Charles Schwab-Schwab Shares Gain 1.1% as Total Client Assets Rise in April

Core Insights - Charles Schwab's shares increased by 1.1% following the release of its April 2025 monthly activity report, with total client assets reaching $9.89 trillion, a 12% increase from April 2024 and stable sequentially, driven by volatile markets [1] Company Performance Summary - Core net new assets for Schwab in April 2025 were$ 2.7 billion, a significant increase from the same month last year but a 95% decline from the previous month due to client tax disbursements [2] - Average interest-earning assets rose to $430.9 billion, up 2% year-over-year and 1% month-over-month; average margin balances increased by 13% year-over-year to$ 77.5 billion but decreased by 6% from March 2025; average bank deposit account balances were $84.1 billion, down 5% year-over-year but stable sequentially [2] - Schwab opened 439,000 new brokerage accounts in April 2025, a 22% increase from the previous year and a 13% increase sequentially; total active brokerage accounts reached 37.3 million, up 5% year-over-year and 1% from March 2025; client banking accounts increased to 2.07 million, up 9% year-over-year and 1% sequentially [3] Industry Context - Over the past three months, Schwab shares have risen by 8.5%, contrasting with a 4.7% decline in the industry [6] - Interactive Brokers reported a 63.2% increase in client Daily Average Revenue Trades (DARTs) year-over-year, totaling 3,818,000 in April 2025, with a 10% increase from March 2025 [8] - Robinhood reported a significant rise in total Platform Assets, reaching$ 232 billion, an 88% increase year-over-year and a 5% increase from March 2025 [9]