Charles Schwab (SCHW) stock surged 5.68% in pre-market trading on Thursday following the release of its impressive first-quarter 2025 financial results. The company reported earnings that surpassed analyst expectations and achieved record revenue, driven by increased market volatility and higher trading volumes.

The financial services giant reported adjusted earnings per share of $1.04, beating the FactSet consensus estimate of $1.01. This represents a significant 40.54% increase from the $0.74 per share reported in the same period last year. Charles Schwab's net revenue for the quarter reached a record $5.60 billion, up 18.14% from $4.74 billion in the previous year and exceeding analyst projections of $5.53 billion.

CEO Rick Wurster highlighted the company's strong performance, stating, "This 44% year-over-year increase in asset gathering was powered by our unwavering focus on serving the needs of clients across retail, advisor services, and workplace financial services." The company reported core net new assets of $137.7 billion, demonstrating robust growth during the quarter. Additionally, Schwab benefited from a "sharp increase in market volatility," which drove a 17% jump in daily average trading volume, contributing to the strong financial results.