Core Insights - Charles Schwab's Q2 earnings exceeded market expectations, driven by record client asset levels and increased trading revenue [1] - The adjusted earnings per share reached $1.14, surpassing the market forecast of $1.10, with net revenue of $5.85 billion, reflecting a year-over-year growth of 24.7% [1] - Total client assets grew by 14% year-over-year to $10.76 trillion, marking a new record [1] - Trading revenue surged by 23% year-over-year to $952 million [1] Client Activity - The company added over 1 million brokerage accounts during the quarter, indicating strong demand from both retail investors and registered investment advisors [1] - The net new asset growth was $73.6 billion, slightly below analyst expectations [1] - Daily average revenue trades reached 7.57 million, just above market predictions [1] Margin and Leverage - The margin balance remained stable at $83.4 billion, with investors selectively increasing leverage following market recovery after April's volatility [2] - The number of new brokerage accounts increased by 11% year-over-year to 1.1 million [2] - Client trading settlement cash stood at $412.1 billion, allowing the company to reduce high-cost bank financing by $10.4 billion, bringing the balance down to $27.7 billion [2]

Key Performance Highlights - Core Net New Assets (NNA) reached $80.3 billion in 2Q25, a 31% increase compared to 2Q24's $61.2 billion[8, 17] - Year-to-date (YTD) core NNA totaled $218.0 billion, up 39% versus the prior year[8] - The company opened 1.1 million new brokerage accounts, bringing the total client accounts to 45.2 million[8, 17] - Daily Average Trades (DATs) were 7.6 million, and margin balances stood at $83.4 billion[8] Financial Results - Second quarter GAAP Earnings Per Share (EPS) reached a record of $1.08, with an adjusted EPS of $1.14[8] - Total net revenues for 2Q25 increased by 25% year-over-year to $5.9 billion[8, 22] - Net Interest Revenue (NIR) grew by 31% compared to 2Q24[44] - Asset Management and Administration Fees (AMAF) increased by 14% compared to 2Q24[44] - Trading revenue increased 23% due to higher trading volumes[44] - The company's adjusted pre-tax profit margin expanded to 50.1% in 2Q25[42, 48] Balance Sheet and Capital Management - Bank Supplemental Funding was reduced by approximately $10 billion from 1Q25 to approximately $28 billion[42] - The company redeemed approximately $2.5 billion of Series G preferred stock[57] - The company repurchased 3.9 million shares of common stock for $351 million[57]

智通财经7月18日电，嘉信理财(SCHW)二季度日均交易量达757万笔，超出市场预期的751万笔；每股 收益为1.08美元。 ...

Core Viewpoint - Schwab's average daily trading volume for the second quarter was 7.57 million trades, exceeding market expectations of 7.51 million trades [1] Company Summary - Schwab reported an average daily trading volume of 7.57 million for the second quarter [1] - The market had anticipated a lower trading volume of 7.51 million [1]

The Charles Schwab Corporation SCHW will release earnings results for the second quarter, before the opening bell on Friday, July 18.Analysts expect the Westlake, Texas-based company to report quarterly earnings at $1.07 per share, up from 73 cents per share in the year-ago period. Charles Schwab projects to report quarterly revenue at $5.64 billion, compared to $4.69 billion a year earlier, according to data from Benzinga Pro.On April 17, Charles Schwab reported better-than-expected first-quarter financial ...

Core Viewpoint - Charles Schwab (SCHW) is expected to report increased earnings and revenues for Q2 2025, driven by strong asset management performance and higher net interest revenues, despite rising expenses acting as a headwind [1][10]. Group 1: Earnings and Revenue Expectations - The earnings consensus estimate for Schwab has been revised upward by 1.9% to $1.08 per share, indicating a 48% increase year-over-year [13]. - The sales consensus estimate is pegged at $5.67 billion, suggesting a 20.8% rise compared to the previous year [13]. Group 2: Factors Influencing Q2 Performance - Trading revenues are anticipated to rise by 19.5% year-over-year, with estimates at $928.7 million, supported by solid client activity and market volatility [4][10]. - Net interest revenues (NIR) are expected to surge by 26.5% to $2.73 billion, aided by higher yields on interest-earning assets [6][10]. - Asset management and administration fees are projected to grow by 12.9% to $1.56 billion, driven by strong equity market performance and increased advisory assets [7][10]. Group 3: Expense Outlook - Operating expenses are expected to increase by 6.2% year-over-year to $3.12 billion, influenced by regulatory spending, strategic acquisitions, and marketing efforts [8].

