Charles Schwab Expands Branch Network Following Strong Earnings and Asset Growth

The Charles Schwab Corporation (NYSE:SCHW) is one of the 12 Set-It-and-Forget-It Stocks to Buy Now.

Following a strong second quarter, the company expands its branch network.

For the quarter ending July 18, 2025, the company reported net income of $2.1 billion, or $1.08 earnings per share. The Charles Schwab Corporation (NYSE:SCHW) has managed to drive the client assets growth by 14% year-over-year to a record $10.76 trillion.

On September 17, 2025, The Charles Schwab Corporation (NYSE:SCHW) announced branch network expansion. Currently operating 400 branches, the company intends to open up 16 new branches. Its plan also includes expanding or relocating 25 existing locations to increase capacity and optimize real estate. This brings the number of new locations across the country to more than 40. The company’s Head of Branch Network gave the following statement.

“While we continually enhance our award-winning digital platforms and see an increasing number of clients interact with us online and on mobile, our branch network is without a doubt a competitive differentiator for Schwab and a critical part of how we help clients build trusted relationships and achieve their financial goals.”

The optimization of the business presence is coupled with a market cap of $173.28 billion, making the stock ideal for investors looking to set-and-forget.

The Charles Schwab Corporation (NYSE:SCHW) was founded in 1971.  The Texas-based multinational financial services company is a pioneer in discount brokerage and offers brokerage, banking, wealth management, and advisory services, among others, to both retail and institutional clients.

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