Shares fell 1.7% following the quarter as investors appear cautious despite revenue and client growth, likely weighing the cautious tone around margin expansion and the absence of any clear upside in guidance or profitability trends.
- Reported $7.1 billion in total revenue with adjusted EPS of $1.62, up 42% year-over-year.
- Added 1.4 million new brokerage accounts and $120 billion in core net new assets, reflecting strong client acquisition and asset inflows.
- Managed investing net flows increased by 53% versus prior year; bank lending balances rose 33% to $67 billion.
- Expanded services including pilot crypto transfer capabilities and integration of private market offerings through the Forge acquisition.
- The company emphasized investment in innovation and AI to improve client experience, but market reaction suggests investor skepticism regarding margin sustainability or forward outlook.
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