Charles Schwab says ‘NIM should continue to expand’ in 2025

In slides for the company’s Fall Business Update, Charles Schwab states that its 2025 financial outlook “will be shaped by a range factors, including the macroeconomic environment, interest rates, market sentiment, and client engagement.” The company adds: “NIM should continue to expand – even in a lower rate environment – influenced by the path of rates and interest-earning asset and liability mix; Balance sheet size will be influenced by trajectory of client cash as well as the pace of pay down of Bank Supplemental Funding”.