Charles Schwab (SCHW) moved higher after fresh monthly metrics pointed to solid asset-gathering momentum. Schwab said February 2026 core net new assets were $50.0 billion excluding a one-time item tied to an acquisition-related flow, while reported core net new assets were $32.5 billion for the month. The update also showed total client assets of $12.22 trillion as of February 28, 2026, reinforcing the market’s view that Schwab’s growth engine is re-accelerating.

Beyond net new assets, Schwab highlighted growth in advisory assets across both Investor Services and Advisor Services, indicating broader participation than just market-driven asset appreciation. The scale of client assets and ongoing advisory balances matters because they feed multiple revenue lines—asset-based fees, transactional activity, and (indirectly) net interest revenue via client cash levels—so a strong February snapshot can shift near-term expectations for Q1 trends.

Investors will likely focus on whether inflows remain durable through March and into the core tax season period, and whether the asset-gathering translates into stronger net interest revenue as cash levels settle. The next major catalyst is Schwab’s upcoming quarterly earnings cadence, where management commentary on deposit/cash sorting, expense growth, and 2026 outlook will determine whether this move extends or fades.