Charles Schwab just smashed records with $7.1 billion in net revenue—a 21% surge—driven by record-breaking trading volume and 1.4 million new brokerage accounts, bringing their total to 48 million. Despite beating earnings forecasts and posting $2.8 billion in net income, the stock dipped 2.5%. CEO Rick Wurster credits strong client engagement, younger investors, and AI for the momentum. Schwab’s expanding offerings include crypto trading for Bitcoin and Ether, a new generative AI tool called Portfolio Insights, and binary options tied to financial events. They’ve also raised their full-year revenue forecast to 17.5%–18.5% growth.
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