Charles Schwab Sets Mid-2026 Target for Spot Crypto Rollout

TLDR

  • Charles Schwab will begin offering spot crypto trading in the first half of 2026.
  • The company reported earnings per share of $1.31, beating analyst expectations.
  • Revenue reached $6.1 billion in the third quarter, up from $4.8 billion a year earlier.
  • Charles Schwab added one million new brokerage accounts for the fourth straight quarter.
  • Net new assets increased to $137.5 billion, representing a 44 percent year-over-year rise.

Charles Schwab confirmed plans to begin spot crypto trading in the first half of 2026. The move follows a strong third-quarter performance. The company aims to broaden its digital asset offerings amid rising investor demand and market growth.

Charles Schwab Posts Strong Q3 Results

Charles Schwab reported earnings per share of $1.31, exceeding estimates of $1.25, according to FactSet. Revenue rose to $6.1 billion, higher than the expected $6 billion. The firm attributed the increase to client growth and market momentum.

CEO Rick Wurster said, “Strengthening organic growth and client adoption of wealth solutions continue to support our strategic direction.” The company added one million new brokerage accounts for the fourth straight quarter. It also reported net new assets of $137.5 billion, up 44% year-over-year.

Total client assets reached $11.59 trillion, reflecting new inflows and strong market valuations. Charles Schwab ended the quarter with 45.7 million active client accounts. This reinforced its status as a leading wealth management firm in the U.S.

Daily Trading Surges, Crypto Plans Take Shape

Charles Schwab reported average daily trading volume of 7.4 million, marking a 30% increase from last year. Margin balances climbed 16% to $97.2 billion, indicating vigorous investor activity. The company expects continued momentum to support its entry into crypto trading.

Charles Schwab announced that it will launch spot crypto trading by mid-2026 as part of its broader innovation strategy. The offering will include significant digital assets and integrate with existing brokerage platforms. The initiative reflects the growing demand for regulated access to cryptocurrency.

The firm aims to compete with its peers, who are already offering similar services. The upcoming platform will target both retail and institutional investors. Charles Schwab said the crypto move aligns with its long-term asset growth strategy.

Balance Sheet Strengthens, Market Confidence Grows

Charles Schwab reduced its bank supplemental funding to $14.8 billion, down from its $27.7 billion level in May 2023. The 85% reduction improves financial flexibility and supports stable net interest income. This enhances profitability and prepares the firm for future investment.

Net interest revenue increased to $3.05 billion from $2.22 billion last year. The gain came from higher interest rates and lower funding costs. Charles Schwab continues to benefit from a favorable macroeconomic environment.

The stock rose 4.5% in premarket trading and held a 1.04% gain after the open, trading at $95.32. JP Morgan raised Schwab’s price target to $119 for December 2026. Charles Schwab shares are up 29% year-to-date, beating the S&P 500’s 14% rise.

The post Charles Schwab Sets Mid-2026 Target for Spot Crypto Rollout appeared first on Blockonomi.

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