CLAIM #53701 · Charles Schwab Corp (SCHW) · 2025Q3 earnings call · Oct 16, 2025 · due Apr 16, 2026
“I'm confident in the coming months that we'll continue to make progress in closing that.”
Rick Wurster · CEO
In context
“that they got moved to another firm without being asked and trying to figure out how to navigate a completely somewhat new platform to them and a different experience to saying, I don't know how I lived without Schwab while when I was at Ameritrade, we have so much more here. And we see that because they're engaging in banking, they're engaging in wealth. I think they account for 30-ish percent of all our record well flows that we're seeing. They're engaging in all kinds of activities that didn't have access to at Ameritrade. So I am bullish our ability to get them to the level of NNA growth that we see from Schwab clients. And I'm hopeful that the progress we've seen and going from negative to 0 to now positive, there's still a few percentage gap between Schwab and legacy Ameritrade, but I'm confident in the coming months that we'll continue to make progress in closing that. I couldn't be more enthusiastic about what we're seeing from our Ameritrade clients and how we're showing up and delivering for them. Operator: Our next question comes from Brian Bedell with Deutsche Bank. Brian Bedell: Maybe, Mike, just back on the guidance for the rest of the year. Any color on the revenue and expense components of that? Obviously, things are trending much better than initially expected. So I just wanted to see if you were able to offer a range? Or how much you think we could be beating that 18.5% to 19.5%. And then similar on expense, obviously, that would bring higher expenses, of course. But would we still be in that range? Or are you targeting a specific margin target? And then I guess any color on 4Q NIM and NII, if we think NII can expand at least in 4Q given the”
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SEC filings for SCHW ↗ · Claim quote is verbatim from the 2025Q3 earnings call.