Charles Schwab(US:SCHW) Zhi Tong Cai Jing·2025-07-18 12:56Core 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]