Finance

Schwab’s New Assets Rise 48% on Retail Investor Demand

A Charles Schwab location in New York.
Photographer: Bing Guan/Bloomberg

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By Paige Smith

October 16, 2025 at 11:46 AM UTC

Corrected

October 17, 2025 at 2:34 PM UTC

Charles Schwab Corp. reported third-quarter earnings that beat estimates as the firm benefited from a surge in retail investing activity.

The firm reported $134.4 billion in total net new assets, a 48% increase from a year earlier. That’s more than the $130.2 billion analysts had forecast for the three months through September.