The Charles Schwab Corporation SCHW shares are trading higher on Thursday after the company released its November activity report.
What To Know: One of the most notable figures from the report was total client assets reaching $8.18 trillion, an increase of 7% from October.
Other highlights from the November report included core net new assets brought to the company by new and existing clients totaling $21.7 billion and transactional sweep cash increasing by $5.0 billion, compared to the previous month.
Thursday's price move marks another gain for the stock following an already successful month, driven by a decline in Treasury yields and more recently, the Fed's decision to leave interest rates unchanged.
Related Link: Biden To Decide On Psychedelic Therapy Bill, Trial Funds For Active Servicemembers
SCHW Price Action: Shares of SCHW were up 6.61% at $70.69 at the time of publication, according to Benzinga Pro.
Image by Nattanan Kanchanaprat from Pixabay
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
