Charles Schwab reported record core net new assets of $58.1 billion for July 2026. This figure represents a 24% increase compared to July 2025. Total client assets reached $13.04 trillion, marking a 19% year-over-year rise.
The firm added 417,000 new brokerage accounts during the month. This total reflects an 11% increase from the previous year. Daily average trades surged 61% year-over-year to 11.6 million.
Client margin loan balances also saw a significant increase. SCHW shares rose slightly in premarket trading following the report.