Total client assets reached $10.96 trillion, reflecting a 15% year-over-year rise. The company also opened 377,000 new brokerage accounts, a 15% increase from July 2024. Additionally, Charles Schwab's board authorized a new $20 billion share repurchase program, replacing the previous $15 billion program, which had $6.9 billion remaining. In light of this, TD Cowen raised its price target for Charles Schwab to $129.00, maintaining a Buy rating. Keefe, Bruyette & Woods also raised their price target to $108.00, following Schwab's adjusted earnings per share of $1.14, which surpassed expectations. Furthermore, Schwab has expanded its 24-hour trading capabilities to include over 1,100 securities, enhancing its thinkorswim platform suite. The company also declared a regular quarterly cash dividend of $0.27 per common share, payable on August 22. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.