Charles Schwab reported total client assets of $13.41 trillion for August 2026, up 19% year over year, driven by core net new assets of $64.8 billion, which surged 46% year over year. The company opened 424,000 new brokerage accounts during the month, up 11% year over year, while active brokerage accounts rose 6% to 40.1 million, banking accounts increased 13% to 2.4 million, and workplace plan participant accounts grew 5% to 5.9 million. Client daily average trades reached 9.8 million, up 37% year over year, margin balances soared 92% to $177.6 billion, transactional sweep cash rose 19% to $483.3 billion, and total money market fund balances reached $702.5 billion, up 6% year over year. Management's latest 2026 scenario calls for full-year net interest margin of 3.00%-3.10% and fourth-quarter net interest margin of 3.25%-3.30%, with average interest-earning assets reaching $453 billion at the end of August, up 9% from the prior-year month. Schwab's 2026 adjusted expenses are expected to rise 9.5-10.5% year over year, and over the past six months Schwab shares have gained 12.7%, underperforming the industry's 22.8% growth.
Charles Schwab CorpSchwab reported record net new assets, 19% YoY client asset growth, and strong account/trading/margin metrics, plus NIM guidance.
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