- Total client assets reached $11.23 trillion in August, representing a 2.4% increase month-over-month.
- Core net new assets, brought in by new and existing clients, totaled $44.4 billion, but saw a decrease of 5.3% from the previous month.
- Net new client assets were $43.3 billion, also down by 5.3% compared to the previous month.
- The number of new brokerage accounts increased by 1.3% month-over-month, reaching 382,000.
A look at Schwab (Charles) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Charles Schwab has a positive long-term outlook. With strong scores in Growth, Resilience, and Momentum, the company is positioned well for future success. The Growth score indicates promising potential for expansion and increasing market share, while the Resilience score signals the company’s ability to withstand economic downturns and navigate challenges effectively. Additionally, the Momentum score suggests that Charles Schwab is gaining traction and momentum in the market, which bodes well for its future performance. Although the Dividend score is lower, the overall outlook remains optimistic for Charles Schwab.
The Charles Schwab Corporation offers a range of financial services to various clients, including individual investors, independent investment managers, retirement plans, and institutions. Operating in the United States, Puerto Rico, and the United Kingdom, the company provides securities brokerage, banking, and related financial services. With a solid foundation in the industry and strong Smart Scores in key areas, Charles Schwab appears to be well-positioned for continued growth and success in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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