Charles Schwab Corporation

Charles Schwab Corporation reported strong financial metrics for February 2026, including $32.5 billion in core net new assets (or $50.0 billion excluding a one-time outflow), $12.22 trillion in total client assets, and a record 9.9 million daily average trades. These positive results indicate robust client engagement and contribute to an accelerated first-quarter revenue growth forecast of approximately 16% compared to Q1 2025.

Charles Schwab Corporation processed significant wire transfers for Jeffrey Epstein, including one from an account with insufficient funds, just before his 2019 arrest. This has led to scrutiny regarding its anti-money laundering procedures and its handling of accounts for high-risk individuals. The company filed a suspicious activity report (SAR) to FinCEN and later terminated its relationship with Epstein.

Charles Schwab Corporation's shares fell by 7% or more following the launch of Altruism's AI-powered tax-strategy tool, Hazel, due to fears of AI disruption in wealth management.

Charles Schwab Corporation's shares fell more than 7% amid concerns that AI advancements, such as Altruist's tax planning features, could disrupt its financial brokerage business.

Charles Schwab Corporation is a backer of EDX Markets, and the exchange's move to secure a trust charter reflects a broader institutional interest in regulated digital asset services, which could benefit Charles Schwab Corporation's strategic positioning.