Charles Schwab Q3 net income rises 23% year-over-year to $2.91 billion

By Public Technologies
  • Charles Schwab’s third-quarter 2026 GAAP diluted earnings per share climbed 29% year-over-year to $1.62.
  • Net revenues rose 17% year-over-year to a record $7.17 billion.
  • Core net new assets jumped 38% year-over-year to $190.4 billion, while total client assets increased 15% to $13.33 trillion.
  • Quarter-end margin loans surged 93% year-over-year to $187.9 billion, while bank loans grew 35% to $72.3 billion.
  • Schwab introduced AI-powered retail assistant Charley and partnered with Anthropic to bring Claude for Financial Advisors to independent investment advisers.


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