Read Time:37 Second
Charles Schwab Corp. SCHW said Wednesday its core net new assets brought to the company by new and existing clients totaled $20.7 billion in May. Net new assets excluding mutual fund clearing totaled $24.5 billion. Total client assets rose 5% from the year-ago period to $7.65 trillion as of May 30, but were flat with the previous month. Client cash as a percentage of assets was 11.5% as of May 30, compared with 12% in May, 2022 and 11.3% in April, 2023. Chares Schwab stock is down 0.4% in premarket trades.
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.
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
0
0
