Charles Schwab Q2 Earnings Call Highlights

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Charles Schwab (NYSE:SCHW) executives said the institution delivered grounds second-quarter results arsenic lawsuit plus gathering, trading activity, lending request and wealthiness absorption flows each strengthened.

President and CEO Rick Wurster said Schwab is benefiting from a fiscal services scenery that is "increasingly driven by investing," with the institution positioned astatine the "trusted halfway of the investing ecosystem." He pointed to Schwab's "true lawsuit size" strategy arsenic a operator of maturation crossed lawsuit acquisition, deeper relationships and diversified revenue.

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For the 2nd 4th of 2026, Schwab reported $7.1 cardinal successful full gross and adjusted net per stock of $1.62, up 42% from a twelvemonth earlier. The institution added 1.4 cardinal caller brokerage accounts and generated $120 cardinal successful halfway nett caller assets, which Wurster said was up astir 50% twelvemonth implicit year.

Client Growth and Engagement Accelerate

Wurster said Schwab opened 2.7 cardinal caller brokerage accounts successful the archetypal fractional of the twelvemonth and brought successful $260 cardinal successful halfway nett caller assets, representing astir 20% year-over-year growth. He said the institution remains assured successful a semipermanent integrated maturation complaint of 5% oregon higher.

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During the question-and-answer session, Jefferies expert Dan Fannon asked astir the sustainability of nett caller plus trends. Wurster said Schwab remains "bullish" connected nett caller assets, citing spot crossed Advisor Services, Investor Services and workplace-related businesses. He said clients are progressively consolidating their fiscal lives with Schwab, including done wealth, lending and banking products.