Charles Schwab is reporting its Q2 earnings, expecting revenue of $5.74 billion and normalized EPS of $1.10. Shares of Schwab have risen over 25% this year. Interactive Brokers also reported strong earnings, leading to a 5% premarket share price increase for them. The surge in brokerage shares is attributed to growing risky assets since April, which has bolstered total asset values and profitable segments like margin accounts. Expectations for Schwab's full-year revenue stand at $22.96 billion and a normalized EPS of $4.44.
Charles Schwab reported Q2 earnings, with anticipated revenue at $5.74 billion and normalized EPS at $1.10, following a year with more than 25% share price growth.
The rise of risky assets since early April has led to significant increases in total asset values and profitability for brokerages, including Schwab and Interactive Brokers.
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