Schwab Reports Record Revenue and Highlights Growth Drivers for Long-Term Investors
On October 15, 2026, Charles Schwab (SCHW) reported record quarterly net revenue of $7.2 billion and adjusted earnings per share of $1.69 during its fall business update call. The firm highlighted three key areas driving long-term growth: artificial intelligence enhancing developer productivity by 25%, strong organic inflows in wealth management with $190 billion in core new assets, and high-margin secured lending contributing to a 14% year-over-year increase in net interest revenue to nearly $3.5 billion. Schwab's AI initiatives are improving client engagement while reducing overhead costs, allowing reinvestment into tools for customers. The wealth management segment saw record managed investing flows of $24 billion and bank lending reaching $72 billion, up 35% year-over-year. Additionally, secured lending programs such as margin loans have boosted net interest income significantly. Looking ahead, Schwab expects continued strong client engagement to drive growth in the fourth quarter across its platform, particularly in trading and lending services.
Topics: artificial_intelligence net_interest_income wealth_management