Why Charles Schwab Stock Gained Today

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.

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SCHW Price Action: Shares of SCHW were up 6.61% at $70.69 at the time of publication, according to Benzinga Pro. 

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