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Charles Schwab Surges with Record Earnings and New Accounts

10/16/2025

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Summary

Story summary

Charles Schwab Corp. reported strong third-quarter earnings, beating estimates due to increased retail investing.
The company added over 1 million new brokerage accounts, reaching 45.7 million.
Total client assets reached a record $11.59 trillion, with net income of $2.4 billion and $1.26 per share.
Schwab repurchased 28.9 million shares for $2.7 billion and plans to offer cryptocurrency trading by mid-2026.

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Story summary

Charles Schwab Corp. reported strong third-quarter earnings, beating estimates due to increased retail investing.
The company added over 1 million new brokerage accounts, reaching 45.7 million.
Total client assets reached a record $11.59 trillion, with net income of $2.4 billion and $1.26 per share.
Schwab repurchased 28.9 million shares for $2.7 billion and plans to offer cryptocurrency trading by mid-2026.