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WESTLAKE, Texas - Charles Schwab (NYSE:SCHW), a $165 billion market cap financial services giant currently trading near its Fair Value according to InvestingPro analysis, announced Wednesday it will expand its branch network by adding 16 new locations and relocating or expanding 25 existing branches across the United States, according to a company press release.
The financial services firm, which boasts a perfect Piotroski Score of 9 indicating strong financial stability, plans to hire more than 400 new branch-related positions, including financial consultants and wealth consultants, to support this expansion. Several new branches have already opened, with additional locations set to open soon.
Florida will receive five new branches and one relocated branch, including locations in Palm Beach Gardens, Aventura, and Marco Island. California will add three new branches in Monarch Beach, Manhattan Beach, and San Francisco’s Mission Bay area, along with six relocated or expanded locations. In Texas, Schwab will open a new branch in Bee Cave and relocate its downtown Austin branch.
"We know that face-to-face relationships and support are invaluable to investors as thousands of clients visit our branches on a daily basis," said Jeannie Bidner, Head of Branch Network at Schwab.
The expansion comes as Schwab reports significant growth, with 2.3 million new brokerage accounts and $218 billion in new assets in the first half of 2025. The company, which has achieved 16.3% revenue growth over the last twelve months according to InvestingPro data, currently operates nearly 400 branches nationwide.
Beyond the branch expansion, Schwab is also adding positions across its U.S. corporate locations in client service, wealth management, digital innovation, and AI development. The company added 2,300 new employees in the first half of 2025, with many new roles concentrated in Texas, California, Colorado, Florida, and Nebraska.
As of July 31, 2025, Charles Schwab reported 37.7 million active brokerage accounts and $10.96 trillion in client assets. The company maintains an impressive track record of 37 consecutive years of dividend payments, demonstrating its commitment to shareholder returns. For deeper insights into Schwab’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 top US stocks.
In other recent news, Charles Schwab Corporation reported $44.4 billion in core net new assets for August 2025, marking a 35% increase compared to the same month last year. The company’s total client assets reached $11.23 trillion at the end of August, showing a 15% rise from August 2024 and a 2% increase from July 2025. In July 2025, Charles Schwab set a record by attracting $46.9 billion in core net new assets, a 62% increase from the previous year. Truist Securities has reiterated its Buy rating on Charles Schwab, raising the stock price target to $112.00 due to strong growth in net new assets. TD Cowen also raised its price target to $129.00, following the announcement of a new $20 billion share repurchase program, replacing a previous $15 billion program. These developments reflect the company’s robust asset growth and strategic financial maneuvers. Schwab’s August net new asset growth was noted as the second strongest in four months. The company’s ability to attract new assets and implement share buybacks demonstrates its ongoing financial strength.
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