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 .

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