Strong client asset inflows, declining transaction income quarter-over-quarter, SCHW.US third-quarter performance diverges

Intelligent Finance APP reports that Charles Schwab (SCHW.US) released its Q3 2026 financial report before the market opened on October 15. Net revenue for the quarter was $7.171 billion, up 17% year-on-year and 1% quarter-on-quarter, reaching a historic high but slightly below the market expectation of $7.18 billion. Adjusted earnings per share were $1.69, up 29% year-on-year and above market expectations of $1.65. According to GAAP, net profit was $2.906 billion and diluted earnings per share were $1.62, both up 29% year-on-year.