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March 14, 2014
08:48 EDTSCHWCharles Schwab reports February net new assets $10.9B
Charles Schwab released its Monthly Market Activity Report and said company highlights for the month of February include net new assets brought to the company by new and existing clients in February totaled $10.9B. Reports total client assets were a record $2.29T as of month-end February, up 13% from February FY13 and up 3% compared to January. Reports Clients’ daily average trades were 556.4 thousand in February, up 10% compared to February FY13 and down 5% compared to January. February trading activity included a 3% sequential decrease in daily average revenue trades.
News For SCHW From The Last 14 Days
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October 2, 2015
13:26 EDTSCHWBanks, brokers slide as weak jobs report pushes out rate hike
Shares of banks and brokers are sliding after a weak jobs report pushed out the probability of near-term rate hike. WHAT'S NEW: Friday morning, the Labor Department reported that the U.S. economy added only 142,000 jobs in September compared to economists expectations of 203,000. The Labor Department's September jobs report strengthened the argument that the Fed will not raise rates in October, and even lessened the probability of a December rate hike. An increase in interest rates would let banks and brokers benefit from higher spreads on deposits. PRICE ACTION: Shares of Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB), and Wells Fargo (WFC) are all declining despite a rebound in the broad market. OTHERS TO WATCH: Shares of online brokers, including TD Ameritrade (AMTD), Charles Schwab (SCHW), E*TRADE (ETFC), and Interactive Brokers (IBKR) are also lower in afternoon trading.
October 1, 2015
08:00 EDTSCHWSecurity Traders Association to hold a conference
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