Schwab March Core Net New Assets Equaled $45B; Total Client Assets $9.1T, Up 20% YoY
Portfolio Pulse from Benzinga Newsdesk
Schwab reported March core net new assets totaling $45 billion, with total client assets reaching $9.1 trillion, marking a 20% increase year-over-year.
April 15, 2024 | 12:03 pm
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POSITIVE IMPACT
Schwab's March core net new assets were $45 billion, with total client assets now at $9.1 trillion, a 20% increase from last year.
The significant increase in core net new assets and total client assets indicates strong growth and investor confidence in Schwab. This positive financial performance is likely to be viewed favorably by investors, potentially leading to a short-term increase in SCHW's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100