Schwab’s retail surge isn’t just SpaceX hype – 1.4M new accounts signal trend
Schwab posted Q2 earnings of $1.62 per share on record $7.1 bn revenue, while customers opened 1.4 million new brokerage accounts and daily trades hit 11.9 million. CEO Rick Wurster says the surge reflects a structural rise in retail investing interest, not merely the SpaceX IPO.