Schwab's October Core Net New Assets Rise Significantly Y/Y

Charles Schwab (SCHW) released its monthly activity report for October 2024. The company’s core net new assets of $24.6 billion surged substantially from$11.3 billion recorded in the year-ago month but declined from the previous month’s $33.5 billion.SCHW’s October Performance BreakdownSCHW’s total client assets in October 2024 were$9.85 trillion, down marginally from the September 2024 level but up 28.7% from October 2023. Client assets receiving ongoing advisory services were $4.97 trillion, falling 1% ...