Charles Schwab Corporation (NYSE:SCHW) delivered solid Q2 results, beating expectations on both revenue and EPS. The company also raised full-year guidance for both revenue and net interest margin (NIM). Core net new assets remained strong, with $80.3 billion in inflows and 1.1 million new accounts opened during the quarter. Notably, around 60% of new-to-firm clients were under the age of 40, reflecting Schwab’s growing appeal to younger investors—potentially more receptive to new offerings like crypto ETFs.
Trading activity continues to trend high, though most volume still occurs during regular market hours despite Schwab’s 24/5 trading availability. Management acknowledged the fast-evolving landscape, including developments like tokenization, but reiterated their commitment to a data-driven, disciplined approach grounded in regulatory clarity and long-term investing principles.
For more details, key highlights, and commentary, check out the high-level earnings summary.
