Schwab Q2 EPS $1.62 Crushes Estimates; Record Revenue, Trading Volume
SCHW sits 22% above its 52-week low of $83.96 on light trading volume (0.2× avg).
Summary
Schwab delivered a standout Q2, with EPS of $1.62 beating the $1.56 consensus and revenue hitting a record $7.1B, up 20% YoY. The beat was driven by surging client activity: net new assets soared 62% to $120B, daily average trades jumped 57% to a record 11.9M, and 1.4M new brokerage accounts were opened. Total client assets reached $13.08T, up 22% YoY, while bank loan balances grew 33% to $67B, reflecting successful diversification into lending and wealth management. The company also provided forward guidance, expecting full-year revenue to increase by 17.5% to 18.5% versus the prior year. This follows the earlier Dow Jones report of a 32% profit surge, but adds granular metrics that underscore broad-based momentum. The stock, trading near its 52-week high, may see further upside as these numbers exceed already raised guidance from May.
At the time of this announcement, SCHW was trading at $102.83 on NYSE in the Finance sector, with a market capitalization of approximately $178.8B. The 52-week trading range was $83.96 to $107.50. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BayStreet.