Charles Schwab (SCHW) Soars 2.76% on 1M New Accounts, 56% EPS Surge

On July 18, 2025, The Charles Schwab Corporation (SCHW) experienced a notable 2.76% increase in its stock price during pre-market trading, reflecting strong investor confidence and positive market sentiment.

Schwab's stock has been on a steady rise, approaching an all-time high as the company reported a significant boost in profit due to the addition of 1 million new brokerage accounts. This surge in new accounts has driven up trading revenue by 23%, indicating heightened client activity and engagement.

In the second quarter of 2025, SCHW posted an adjusted earnings per share (EPS) of $1.14, surpassing analyst estimates and marking a 56% year-over-year increase. The company's net revenues for the quarter rose by 25% to $5.85 billion, primarily driven by robust trading activity and asset management fees.

SCHW's strategic initiatives, such as the expansion of 24-hour trading capabilities, have further enhanced its appeal to active traders, increasing client engagement and trading volumes. This move aligns with the company's commitment to meeting the needs of modern investors and leveraging technological advancements to stay competitive in the financial services sector.