Charles Schwab profit surges on trading boom, asset growth

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Charles Schwab reported a nearly 60% jump in second-quarter profit, fueled by strong trading activity and higher asset management fees amid market volatility driven by President Trump’s tariff policies. Net income rose to $2.13 billion, or $1.08 per share, up from $1.33 billion a year earlier. Trading revenue climbed to $952 million, and total client assets hit a record $10.76 trillion, Reuters has reported. Shares rose 2.5% in premarket trading. read more: 👍 Like this video to stay updated on major financial earnings and how market moves affect investors. 💬 Comment below—Do you think tariff-driven volatility is helping or hurting long-term investors? 🔗 Share this video to help others stay informed on Schwab’s performance and market trends. 💰 Want to support the channel? You can donate directly by hitting the YouTube Thanks button. Your support helps us keep providing updates. 👉 Don’t forget to subscribe for more updates. Thanks for watching and supporting the channel. Links for B.C. Visit My Website Follow Me On Facebook Subscribe To My Patreon Watch Me On YouTube Follow Me On Twitter Watch Me On Rumble Follow Me On Gab Follow Me On Truth Social Follow Me On BlueSky Watch Me On TikTok #CharlesSchwab #MarketVolatility #EarningsReport