Schwab's (SCHW) July Core Net New Assets Significantly Rise Y/Y

Charles Schwab (SCHW) reported its monthly activity report for July 2024. The company’s core net new assets of $29 billion surged substantially from$13.7 billion recorded in the prior-year month but was unchanged from the previous month.SCHW’s total client assets in July 2024 were $9.57 trillion, up 2$4.83 trillion, rising 2% from the prior month and 16% year over year.Schwab’s average interest-earning ...