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Charles Schwab Lifts 2024 Revenue Growth Outlook, Reports Increase in Total Client Assets in November
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Charles Schwab Lifts 2024 Revenue Growth Outlook, Reports Increase in Total Client Assets in November
Dec 13, 2024 6:50 AM

09:22 AM EST, 12/13/2024 (MT Newswires) -- Charles Schwab ( SCHW ) said Friday it expects full-year 2024 net revenue growth of 3% to 3.5% compared with a year earlier, up from a prior outlook for year-over-year growth of 2% to 3%.

The company said its total client assets reached $10.31 trillion in November, up 26% year-over-year and 5% higher sequentially.

Core net new assets brought to the company were $28.8 billion in November, up 33% from a year earlier and 17% higher compared with October, the company said.

New brokerage accounts reached 357,000 in November, up 25% year-over-year and 8% higher month-over-month, the company said.

Shares were edging 0.2% higher ahead of Friday's opening bell.

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