Charles Schwab Corp. reported strong financial results for the second quarter of 2025, with adjusted earnings per share (EPS) of $1.14, surpassing estimates of $1.09 and representing a 56% year-over-year increase. The company posted net revenue of $5.85 billion, exceeding the $5.72 billion consensus and marking a 25% rise compared to the prior year. Daily average trades reached 7.57 million, up 38% year-over-year, while total client assets grew 14% to $10.76 trillion, beating expectations of $10.54 trillion. New brokerage account openings increased 11% year-over-year, surpassing one million. Net interest revenue rose 31%, contributing to the overall revenue growth. Despite these gains, bank deposits declined 5% year-over-year to $233.1 billion, slightly below estimates. Net income for the quarter was $2.13 billion, a 60% increase from the previous year. Following the earnings report, Charles Schwab's board authorized a new $20 billion stock repurchase program, replacing the prior authorization of $6.9 billion, and declared a regular quarterly common stock dividend of $0.27 per share payable on August 22, 2025. The company also declared preferred stock dividends. These developments reflect the firm’s confidence in its long-term prospects and commitment to enhancing shareholder value. Schwab’s shares rose in pre-market trading following the announcements, continuing a year-to-date gain of 28%.