Why Charles Schwab Is Rising Today
SCHWCharles Schwab(SCHW) The Motley Fool·2024-09-17 01:14

The company provided a business update this morning.Shares of the large broker Charles Schwab (SCHW 2.46%) traded as much as 3.2% higher after the company reported a business update this morning, indicating that third-quarter results are trending as expected. The company also showed good net new asset growth.Good third-quarter trendsSchwab reported net new asset growth of $32.8 billion in August, $4.9 billion more than in August of 2023. August also included expected attrition ahead of a client conversion w ...