Home / Business and Economy / Schwab Soars on Record Asset Growth
Schwab Soars on Record Asset Growth
13 Jun
Summary
- Total client assets grew 27% to $13.14 trillion in May 2026.
- Record $49.9 billion in core net new assets for May.
- 461,000 new brokerage accounts added, up 37% year-over-year.
Shares of Charles Schwab experienced a notable increase in the afternoon session on June 13, 2026, following the release of its May 2026 monthly activity report. The report showcased substantial growth in key performance indicators.
Total client assets reached $13.14 trillion, marking a significant 27% year-over-year increase. Core net new assets, a critical metric for business expansion, recorded a record $49.9 billion for May alone. This represents a 43% rise compared to the previous year.
Furthermore, Charles Schwab successfully onboarded 461,000 new brokerage accounts, an impressive 37% surge from the prior year. Daily average trades also hit a new record, averaging 11.8 million. In response to this strong financial showing, several market analysts have revised their earnings projections upward.
The company's stock was trading at $91.44, up 3.1% from its previous closing price. Despite a year-to-date decline of 10%, a five-year investment in Charles Schwab would have yielded a 27% return. The article also touches upon a past disruption scare in February 2026, when AI advancements from competitors caused a temporary dip in wealth management stocks.
