Schwab trading volume up sharply year-over-year
Charles Schwab Corp. said today that its clients' daily trading volume rose sharply from one year ago, and was up slightly from the previous month.
Charles Schwab Corp. said today that its clients’ daily trading volume rose sharply from one year ago, and was up slightly from the previous month.
Last month’s daily average volume of 370,900 trades was up 22 percent from May 2008, and up 1 percent from April 2009, the San Francisco-based financial services company said.
New and existing clients brought $7.5 billion in net new assets to Schwab in May, and the company’s total client assets were valued at $1.22 trillion at the end of the month. That figure is down 17 percent from May 2008 and up 5 percent from April 2009.
Shares of Schwab fell 18 cents to $17.58 in midday trading.
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