Charles Schwab Releases Monthly Market Activity Report (SCHW)

Charles Schwab Releases Monthly Market Activity Report (SCHW)

RSS

Financial services company, Charles Schwab Corp (SCHW) released its Monthly Market Activity Report for May on Friday.

The company’s new assets brought in by new and existing clients in May were $1.9 billion. The new assets for the month included a $10.3 billion outflow related to mutual fund clearing services client. The clearing is a part of a planned transfer which will total $80 billion. The company has already paid $18 billion to the client.

Total client assets in May were $2.11 trillion, a 20% increase from a year ago, but flat from April.

Daily trades made by clients were 505.4 thousand, up 17% from May 2012, and 8% from April.

Charles Schwab shares were mostly flat during Friday morning trading. The stock is up 39% YTD.

The Bottom Line
Shares of Charles Schwab Corp (SCHW) have a 1.20% yield, based on Friday morning’s price of $19.99.

Charles Schwab Corp (SCHW) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today