Schwab (SCHW) Reports Sequential Fall in April Net New Assets
SCHWCharles Schwab(SCHW) Zacks Investment Research·2024-05-16 01:26

Charles Schwab (SCHW) has reported its monthly activity report for April 2024. The company’s core net new assets of $1 billion declined 98% from the previous month’s level but increased 143% from the prior-year month.Schwab’s total client assets in April 2024 were $8.85 trillion, down 3% from the March 2024 level and up 16% from April 2023. Client assets receiving ongoing advisory services were $4.50 trillion, down 3% from the prior month and up 15% year over year.Schwab’s average interest-earning assets of ...