Market fluctuations + SpaceX going public bring in a surge of retail investors! Trading frenzy boosts Charles Schwab (SCHW.US) Q2 earnings beyond expectations.

According to the financial news app Securities Times, due to geopolitical uncertainties causing market volatility, combined with retail investors continuously entering and exiting the market, the top US online brokerage firm Charles Schwab (SCHW.US) announced better-than-expected second-quarter earnings. The financial report shows that Charles Schwab's second-quarter net revenue increased by 21% year-on-year to $7.072 billion, exceeding the analyst's average expectation of $6.92 billion; adjusted net profit was $2.93 billion, a 32% increase year-on-year; adjusted earnings per share were $1.62, surpassing the analyst's average expectation of $1.55; net interest margin expanded by 12 basis points to 3.00% quarter-on-quarter, indicating a continuous improvement in profitability.