Why Charles Schwab Stock Gained Today

Zinger Key Points

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

Image by Nattanan Kanchanaprat from Pixabay

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SCHWCharles Schwab Corp
$89.930.68%

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