Charles Schwab reported robust October 2025 activity, with total client assets climbing 20.1% year-over-year to $11.83 trillion and core net new assets surging to $44.4 billion, alongside significant increases in new and active brokerage accounts. Concurrently, Interactive Brokers saw its client Daily Average Revenue Trades (DARTs) jump 58.4% year-over-year to 4.47 million, while Robinhood Markets' total platform assets more than doubled to $342.6 billion, reflecting broad strength in brokerage activity. Despite Schwab's strong operational metrics, its share performance has trailed the industry over the last six months.
Charles Schwab reported robust October 2025 activity, with total client assets reaching $11.83 trillion, a 20.1% year-over-year increase, driven by volatile markets. Core net new assets (NNA) surged to $44.4 billion, indicating strong client inflows despite a 3.9% sequential decline. The firm also demonstrated significant client acquisition, opening 429,000 new brokerage accounts, up 29.6% year-over-year. While interest-earning assets and margin balances showed healthy year-over-year growth of 2.7% and 36.6% respectively, average bank deposit balances declined 8.5% year-over-year to $76.2 billion. This mixed financial picture contrasts with its peers, as Interactive Brokers reported a 58.4% year-over-year surge in Daily Average Revenue Trades (DARTs) and Robinhood's platform assets more than doubled, growing 114.5% year-over-year. Despite Schwab's strong operational metrics, its shares have underperformed, rallying only 5.8% over the past six months compared to the industry's 18.1% growth. The company currently holds a Zacks Rank #3 (Hold), suggesting a neutral near-term outlook despite positive client engagement and asset growth.
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