Charles Schwab Corporation (The) (SCHW) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

and welcome to Schwab's 2026 Summer Business Update. This is Jeff Edwards and I'm joined this morning by our President and CEO, Rick Wurster, as well as our CFO, Mike Verdeschi. Hopefully you all had an opportunity to review our second quarter earnings release that crossed the wire earlier today. Similar to La Roja on the pitch this past Sunday, I don't think it's a stretch to frame Schwab's strong results as trophy worthy. Slides for today's business update will be posted to the Iowa website at the conclusion of today's prepared remarks. As always, we ask that you please adhere to the one question and no follow-up policy during the Q&A portion of the program, and do not hesitate to reach out to the IR team with any questions following today's update. Lastly, a fan favorite on every deck, the forward-looking statements page, reminding us all that outcomes may differ from expectations, so please stay up-to-date with our disclosures. And with that, I'll turn it over to Rick. Thank you, Jeff, and good morning. Thank you for joining our summer business update. We'll spend our time this morning sharing detail on our record performance and diving into the reasons Schwab is incredibly well positioned to deliver for stockholders and clients well into the future. The financial services landscape is becoming increasingly driven by investing. We occupy the trusted center of the investing ecosystem. We're both leading today and uniquely positioned to win in the future. There are several reasons for our confidence. First, our record results speak for themselves. Our true client-side strategy continues to fuel growth on all fronts. Second, Schwab is the trusted industry leader today. Our no-trade-offs value proposition is unmatched in the industry. As people increasingly consolida...