Schwab total client assets fall 8% from year-ago but rise from previous month

Charles Schwab Corp. said Wednesday its total client assets for November fell 8% from the year ago period to $7.32 trillion. The figure rose 5% from October. Client cash as a percentage of assets was 11.5% as of Nov. 30, compared with 10.5% in November 2021 and 12.2% in October 2022. Shares of Charles Schwab are down 7.6% in 2022, compared to a 15.7% drop in the S&P 500 .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Previous post This 529 savings plan myth is making college pricier for families, consultant says: ‘It’s candidly, blatantly not true’
Next post U.S. stocks open higher ahead of Federal Reserve’s rate decision