Charles Schwab Corp

NYSE:SCHWUnited States

Jun 14, 2024

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• DJ Schwab Investing Survey: Gen Z Gets an Early Start as Confidence Rises -- Barrons.com, from 7:35PM ET on Friday Jun 14, 2024 by Dow Jones

  7:35PM ET on Friday Jun 14, 2024 by Dow Jones
  Companies Mentioned: MSFT, SCHW, AAPL, GDDY
  
  By Amethyst Martinez
  
  Younger Americans are investing earlier. On average, Gen Z -- generally described as those born from 1997 to 2012 -- began saving and investing at 19 years old. Baby boomers -- born from 1946 to 1964 -- didn't start until 35, on average.
  

• Top Midday Stories: FAA Probes 'Counterfeit' Titanium at Boeing, Airbus; Adobe Lifts Full-Year Outlook; Vanguard Reversal Helps in Tesla CEO Pay Package Approval, from 12:34PM ET on Friday Jun 14, 2024 by MT Newswires

  12:34PM ET on Friday Jun 14, 2024 by MT Newswires
  Companies Mentioned: STLA, GME, HD, TSLA, SCHW, ADBE, PSX, BA, SPR
  12:34 PM EDT, 06/14/2024 (MT Newswires) -- All three major US stock indexes were down around noon Friday after the University of Michigan's Survey of Consumers showed that sentiment among consumers fell to 65.6 in June from 69.1 in May. In company ...

• Charles Schwab Total Client Assets Rise 20% in May, from 9:32AM ET on Friday Jun 14, 2024 by MT Newswires

  9:32AM ET on Friday Jun 14, 2024 by MT Newswires
  Companies Mentioned: SCHW
  09:32 AM EDT, 06/14/2024 (MT Newswires) -- Charles Schwab (SCHW) said Friday that its total client assets reached $9.21 trillion in May, up 20% from a year earlier and 4% from April. Core net new assets brought to the company by clients were $31.1 b...

• Schwab Reports Monthly Activity Highlights, from 8:45AM ET on Friday Jun 14, 2024 by Dow Jones

  8:45AM ET on Friday Jun 14, 2024 by Dow Jones
  Companies Mentioned: SCHW
  Equities (1,366) 9,190 7,423 (278) 675 (3,039) 6,099 7,903 8,182 7,624 10,379 3,472 5,734 Hybrid (889) (903) (407) (1,037) (828) (1,457) (1,466) (1,596) (501) (1,330) (439) (703) (558) Bonds 2,029 3,302 2,515 4,696 2,723 1,094 255 6,104 7,510 9,883 7,561 5,949 5,854 Net Buy (Sell) Activity (in millions of dollars) Mutual Funds (9) (7,157) (4,485) (3,333) (6,476) (5,853) (12,245) (9,267) (7,406) (966) (1,348) (1,607) (4,818) (5,544) Exchange-Traded Funds (10) 6,931 16,074 12,864 9,857 8,423 8,843 14,155 19,817 16,157 17,525 19,108 13,536 16,574 Money Market Funds 15,256 9,112 7,911 16,869 13,388 16,976 11,670 7,745 11,717 10,129 9,085 (2,357) 9,790 ------- Note: Certain supplemental details related to the information above can be found at: https://www.aboutschwab.com/financial-reports. (1) Unless otherwise noted, differences between net new assets and core net new assets are net flows from off-platform Schwab Bank Retail CDs. Additionally, 2024 includes an inflow of $10.3 billion from a mutual fund clearing services client in April, and 2023 includes outflows from a large international relationship of $0.8 billion in September, $6.2 billion in October, $5.4 billion in November, and $0.6 billion in December. (2) Net new assets before significant one-time inflows or outflows, such as acquisitions/divestitures or extraordinary flows (generally greater than $10 billion) relating to a specific client, and activity from off-platform Schwab Bank Retail CDs. These flows may span multiple reporting periods. (3) Excludes Retirement Business Services. (4) Beginning October 2023, Retirement Plan Participants was expanded to include accounts in Stock Plan Services, Designated Brokerage Services, and Retirement Business Services. Participants may be enrolled in services in more than one Workplace business. Prior periods have been recast to reflect this change. (5) Schwab One(R) , certain cash equivalents, bank deposits, third-party bank deposit accounts, and money market fund balances as a percentage of total client assets. (6) Beginning July 2023, client cash as a percentage of client assets excludes brokered CDs issued by Charles Schwab Bank. Prior periods have been recast to reflect this change. (7) Represents average total interest-earning assets on the Company's balance sheet. (8) Represents average clients' uninvested cash sweep account balances held in deposit accounts at third-party financial institutions. (9) Represents the principal value of client mutual fund transactions handled by Schwab, including transactions in proprietary funds. Includes institutional funds available only to Investment Managers. Excludes money market fund transactions. (10) Represents the principal value of client ETF transactions handled by Schwab, including transactions in proprietary ETFs. N/M - Not meaningful. Percentage changes greater than 200% are presented as not meaningful.