Charles Schwab Corp. (NYSE:SCHW) shares fell Thursday after the brokerage reported first-quarter fiscal 2026 results.
Earnings And Revenue Performance
The company posted adjusted earnings of $1.43 per share, up 38% from a year earlier and above the analyst consensus estimate of $1.39. Revenue rose 16% year over year to $6.48 billion, slightly below Wall Street expectations of $6.47 billion.
Trading Activity And Interest Income Trends
Trading revenue increased 20% to $1.09 billion, driven by strong client engagement. Net interest revenue climbed 16% to $3.14 billion, while net interest margin expanded to 2.88% from 2.53% a year earlier.
Asset Management Growth And Client Activity
Asset management and administration fees rose 15% to $1.8 billion, supported by organic growth and increased use of wealth management solutions. Average daily trading volume reached 9.9 million, up 34% from the prior-year quarter.
Margin loan balances totaled $126.7 billion …