SCHWAB reports April client assets hit $12.6 trillion

Charles Schwab Corporation (NYSE: SCHW) reported total client assets of $12.6 trillion at the end of April 2026, representing a 7% increase from March and a 27% gain from the same period last year, according to the company's monthly activity report.

Core net new assets brought to the company totaled $7.2 billion during April, which the company noted reflects the typical impact of client tax disbursements during the month. New brokerage accounts opened during April totaled 437,000, remaining flat compared to April 2025.

Daily average trades reached 10.3 million, which the company described as a record driven by sustained engagement in equities and exchange traded fund products. Client margin loan balances also hit a record, increasing 21% from year-end to $136.0 billion, with $29.6 billion related to long/short strategies.

Average interest-earning assets on the company's balance sheet were $444.6 billion in April, up 3% from April 2025 and 2% compared to March 2026. The company operates 39.3 million active brokerage accounts, 5.9 million workplace plan participant accounts, and 2.3 million banking accounts.

Schwab hosted its 2026 Institutional Investor Day, providing updates to investors and analysts about the company's business performance and strategic direction.

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