Charles Schwab Corp. reported earnings per share that topped estimates as the firm said client assets hit a new record and trading revenue rose.

Schwab posted adjusted earnings per share of $1.14 while total client assets climbed 14% to $10.76 trillion compared to the same period last year, according to a statement. Revenue from client trades jumped 23% to $952 million.

“Retail investors and RIAs continued to turn to Schwab as a trusted partner, opening over 1 million new brokerage accounts,” said Charles Schwab Chief Executive Officer Rick Wurster.

Still, the firm attracted $73.6 billion in total net new assets, which was below analyst expectations. Daily average revenue trades also just narrowly topped analyst forecasts at 7.57 million in a quarter characterized by market turmoil from President Donald Trump’s tariff and policy changes.

Shares were up about 2.6% in early New York trading.

The firm said in May that it saw two of its busiest trading days ever during the quarter, triggering calls to Schwab clients when they neared a margin call. The thinking behind the calls, Wurster explained then, was that customers could top off accounts rather than automatically being pulled out of a position, which he said that clients appreciated at the time.

Schwab said on Friday that margin balances ended the quarter at $83.4 billion – largely flat quarter over quarter — “as investors selectively increased leverage while equity markets rebounded following the disruption in early April.”

The firm also said new brokerage account openings rose 11% year-over-year to 1.1 million.

Schwab said that client transactional sweep cash ended June at $412.1 billion, “enabling us to further reduce higher cost bank funding by $10.4 billion to $27.7 billion at quarter-end,” CFO Mike Verdeschi said in the statement.