Charles Schwab (SCHW) Reports $6.4 Billion in New Assets
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Price: $108.28 -1.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.4%
Revenue Growth %: +17.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.4%
Revenue Growth %: +17.4%
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The Charles Schwab Corporation (Nasdaq: SCHW) released its Monthly Market Activity Report today. Company highlights for the month of January 2011 include:
Net new assets brought to the company by new and existing clients in January 2011 totaled $6.4 billion, including a scheduled $2.1 billion outflow related to a mutual fund clearing services client; Total client assets were $1.59 trillion as of month-end January, up 13.8% from January 2010 and up 1.3% from December 2010; Client daily average trades were 511.8 thousand in January 2011, up 10% from January 2010 and up 28% from December 2010; and January 2011 trading activity was elevated by a seasonal rise in Schwab Mutual Fund OneSource transactions.
Net new assets brought to the company by new and existing clients in January 2011 totaled $6.4 billion, including a scheduled $2.1 billion outflow related to a mutual fund clearing services client; Total client assets were $1.59 trillion as of month-end January, up 13.8% from January 2010 and up 1.3% from December 2010; Client daily average trades were 511.8 thousand in January 2011, up 10% from January 2010 and up 28% from December 2010; and January 2011 trading activity was elevated by a seasonal rise in Schwab Mutual Fund OneSource transactions.
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