Charles Schwab reports strong Q1 growth, expands into crypto and eases trading rules.

Charles Schwab posted a 16% year-over-year increase in Q1 net revenues to $6.5 billion, with profit margins expanding to 49.2%. The platform grew core net new assets by $140 billion, or 2% year-over-year. The company is pushing into digital assets like cryptocurrencies and relaxing intraday trading rules to allow more accounts access to margin services. Despite a slight revenue miss and higher expenses causing an 8% share drop, Schwab's fair value estimate was raised to $139 per share, reflecting confidence in its profitability and growth initiatives.