Walter “Walt” Bettinger, president and chief executive officer of Charles Schwab, speaks at the 2015 Fortune Global Forum in San Francisco, California, Tuesday, Nov. 3, 2015.

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Charles Schwab CEO Walt Bettinger said Tuesday that retail investors using his brokerage platform are showing signs of being bullish on stocks.

Schwab clients have been increasing their stock exposure over the past few months, Bettinger said. Buy orders on Charles Schwab’s platform were 20 percent higher than sell orders, showing investor optimism about the market, he added.

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“What’s interesting about June is that even though the cash adjustment fell to its lowest level in many months, part of that is because clients are now coming back into the stock market. So that’s a good thing,” Bettinger said in “Scream on the Street” Sound”.

“Clients are simply moving to cash to pay higher yields. They’re coming back to the market. We’re seeing about 20% more overall buying than selling in Q2. Our customers are showing some optimism. ’ he added.

The S&P 500 is up more than 18% this year after posting its best first half of 2019.

Schwab shares soared 12% on Tuesday second quarter report beyond expectation. Schwab reported adjusted earnings of 75 cents a share on revenue of $4.66 billion. Analysts polled by Refinitiv estimated earnings of 71 cents a share on revenue of $4.61 billion.

Even after Tuesday’s surge, the stock is still down more than 21% for the year. Schwab shares sold off sharply during the regional banking crisis earlier this year amid concerns about deposit outflows and its balance sheets.

— CNBC’s Jesse Pound contributed reporting.

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