Charles Schwab Posts Record $7.1 Billion Revenue, Opens BTC And ETH Trading

Charles Schwab posted record quarterly revenue of $7.1 billion, up 21% from a year ago, and adjusted earnings of $1.62 per share, both above Wall Street estimates. The firm also opened direct Bitcoin and Ethereum trading for retail clients, according to BeInCrypto, while shares traded near $102.91 after the report. Net income rose 32% to $2.8 billion, client assets reached a record $13.08 trillion, and daily trades hit 11.9 million. Schwab said clients opened 1.4 million new brokerage accounts and brought in $120 billion in core net new assets.