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Net New Assets

All articles tagged with #net new assets

business2 years ago•1 min saved

Charles Schwab's Q3 Earnings Beat Despite Declining Net Interest Revenue and Deposits

Charles Schwab reported Q3 earnings that beat analyst estimates, despite experiencing attrition due to the conversion of TD Ameritrade accounts. Clients have been moving funds from bank accounts to money market funds for better returns. Total net new assets decreased from the previous quarter, but September core net new assets showed signs of improvement. The company's adjusted EPS exceeded expectations, while net revenue remained in line with estimates. Schwab's stock rose slightly in premarket trading. Net interest revenue and trading revenue declined, while asset management and administration fees increased. Total expenses rose compared to the previous quarter.

via Seeking Alpha|

#assets #business #charles-schwab

finance2 years ago•0 min saved

Schwab's Resignation of TD Ameritrade RIA Clients Contributes to $20 Billion Asset Hiccup

Charles Schwab has proactively resigned from certain atypical custodial relationships with TD Ameritrade RIA custody clients, which partially contributed to a $20 billion net new asset hiccup in July. The move was made to maintain consistency, according to the company's CFO.

via RIABiz|

#finance #net-new-assets #resignations

finance2 years ago•0 min saved

Charles Schwab's Robust Business and $53B Influx of New Client Assets Calm Investor Concerns.

Charles Schwab Corp. reported $53 billion in core net new client assets in March, the second-highest for that month in the firm's history. The company's founder and CEO sought to calm investor concerns about its outlook after attention turned to unrealized losses in its financial statements.

via Bloomberg|

#charles-schwab #client-assets #finance

finance2 years ago•1 min saved

Schwab's Safe Haven Status Attracts Billions Amid Market Turmoil

Charles Schwab reassured investors that it remained a "safe port in a storm" amidst the current crisis of investor confidence in the banking sector. The financial services and discount brokerage giant added $16.5 billion in core net new assets over the past five trading days. Despite a drop in stock prices, Schwab's executives and directors have bought nearly $7 million worth of shares over the past week.

via MarketWatch|

#charles-schwab #finance #financial-services