Charles Schwab (SCHW) released its monthly activity report. Company highlights for the month of October include: core net new assets brought to the company increased 80% versus October 2024 to reach $44.4B, a record for the month of October. Total client assets equaled $11.83T as of month-end October, up 20% from October 2024 and up 2% compared to September. New brokerage accounts opened during the month totaled 429,000, up 30% versus October 2024. Investor engagement accelerated in October, with average margin loan balances rising 7% versus September and daily average trades reaching 8.6M. Transactional sweep cash increased by $3.2B to end October at $428.8B, reflecting typical seasonality, net asset gathering, and client engagement with the markets.
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