subsidiaries.
• Asset Management: Management of proprietary mutual funds and exchange-traded funds (ETFs); ETFs are investment funds that trade on stock exchanges like individual stocks.

New Tools and Strategic Deals

• Acquired Forge Global Holdings, Inc. on March 2, 2026, to provide clients with private market investment and trading capabilities.
• Launched a phased rollout of Schwab Crypto in May 2026 to give retail clients direct access to bitcoin and ether trading.
• Increased the quarterly common stock dividend by 19% to $0.32 per share during the first quarter of 2026.
• Expanded lending solutions to meet growing client demand for pledged asset lines and residential real estate mortgage loans.

The Power of Scale

The company manages $13.08 trillion in client assets as of June 30, 2026, across 39.8 million active brokerage accounts. Its significant scale allows it to focus on a strategy of low costs and superior service to attract new customers and grow its market share.

By the Numbers

• Total net revenues reached $7.1 billion in the second quarter of 2026, up 21% year over year.
• Net income rose to $2.8 billion for the three-month period ended June 30, 2026, a 32% increase year over year.
• Daily average trades hit 11.9 million in the second quarter of 2026, up 57% year over year.
• Adjusted diluted earnings per share was $1.62 in the second quarter of 2026, up 42% year over year.
• Active brokerage accounts grew to 39.8 million as of June 30, 2026, a 6% increase from the prior year.

A Financial One-Stop Shop

Schwab has evolved into a major financial services provider for both individual investors and professional money managers. Its expansion into digital assets and private markets shows its ability to adapt to changing investor demands while maintaining a large banking and brokerage footprint.