Charles Schwab (SCHW) released its monthly activity report. Core net new assets brought to the company by new and existing clients totaled $48B, a year-over-year increase of approximately 44%. Total client assets equaled $10.28T as of month-end February, up 16% from February 2024 and down 1% compared to January. New brokerage accounts opened during the month totaled 362,000, representing the 15th consecutive month of at least 300,000 new account opens. February daily average trades rose 1% month-over-month to 7.45M, driven by a continued interest in equity securities. Transactional sweep cash increased by $4.7B to end February at $404.3B.
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