Charles Schwab core net new assets in April more than double from a year ago
Charles Schwab reported core net new assets of $7.2 billion in April, a 167% year-over-year increase, though down 91% from March due to seasonal tax disbursements. Total client assets reached $12.6 trillion, up 27% annually. The company also noted growth in sweep cash, active brokerage accounts, and daily trades. SCHW stock rose 0.3% in premarket trading.
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