Schwab shares lower after August trades report

Shares of Charles Schwab Corp. fell today after the brokerage and investment manager said total clients assets fell 6 percent in August and low interest rates are pressuring revenue.
Shares fell 51 cents, or 2.7 percent to $17.86 in midday trading and earlier traded as low as $17.60.
While trends point to positive momentum — its total client assets were a 3 percent improvement over July — Chief Financial Officer Joe Martinetto said trading activity in the third quarter is running below second-quarter levels, and further declines in short-term interest rates have placed additional near-term pressure on revenue.
He said declining yields in the company