Charles Schwab reports Q1 adjusted EPS $1.04, consensus $1.01

Reports Q1 revenue $5.6B, consensus $5.54B. Reports Q1 net new assets $137.7B. The company said, “Investors turned to Schwab to navigate an increasingly uncertain environment in 1Q25, entrusting us with $138 billion in core net new assets. This 44% year-over-year increase in asset gathering was powered by our unwavering focus on serving the needs of clients across Retail, Advisor Services, and Workplace Financial Services.”