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Schwab November net new assets fall 23% Y/Y

Dec. 13, 2019 8:57 AM ETThe Charles Schwab Corporation (SCHW) StockBy: Liz Kiesche, SA News Editor8 Comments
  • Charles Schwab (NYSE:SCHW) reports November net new assets of $12.0B, down 66% from October and 23% from November 2018, while core net new assets of $12.0B fell 50% M/M and 23% Y/Y.
  • Total client assets of $3.94T at month end rose 2% M/M and 15% from a year ago.
  • Average interest-earning assets of $268.3B increased 1% both M/M and Y/Y.

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