Schwab expands 24-hour trading to over 1,100 securities

WESTLAKE, Texas - Charles Schwab (SCHW), a prominent player in the Capital Markets industry with a market capitalization of $174 billion, has significantly expanded its overnight trading capabilities, allowing retail clients to trade more than 1,100 securities 24 hours a day, five days a week through its thinkorswim platform suite, the company announced Monday. According to InvestingPro data, the company’s stock has delivered an impressive 30% return year-to-date, reflecting strong market confidence in its strategic initiatives.

The expansion primarily adds popular exchange-traded funds (ETFs) to the list of securities available for extended trading hours. This move comes after Schwab broadened overnight trading in February to include S&P 500 and Nasdaq-100 stocks following a successful pilot program in late 2024.

"As the pace of interconnected global markets activity increases and market-moving news and events happen outside of regular U.S. market hours, 24-hour trading gives investors flexibility and access," said James Kostulias, Managing Director and Head of Trading Services at Charles Schwab.

The company, which manages $10.76 trillion in total client assets and facilitated 7.6 million daily average trades in Q2 2025, reported significant client engagement with overnight trading since its February expansion. With revenue growing at 16.3% and maintaining a robust gross profit margin of 97%, Schwab continues to demonstrate strong operational efficiency. Thousands of clients are trading in the overnight session for the first time each week, with particularly strong adoption among international clients. InvestingPro analysis reveals 16 analysts have revised their earnings upward for the upcoming period, suggesting positive momentum ahead.

Trading volume has spiked during major news events, with record overnight trading occurring on June 12 amid reports of escalating tensions in the Middle East. The most actively traded stocks during overnight hours have been Tesla, NVIDIA, and Nio, according to the company’s statement.

Ameritrade, acquired by Schwab in 2020, first introduced 24/5 trading in 2018 with approximately two dozen ETFs available in the overnight session.

Clients can access the extended trading hours by selecting the EXTO order type for eligible securities on Schwab’s thinkorswim platforms. The company notes that extended hours trading may involve risks including lower liquidity, higher volatility, and wider spreads compared to regular market hours. For investors seeking deeper insights into Schwab’s market position and growth potential, InvestingPro offers comprehensive analysis including Fair Value estimates, financial health scores, and detailed metrics in its Pro Research Report, available as part of the subscription.

The information is based on a press release from Charles Schwab.

In other recent news, Charles Schwab Corp. reported impressive second-quarter 2025 earnings, with adjusted earnings per share reaching $1.14, surpassing analyst expectations. The company recorded total revenues of $5.85 billion, reflecting a 25% year-over-year growth. Analysts from firms like JMP, Citi, and Piper Sandler acknowledged Schwab’s strong financial performance, with JMP raising its price target to $110 and Citi following suit, citing healthy client engagement and net new asset growth. Raymond James also increased its price target to $103, highlighting potential net interest margin benefits due to reduced high-cost funding. Piper Sandler set its target at $96, noting Schwab’s positive adjustments in revenue and expense forecasts. The company saw significant growth in net new assets, with a reported $42.6 billion in June alone, translating to an annualized growth rate of about 5%. Charles Schwab has also updated its fiscal year 2025 guidance, raising expectations for both revenue growth and earnings per share.

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