Schwab Client Assets Down In May

Discount brokerage firm The Charles Schwab Corporation (NASDAQ:SCHW) released its monthly activity report for May 2010 on Monday, recording a 7.0% sequential decline in total client assets. At the end of May, client assets totaled $1.412 trillion, up 16% on year-over-year basis.

For the month of May, client trading was very active, with daily average trades recorded at 512,700, up 17.0% from the prior month and 14.0% on a year-over-year basis. For the month, Schwab’s net new assets — including … [visit site to read more]


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