Schwab Core Net New Assets Brought To Co. By New And Existing Clients Increased To $32.8B For The Month, Total Client Assets Grew 20% YoY To $9.74T
Portfolio Pulse from Benzinga Newsdesk
Charles Schwab reported an increase in core net new assets to $32.8 billion for the month, with total client assets growing 20% year-over-year to $9.74 trillion.
September 16, 2024 | 12:47 pm
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Charles Schwab's core net new assets increased to $32.8 billion, and total client assets grew 20% year-over-year to $9.74 trillion, indicating strong client acquisition and retention.
The increase in core net new assets and total client assets suggests strong performance and growth for Charles Schwab, likely leading to a positive short-term impact on its stock price.
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