Zinger Key Points
- Charles Schwab stock rises Thursday on data from the company's November activity report.
- Shares have risen over 26% over the past month, aided by macroeconomic tailwinds.
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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