{
  "id": 14684038,
  "title": "Schwab earnings beat estimates despite revenue miss",
  "url": "https://urgent.news/2026/10/15/schwab-earnings-beat-estimates-despite-revenue-miss",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T11:40:18.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/schwab-earnings-beat-estimates-despite-revenue-miss-4951411"
  },
  "original_language": "en",
  "account": "Charles Schwab Corporation, a major player in the U.S. financial services industry, delivered strong third-quarter earnings on Thursday, exceeding analyst forecasts while slightly falling short of revenue expectations. The company's adjusted earnings per share stood at $1.69, surpassing the estimated $1.66.\n\nDespite the revenue miss, Schwab's performance was robust, with net income totaling $2.9 billion, or $1.62 per share on a GAAP basis. The company reported record core net new assets of $190.4 billion, marking a 38% year-over-year increase and an impressive annualized growth rate of 5.8%. Additionally, there was a notable surge in client activity, with 1.2 million new brokerage accounts opened and total client accounts reaching 48.6 million.\n\nTotal client assets climbed 15% year-over-year to $13.33 trillion. Schwab's commitment to deeper client engagement is evident, as it has expanded and strengthened their revenue model, contributing to the 17% year-over-year increase in revenue, reaching a record $7.2 billion. The company's net interest margin expanded to 3.04%, and bank loan balances reached $72.3 billion at the end of September, up 35% year-over-year. Margin loan balances increased 14% quarter-over-quarter to $187.9 billion.\n\nSchwab's trading volume averaged 10.7 million daily, a 44% year-over-year increase, driving trading revenue of $1.2 billion, up 16% from the previous year. Asset management and administration fees grew 14% year-over-year to $1.9 billion. The company's capital ratios remained strong, with preliminary consolidated Tier 1 Leverage at 8.9%.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Quartz",
        "title": "Charles Schwab reported record $7.2 billion in revenue, up 17% from a year earlier",
        "url": "https://urgent.news/2026/10/15/charles-schwab-reported-record-7-2-billion-in-revenue-up-17-from-a",
        "published": "2026-10-15T13:10:28.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}