Charles Schwab (SCHW) Reports November Monthly Activity
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The Charles Schwab Corporation (Nasdaq: SCHW) released its Monthly Market Activity Report today. Beginning with this report, all client-related amounts have been adjusted to exclude U.S. Trust Corporation in light of its pending sale.
Company highlights for the month of November 2006 include: Net new assets brought to the Company by new and current clients in November 2006 totaled $10.5 billion. Total client assets were $1.224 trillion as of month-end November, up 17% from November 2005 and up 3% from October 2006. In comparison, the Schwab 1000 Index� was up 12% from November 2005 and up 2% from October 2006. Client daily average trades were 251.2 thousand in November 2006, down 5% from November 2005 and up 3% from October 2006.
Company highlights for the month of November 2006 include: Net new assets brought to the Company by new and current clients in November 2006 totaled $10.5 billion. Total client assets were $1.224 trillion as of month-end November, up 17% from November 2005 and up 3% from October 2006. In comparison, the Schwab 1000 Index� was up 12% from November 2005 and up 2% from October 2006. Client daily average trades were 251.2 thousand in November 2006, down 5% from November 2005 and up 3% from October 2006.
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