Schwab's (SCHW) July Core Net New Assets Significantly Rise Y/Y
SCHWCharles Schwab(SCHW) ZACKS·2024-08-19 23:21

Charles Schwab (SCHW) reported its monthly activity report for July 2024. The company’s core net new assets of 29billionsurgedsubstantiallyfrom29 billion surged substantially from 13.7 billion recorded in the prior-year month but was unchanged from the previous month.SCHW’s total client assets in July 2024 were 9.57trillion,up29.57 trillion, up 2% from the June 2024 level and 16% from July 2023. Client assets receiving ongoing advisory services were 4.83 trillion, rising 2% from the prior month and 16% year over year.Schwab’s average interest-earning ...