Schwab Q2 record revenue $7.1B (+21% YoY); GAAP EPS $1.54, adj. $1.62

SCHWAB CHARLES CORP

Record net revenues of $7.07B, up 21% YoY; GAAP net income $2.8B, EPS $1.54.
Adjusted EPS $1.62 (+42% YoY); adjusted net income $2.93B; pre-tax margin 54.3%.
Core net new assets $119.8B (+49% YoY); June record $62.7B; 1.4M new brokerage accounts.
Daily average trades record 11.9M (+57% YoY); managed investing net flows +53% YoY.
Launched Schwab Crypto for Bitcoin/Ethereum trading; introduced AI-powered Portfolio Insights.

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