Charles Schwab (SCHW) Announces August Market Activity
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The Charles Schwab Corporation (Nasdaq: SCHW) released its Monthly Market Activity Report today.
Company highlights for the month of August 2006 include: 1) Net new assets brought to the Company by new and current clients in August 2006 totaled $7.1 billion, 2) Total client assets were $1.312 trillion as of month-end August, up 14% from August 2005 and up 2% from July 2006. In comparison, the Schwab 1000 Index(R) was up 7% from August 2005 and up 2% from July 2006, and 3) Client daily average trades were 222.9 thousand in August 2006, up 4% from August 2005 and down 9% from July 2006.
Company highlights for the month of August 2006 include: 1) Net new assets brought to the Company by new and current clients in August 2006 totaled $7.1 billion, 2) Total client assets were $1.312 trillion as of month-end August, up 14% from August 2005 and up 2% from July 2006. In comparison, the Schwab 1000 Index(R) was up 7% from August 2005 and up 2% from July 2006, and 3) Client daily average trades were 222.9 thousand in August 2006, up 4% from August 2005 and down 9% from July 2006.
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