Core Insights - Analysts project that The Charles Schwab Corporation (SCHW) will report quarterly earnings of $1.08 per share, reflecting a 48% year-over-year increase. Revenues are expected to reach $5.67 billion, marking a 20.8% increase from the same quarter last year [1]. Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been revised upward by 2.2%, indicating a collective reassessment by covering analysts [2]. - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Key Financial Metrics - Analysts estimate 'Net Revenues - Net interest revenue' at $2.73 billion, a 26.5% increase from the previous year [5]. - 'Net Revenues - Other' is projected to be $212.08 million, reflecting a 3.2% decrease from the prior year [5]. - 'Net Revenues - Bank deposit account fees' are expected to reach $243.02 million, indicating a significant increase of 58.8% from the prior year [5]. - 'Net Revenues - Asset management and administration fees' are forecasted at $1.56 billion, a 12.9% increase year-over-year [6]. - Total client assets are projected to reach $10,444.09 billion, up from $9,407.50 billion a year ago [6]. Client Activity and Assets - 'Clients' Daily Average Trades (DATs)' are expected to be 7.15 million, compared to 5.49 million in the previous year [7]. - 'Average Interest Earning Assets' are projected to be $421.33 billion, slightly up from $418.97 billion year-over-year [7]. - 'Average Client Assets - Total managed investing solutions' are estimated at $686.27 million, compared to $635.92 million in the same quarter last year [8]. - 'Average Client Assets - Mutual Fund OneSource and other no-transaction-fee funds' are expected to reach $349.81 million, up from $338.20 million year-over-year [8]. - 'Average Client Assets - Schwab equity and bond funds, ETFs, and CTFs' are projected at $652.93 million, compared to $565.85 million last year [9]. - 'Average Client Assets - Schwab money market funds' are expected to be $651.07 million, up from $523.67 million in the same quarter last year [9]. - 'Net new client assets' are estimated at $95.09 billion, compared to $74.20 billion a year ago [10]. Stock Performance - Shares of Charles Schwab have increased by 4.2% over the past month, compared to a 5% increase in the Zacks S&P 500 composite [11].

Core Viewpoint - The article discusses the recent developments in trade negotiations, the impact of tariffs on inflation, and the upcoming economic data releases that could influence monetary policy decisions in the US and Europe [1][3][6]. Trade Negotiations and Tariffs - President Trump announced a new round of reciprocal tariffs on several trade partners, leading to a decline in US stock markets, with the Dow Jones down 1.02% and the S&P 500 down 0.31% for the week [1]. - The deadline for the new tariffs to take effect is August 1, and investors are awaiting further news on trade negotiations [1][3]. - The EU is attempting to reach a trade agreement with the US, with concerns that US tariffs could disrupt transatlantic supply chains [6]. Economic Data and Monetary Policy - The upcoming US inflation data, particularly the Consumer Price Index (CPI) for June, is expected to influence the Federal Reserve's decision on potential interest rate cuts later this year [3]. - The Federal Reserve's June meeting minutes indicated concerns about inflation pressures from tariffs, but a belief that a rate cut may occur later in the year [3]. - In the UK, inflation has risen, with the CPI at 3.4% in May, and expectations for a potential rate cut by the Bank of England if economic data continues to underperform [7]. Commodity Markets - Oil prices have stabilized, with WTI crude oil rising 2.16% to $68.45 per barrel and Brent crude oil increasing 3.02% to $70.36 per barrel, amid concerns over summer supply and demand [4]. - Gold prices have also rebounded, with COMEX gold rising 0.73% to $3356 per ounce, as investors seek safe-haven assets amid trade uncertainties [5]. Upcoming Economic Indicators - Key economic indicators to watch include the US PPI, industrial production, and retail sales data, as well as consumer sentiment surveys [3][9]. - In Europe, the ZEW economic sentiment index for Germany will be released, reflecting the economic outlook amid trade tensions [6].

