Charles Schwab posts strong Q1 growth with 16% revenue rise and $49.9B net new assets in May

Charles Schwab reported record Q1 results with 16% revenue growth, 38% EPS growth, and a 51.4% pre-tax margin, driven by exceptional asset gathering totaling $49.9 billion in net new assets in May. Total client assets reached $13.1 trillion, supporting accelerating fee income. The company is expected to raise its EPS guidance in July and plans to expand into ETFs, private markets, and crypto, signaling multiple future revenue drivers. Despite a recent 15% share price drop from its peak, Schwab's strong fundamentals and growth catalysts make it a buy-rated stock with a 12-month price target of $107.80.