Reported 2 days ago
Charles Schwab Corp. reported a significant 48% increase in net new assets, totaling $134.4 billion in the third quarter, driven by a rise in retail investing. The firm exceeded analyst expectations with daily average trades up 30% to 7.42 million and maintained strong interest from retail customers, particularly Gen Z investors. Schwab plans to enhance access to alternative investments and expand its branch network while competing with digital investing platforms like Robinhood.
Source: YAHOO