Brokerage Charles Schwab (SCHW) says it took in $44.4 billion in net new assets during October this year, an 80% year-over-year increase and a monthly record.
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The company, which also specializes in wealth management, said it continues to benefit from a bull run in U.S. stocks. Schwab releases data on its asset accumulations monthly, and Wall Street appears impressed by the October haul, with analysts noting that it represents annualized organic growth of nearly 5%.
A big run higher in U.S. stocks since the tariff crash in April has led investors to buy stocks and add money to their brokerage accounts. Charles Schwab said total client assets reached $11.83 trillion as of Oct. 31. That’s a 20% increase from the end of October 2024 and up 2% from September of this year.
New Accounts
Charles Schwab added that it is seeing a boom in new account openings amid the bull run in stocks. The brokerage said that customers opened 429,000 new accounts during October, a 30% year-over-year increase. Average margin loan balances rose 7% compared with September 2025, and daily average trades reached 8.6 million in the month of October.
Charles Schwab is one of America’s largest brokerage and wealth management firms, serving both individual investors and investment advisors. Other asset managers and brokerages have also reported a steady rise in account openings, trading volumes, and margin loans this year as the stock market rallies. SCHW stock has gained 29% this year.
Is SCHW Stock a Buy?
The stock of Charles Schwab has a consensus Strong Buy rating among 17 Wall Street analysts. That rating is based on 15 Buy, one Hold, and one Sell recommendations made in the last three months. The average SCHW price target of $114.87 implies 21.17% upside from current levels.