Core Viewpoint - The Charles Schwab Corporation (SCHW) is identified as a strong momentum stock with a Momentum Style Score of A and a Zacks Rank of 2 (Buy), indicating potential for near-term gains [3][4][12]. Momentum Style Elements - SCHW shares have increased by 1.67% over the past week, while the Zacks Financial - Investment Bank industry has risen by 4.27% during the same period [6]. - Over a longer timeframe, SCHW's monthly price change is 5.13%, compared to the industry's 8.13% [6]. - In the past quarter, SCHW shares have risen by 22.18%, and over the last year, they have gained 22.29%, outperforming the S&P 500, which increased by 19.67% and 12.87% respectively [7]. Trading Volume - The average 20-day trading volume for SCHW is 7,443,516 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the last two months, 8 earnings estimates for SCHW have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $4.24 to $4.39 [10]. - For the next fiscal year, 9 estimates have also moved higher without any downward revisions [10].

Core Insights - The investing landscape is rapidly evolving, with Robinhood Markets (HOOD) and Charles Schwab (SCHW) leading the transformation aimed at retail investors [1][2] - The article compares the fundamentals, growth prospects, and strategic moves of both companies to determine which stock is better positioned for future success [2] Robinhood's Position - Robinhood gained popularity among younger investors during the meme stock phenomenon in early 2021 and has since diversified its offerings beyond digital assets [3] - The company has launched several initiatives to attract clients, including advanced trading tools, wealth management services, and a credit card for consumer finance [4] - Recent acquisitions, such as Bitstamp and TradePMR, aim to expand Robinhood's business and establish it as a global financial services provider [5] - However, the launch of stock tokens in the EU has attracted regulatory scrutiny, raising questions about transparency and legality [6] Schwab's Strengths - Schwab manages over $10 trillion in client assets and has a strong position in retail brokerage and advisor custody, benefiting from deep client relationships [7] - The company's diversified revenue streams, including net interest income and asset management fees, have been bolstered by rising interest rates [8] - Schwab's RIA custody business is one of the largest in the U.S., and the integration of TD Ameritrade has enhanced its ability to serve independent advisors [9] - The company is modernizing its platform to attract younger investors and plans to introduce spot Bitcoin and Ethereum trading by mid-2026 [11] Earnings Estimates - For Robinhood, the Zacks Consensus Estimate for 2025 earnings suggests a growth of 13.8%, while 2026 estimates imply a growth of 22.2% [13] - Schwab's earnings estimates for 2025 and 2026 indicate growth of 35.1% and 17.8%, respectively, reflecting strong analyst sentiment [16] Stock Performance and Valuation - Year-to-date, Robinhood's stock has surged by 164.9%, while Schwab has increased by 25.7%, both outperforming the industry and S&P 500 [19] - Robinhood trades at a price-to-tangible book (P/TB) ratio of 11.88X, while Schwab's P/TB ratio is 8.17X, indicating Schwab is relatively inexpensive [20] - Schwab's return on equity (ROE) stands at 18.31%, higher than Robinhood's 15.42%, showcasing Schwab's efficient use of shareholder funds [20] Strategic Outlook - Robinhood is focused on innovation and aggressive growth, appealing to investors looking for rapid transformation [22] - Schwab offers a balanced approach with a strong asset base, stable earnings, and strategic adaptability, making it a compelling long-term investment [26] - Currently, Schwab holds a Zacks Rank of 2 (Buy), while Robinhood has a Zacks Rank of 3 (Hold) [27]