The Retail Trading Boom Is Back. Charles Schwab Is Quietly Cashing In.

Charles Schwab is benefiting significantly from the retail trading boom despite being an established player in the discount brokerage industry. The company reported $13.1 trillion in customer assets in May 2026, with 27% year-over-year growth, 461,000 new accounts (up 37%), and record daily trading volumes of 11.8 million trades. With a P/E ratio of 19x compared to Robinhood's 54x, Schwab offers attractive valuation while capturing growth from increased trading activity and margin loans.