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Charles Schwab's Client Assets Rise 20% in February From Year Earlier
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Charles Schwab's Client Assets Rise 20% in February From Year Earlier
Mar 14, 2024 7:07 AM

09:30 AM EDT, 03/14/2024 (MT Newswires) -- Charles Schwab ( SCHW ) said Thursday its total client assets reached $8.880 trillion in February, up 20% from $7.380 trillion a year earlier.

The financial services provider said core net new assets brought to the company by new and existing clients were $33.4 billion last month.

Transactional sweep cash at the end of February was $403.2 billion, a decrease of $2.9 billion from January.

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