Charles Schwab reveals Federal Reserve’s 2025 Capital Assessment Results

Charles Schwab Corporation recently announced its financial results for the third quarter of the year. The company reported a net income of $1.07 billion for the quarter ending September 30, representing a 33% increase compared to the same period last year. This growth in net income was driven by strong performance across all of Schwab’s business segments.

Total client assets reached $7.03 trillion, a 52% increase year-over-year, while total client assets enrolled in advisory services surpassed $500 billion for the first time. Schwab also reported a record number of new brokerage accounts opened during the quarter, with 1.35 million new accounts added, a 38% increase year-over-year. Additionally, the company saw a 31% increase in new brokerage accounts funded in the quarter compared to the same period last year.

The Chief Financial Officer of Charles Schwab Corporation expressed satisfaction with the company’s performance, highlighting the growth in new accounts and assets across all business segments. He attributed this success to the company’s continued focus on providing quality service and innovative solutions to its clients.

Schwab’s net interest revenue for the quarter reached $2.4 billion, a 3% increase compared to the previous quarter. The company’s net interest margin was 2.09%, a slight decrease from the previous quarter but higher than the same period last year. Schwab also reported a 69% increase in revenue from asset management and administrative fees, driven by growth in advisory solutions and mutual fund fees.

The company continues to invest in its digital platforms and technology to enhance the client experience and provide innovative solutions. Schwab’s CEO stated that the company remains committed to its clients and focused on delivering value through its products and services. He emphasized the importance of maintaining a client-centric approach and adapting to meet the changing needs of investors.

Charles Schwab Corporation’s financial results for the third quarter reflect continued growth and success across its business segments. The company’s strong performance in net income, client assets, new accounts, and revenue highlights its ability to adapt to market conditions and provide value to its clients. With a focus on innovation and quality service, Schwab is well-positioned to continue its growth and success in the future.