Charles Schwab Reports 8% Gain in November Client Assets


Financial giant Charles Schwab (NASDAQ:SCHW) said Tuesday that net new assets from new and existing clients surged 33% in November from the same period last year.

The San Francisco-based company posted net assets from new and existing customers of $8 billion, up from $6 billion a year ago, edging 18% higher than September.

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The improved results brought total client assets to $1.513 trillion last month, up 8% compared with $1.4 trillion in the same month last year, flat sequentially.

Client daily average trades gained 10% to 413,900 in November, higher than 375,300 a year ago, up 11% from the month prior.

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