The Charles Schwab Corporation SCHW · Stock Open The Charles Schwab Corporation in new tab

Schwab’s shares fell 5.0% after earnings, suggesting investors were not reassured by the record quarter; the provided transcript does not identify a specific disappointing guidance item or metric. It reports strong client and revenue figures, but the excerpt ends before the outlook discussion, so the likely driver cannot be determined from the available text.

• Third-quarter core net new assets were $190 billion, up 38% year over year, an annualized organic growth rate of nearly 6%.
• Schwab reported record total net revenues of $7.2 billion and adjusted EPS of $1.69, up 29% year over year.
• Clients opened 1.2 million brokerage accounts; managed-investing net flows reached a quarterly record of $24 billion.
• Bank lending reached $72 billion, up 35% year over year.
• The company said developer productivity had increased about 25% with AI; broader guidance and outlook are not included in the supplied excerpt.