Charles Schwab Corporation recorded total client assets of $5.88 trillion, up 34% month over month and 53% increase year over year, according to the company’s press release. The monthly activity report reflects the recent acquisition of TD Ameritrade.
- Core net new assets brought to the company by new and existing clients were $25.6 billion.
- Core net new assets, excluding mutual fund clearing, were $25.7 billion.
- Average interest-earning assets totalled $442.1 billion in October, up 66% year over year and a rise of 13% from September 2020.
Charles Schwab Corporation Common Stock is currently gaining. SCHW: NYSE is up 1.18%