5 Biggest Stock Brokerage Firms in the US

3. The Charles Schwab Corporation (NYSE:SCHW)

Assets under Management: $8.5 trillion

So, The Charles Schwab Corporation (NYSE:SCHW) is this big deal in the finance world, offering all sorts of services like banking, investing, and wealth management to regular folks and big institutions alike.

In December 2023, The Charles Schwab Corporation (NYSE:SCHW) hit it out of the park with over $40 billion in new assets pouring in, growing at a snazzy 6% rate. Their total client assets shot up to a massive $8.5 trillion by year-end, marking a solid 21% increase. The fourth quarter of 2023 saw them rake in $1.0 billion in net income, a bit lower than the $2.0 billion from the same period in 2022. Over the whole year, their net income hit $5.1 billion, down from $7.2 billion the year before.