Charles Schwab Q3 Earnings: First Full Quarter With Schwab…
By Karthik Subramanian
AI summary of the source article
Charles Schwab's upcoming third-quarter earnings will provide the first full-quarter results since the May rollout of Schwab Crypto. The brokerage launched direct trading with Bitcoin and Ethereum and plans to add Solana, Avalanche, and Chainlink.
Why it matters
The earnings release will be particularly significant for Schwab's digital asset strategy because July through September represents the first complete calendar quarter following the product's introduction.
Key facts
- Charles Schwab rolled out Schwab Crypto in May, supporting Bitcoin and Ethereum with a 75 basis point transaction fee.
- The firm plans to add Solana, Avalanche, and Chainlink trading, as well as crypto deposit and withdrawal functionality.
- Schwab's second-quarter revenue reached $7.1 billion with net income of $2.8 billion, while total client assets reached $13.08 trillion.
Source excerpt · FinanceFeeds
Charles Schwab's third-quarter 2026 earnings, scheduled for October 15, will offer investors their first full-quarter look at the brokerage since the introduction of Schwab Crypto, its direct cryptocurrency trading service for retail customers. The company began rolling out Schwab Crypto in May, initially supporting Bitcoin and Ethereum. The service gives customers access to digital assets alongsi…