Charles Schwab saw a 50% jump in new assets and opened 409,000 new brokerage accounts in October 2026.

Nov 13, 2026, 2:06 PM ETMarketRead the original at investingnews.com

Good for SCHW

Schwab brought in $66.5 billion in core new assets, up 50%, and client assets rose 12% to $13.27 trillion. Cash balances fell $7.0 billion, but Schwab linked that to client buying and seasonal fee payments, so the growth signs lead.

SCHW · Charles Schwab Corporation

AI read · Good for SCHW

The AI's read

More incoming assets and new accounts give Schwab a larger group of clients and more money to serve. Trading stayed active, and margin loans reached a record. Cash balances fell by $7.0 billion, but Schwab linked that to client purchases and seasonal fee payments, not weaker demand.

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