Market volatility and SpaceX's IPO attract retail investors! Trading frenzy drives Charles Schwab (SCHW.US) to surpass Q2 earnings expectations

According to information from Zhihui Finance APP, due to market volatility caused by geopolitical uncertainty and the ongoing entry and exit of retail investors, leading US online broker Charles Schwab (SCHW.US) released second-quarter results that exceeded market expectations. The financial report shows that Charles Schwab's net revenue for the second quarter increased by 21% year-on-year to $7.072 billion, better than analysts' average expectation of $6.92 billion. Adjusted net profit was $2.93 billion, up 32% year-on-year. Adjusted earnings per share were $1.62, exceeding analysts' average expectation of $1.55. Net interest margin widened by 12 basis points quarter-on-quarter to 3.00%, with profitability continuing to recover.