New York, June 15, 2026, 11:02 (ET)
- Charles Schwab shares gained roughly 1.3% to $92.27 in late trading Monday. The climb comes as new talk surfaced over Schwab’s AI cash products and its push into crypto.
- Charles Schwab said client assets totaled $13.14 trillion at May 31, with daily average trades in the month climbing to a record 11.8 million.
Schwab stock gained Monday after the brokerage put out its latest operating numbers. The move comes as questions pop up about how AI-based cash tools could impact Schwab’s top profit source. Shares last changed hands at $92.27 around 10:47 a.m. in New York, above Friday’s $91.10 close. Market value was about $161.7 billion.
Schwab shares finished at $91.10 on June 12, about 15% below the 52-week peak of $107.50, according to a TIKR note out Monday. Some investors worry AI cash optimizers could steer client cash away from the firm’s low-yield sweep accounts to better-paying products. TIKR pointed to management’s statements at the May investor day, when Schwab boosted its forecast for 2026 revenue growth to 14%-15%. Slides from that day show Schwab aiming to improve net interest margin in 2026 by ramping up lending. TIKR.com
Schwab’s June 12 activity report gave bulls more data. Core net new assets came in at $49.9 billion in May, up 43% year-on-year and the strongest May ever for Schwab. Total client assets hit $13.14 trillion, up 27%. The company added 461,000 new brokerage accounts, up 37%. Daily average trades were 11.8 million, a new record.
Schwab is changing up its lineup. The firm said June 2 it rolled out its first 24/7 product—crypto futures trading on thinkorswim. The company also cut the minimum to $1 for fractional trading on most U.S. stocks and ETFs. “A diverse range of clients seek out Schwab for the best-in-class trading experience we offer,” Schwab’s head of trading services James Kostulias said in the statement. Charles Schwab Press Room
Schwab’s crypto launch is drawing attention, as outlets like Tokenwire, via a press release on openPR, linked Schwab’s move with comments about BNB, ADA, and Pepeto prices. Schwab’s actual rollout is narrower. The firm says Schwab Crypto allows direct bitcoin and ethereum trades, with a 75-basis-point fee per trade. Digital assets are kept in a Schwab Crypto account, separate from Charles Schwab Premier Bank. “We know our clients want to conduct more of their financial lives at Schwab,” said Jonathan Craig, head of retail investing at Schwab, when the details came out. openPR.com Charles Schwab Press Room
Retail investors are still in, but the frenzy isn’t here. Schwab’s Trading Activity Index moved to 55.08 in May, up from 50.10 the month before. Clients kept buying equities as big indexes rose. Joe Mazzola, who runs trading and derivatives at Schwab, said demand for diversified ETFs means “a degree of caution remained,” even as buying increased. That mix matters for Schwab, with trading activity, margin loans, advisory growth and cash choices all tied to whether the firm’s scale can compete with AI names, new cash-sweep rules and low-cost rivals. Charles Schwab Press Room
