The Charles Schwab Corporation reports developments across its financial services platform, including securities brokerage, wealth management, banking, asset management, custody, and advisory services for individual investors and independent investment advisors. Company updates commonly address digital investing tools, client education initiatives, brokerage account offerings, market and trading activity research, and services delivered through Charles Schwab & Co., Charles Schwab Bank, and Schwab Advisor Services.
Schwab news also covers capital actions such as common and preferred stock dividends, preferred share redemptions, and other balance-sheet activity. Recurring corporate themes include technology and data capabilities, retail client engagement, financial literacy programs, community initiatives, and updates tied to the company’s publicly traded common stock and preferred depositary shares.
Morgan Stanley (MS) reported record third-quarter Wealth Management net revenues of $9.1 billion as client money flowed into financial firms. Its wealth business recorded $232.4 billion in net new assets, $80.5 billion in fee-based flows and a 30.4% pre-tax margin. Client assets across wealth and investment management reached $10.5 trillion.
Schwab (SCHW) reported record quarterly core net new assets of $190.4 billion, up 38% year over year. BlackRock (BLK) reported $205 billion in third-quarter net inflows and $15.5 trillion in assets under management at September 30. Robinhood (HOOD) reported second-quarter retirement assets under custody of $34.5 billion, up 82% year over year. LPL Financial (LPLA) recorded $13.5 billion in organic net new assets in August. These figures accompanied a UBS estimate that the United States added more than 440,000 millionaires in 2025.
Charles Schwab (SCHW) reported record third-quarter 2026 diluted earnings of $1.62 per share, up 29% from the prior-year quarter. Net revenues rose 17% to $7,171 million, and GAAP net income increased 23% to $2,906 million. Core net new assets reached a record $190.4 billion, up 38% year-over-year, while total client assets increased 15% to $13.33 trillion.
GAAP pre-tax profit margin widened to 52.7% from 49.2%. Net interest margin expanded quarter-over-quarter to 3.04%, and client transactional sweep cash increased $7.1 billion to $492.8 billion. Quarterly GAAP expenses increased 9% year-over-year. Adjusted earnings, excluding $151 million of pre-tax transaction-related costs, were $1.69 per share. Schwab repurchased 4.7 million common shares for $0.5 billion. For the first nine months, revenue rose 18% to $20,725 million and GAAP diluted earnings increased 36% to $4.53 per share.
Charles Schwab (SCHW) released survey findings showing six in 10 cryptocurrency investors plan to increase their holdings over the next 12 months. That exceeds the shares of owners planning to add ETFs (56%), stocks (52%), bonds (42%) or mutual funds (41%).
The 2026 Modern Wealth Survey found that 21% of Americans own cryptocurrency and 23% do not own it but are interested. Among Americans familiar with cryptocurrency, 52% consider it important or essential to building wealth, while 43% expect it to become more popular. Long-term growth potential (36%) and portfolio diversification (33%) are the leading reasons for ownership or interest.
Millennials have the highest ownership rate at 33%, and 64% plan to add more over the next year. Among Americans familiar with cryptocurrency, 52% rate it high risk. Nonowners cite concerns about scams or fraud (48%), lack of understanding (39%) and lack of regulation (34%) as their leading barriers.
Charles Schwab (SCHW) reported that its Trading Activity Index rose to 58.92 in September, reflecting client stock positions and trading activity. The August score was 57.50. Exchange-traded funds (ETFs) accounted for five of the top 10 buys for the first time, and seven of 11 S&P 500 sectors recorded net buying.
A separate survey of more than 450 clients showed bullishness falling to 17% from 22% month-over-month, while bearishness rose to 50% from 38%. Roughly 76% expected at least one additional Federal Reserve rate hike before year-end, and 83% viewed a return to the Fed’s 2% inflation target before the end of 2027 as unlikely.
Charles Schwab (NYSE: SCHW) will begin a secondary listing on the Texas Stock Exchange at market open on October 7, 2026. Its common stock will trade under SCHW on TXSE, while its primary listing will remain on the New York Stock Exchange.
Schwab says the listing supports competition and choice in U.S. capital markets. Headquartered in Westlake, Texas, Schwab was among TXSE’s original investors. A closing bell ceremony celebrating the listing is scheduled for October 26, 2026.
Charles Schwab (SCHW) announced Charley, a generative AI assistant that will begin a phased rollout to eligible U.S. retail clients in October.
Available through the existing chat entry point on Schwab.com and Schwab Mobile, Charley will accept voice or text questions, provide information, support select account actions and connect clients with a Schwab representative. Launch capabilities include updating watchlists, enrolling eligible securities in dividend reinvestment and adding beneficiaries. Schwab plans to expand access to additional client groups and enhance Charley’s capabilities over time. Employees tested the assistant in a pilot earlier this year.
Charles Schwab (SCHW) has scheduled a Fall Business Update for institutional investors on Thursday, October 15, delivered via a live public webcast.
The program will run from 7:30–8:30 a.m. CT (8:30–9:30 a.m. ET) and will cover recent developments and management’s strategic focus areas. Presenters will include President and CEO Rick Wurster and CFO Mike Verdeschi. The webcast will be accessible at https://schwabevents.com/corporation.
Charles Schwab (SCHW) reported record August 2026 core net new assets of $64.8 billion, up 46% versus August 2025 and 12% versus July 2026.
Total client assets reached $13.41 trillion at month-end, rising 19% year-over-year and 3% month-over-month. New brokerage accounts opened were 424,000, an increase of 11% from August 2025 and 2% from July. Margin loan balances ended August at $177.6 billion, up 58% from year-end 2025 and 92% year-over-year, while client daily average trades were 9.8 million, down 16% from July but up 37% from August 2025. Transactional sweep cash finished at $483.3 billion, up $6.5 billion for the month and 19% year-over-year, and active brokerage accounts totaled 40.1 million as of August 31, 2026.
Charles Schwab (SCHW) is working with Anthropic to bring Claude for Financial Advisors, an AI-powered suite of connectors and workflow skills, directly to the 16,000-plus independent RIAs served by Schwab Advisor Services.
The offer is designed to help advisors with research, meeting preparation, financial plan updates, analytics, and drafting client communications, while integrating with existing tools such as CRM, custody, portfolio reporting, financial and estate planning, and meeting platforms. RIAs will be able to access Schwab Advisor Center through Claude via an authenticated connection, and Schwab Advisor Services is currently the only RIA custodian integrated into Claude for Financial Advisors. Anthropic will showcase these capabilities with Schwab at the IMPACT 2026 conference.
Charles Schwab Bank (SCHW) and The DEC Network are expanding their partnership with Create Fort Worth, a new innovation center for entrepreneurs and small businesses in North Texas.
The Fort Worth location will increase access to in-person business and financial education, mentorship, and community connections, extending The DEC Network’s physical presence beyond Dallas. The collaboration builds on a partnership that already supports more than 9,000 entrepreneurs annually and follows Schwab’s 2025 naming-rights sponsorship of The DEC Network’s RedBird center.
Since partnering with Charles Schwab Bank, The DEC Network has helped launch more than 5,000 businesses, create or sustain over 1,700 jobs, and connect entrepreneurs with more than $3.4 million in capital. Schwab highlights this initiative as part of a broader North Texas commitment that includes over $1 billion in community development investments, more than $200 million in affordable housing, support for nearly 7,000 small businesses, more than $5 million in local nonprofit grants in 2025, and nearly 35,000 employee volunteer hours in 2025.