Charles Schwab(US:SCHW) CNBC Television·2025-10-17 13:17Financial Performance - Charles Schwab reported record third quarter profits of $236 billion [1] - Revenue jumped 27% to $614 billion, an all-time high [1] - Total client assets up 17% year-over-year to a record $1159 trillion [3] - Dollar daily average trades up 30% year-over-year [4] Client Acquisition and Engagement - Schwab gained over 1 million new brokerage accounts for the fourth consecutive quarter [4] - One third of new to firm households are Gen Zers under the age of 28 [10] - Client crypto site visits went up 90% in the last year [17] Competitive Landscape and Strategy - Schwab is the number one in retail trading with 74 million daily average trades [7] - Schwab differentiates itself by offering a broad experience, including access to trading professionals and live trading coaching [8] - Schwab offers crypto ETFs, Bitcoin futures, and closed-end funds, with clients owning 20% of all crypto exchange traded products in the country [16] Risk Management and Diversification - Schwab emphasizes diversification, particularly given the concentration of the S&P 500 [14] - Schwab's bank lends only to clients against their assets and invests in government-backed securities, minimizing credit risk [20][21]