Market Overview

Schwab Reports Monthly Activity Highlights

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The Charles Schwab Corporation released its Monthly Activity Report
today. Company highlights for the month of February 2017 include:

This Smart News Release features multimedia. View the full release here:
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  • Net new assets brought to the company by new and existing clients in
    February 2017 totaled $6.6 billion, including a $9.0 billion outflow
    related to a mutual fund clearing services client.
  • Total client assets were a record $2.90 trillion as of month-end
    February, up 19% from February 2016 and up 2% compared to January 2017.
  • New brokerage accounts totaled 113,000 in February, up 35% from
    February 2016 and the third consecutive month in excess of 100,000
    accounts.

About Charles Schwab

The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of
financial services, with more than 335 offices and 10.3 million active
brokerage accounts, 1.5 million corporate retirement plan participants,
1.1 million banking accounts, and $2.90 trillion in client assets as of
February 28, 2017. Through its operating subsidiaries, the company
provides a full range of wealth management, securities brokerage,
banking, money management, custody, and financial advisory services to
individual investors and independent investment advisors. Its
broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, http://www.sipc.org),
and affiliates offer a complete range of investment services and
products including an extensive selection of mutual funds; financial
planning and investment advice; retirement plan and equity compensation
plan services; referrals to independent fee-based investment advisors;
and custodial, operational and trading support for independent,
fee-based investment advisors through Schwab Advisor Services. Its
banking subsidiary, Charles Schwab Bank (member FDIC and an Equal
Housing Lender), provides banking and lending services and products.
More information is available at www.schwab.com
and www.aboutschwab.com.

The Charles Schwab Corporation Monthly Activity Report For
February 2017
                             
2016 2017  

Change

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mo.

Yr.

Market Indices
(at month end)
Dow Jones Industrial Average 16,517 17,685 17,774 17,787 17,930 18,432 18,401 18,308 18,142 19,124 19,763 19,864 20,812 5 % 26 %
Nasdaq Composite 4,558 4,870 4,775 4,948 4,843 5,162 5,213 5,312 5,189 5,324 5,383 5,615 5,825 4 % 28 %
Standard & Poor's 500 1,932 2,060 2,065 2,097 2,099 2,174 2,171 2,168 2,126 2,199 2,239 2,279 2,364 4 % 22 %
Client Assets
(in billions of dollars)
Beginning Client Assets 2,428.3 2,433.6 2,556.7 2,576.2 2,607.2 2,622.0 2,698.2 2,710.4 2,725.3 2,686.7 2,734.6 2,779.5 2,831.3
Net New Assets (1) 10.9 13.0 1.3 16.0 9.3 9.0 10.4 10.6 6.1 11.9 18.9 11.1 6.6 (41 %) (39 %)
Net Market (Losses) Gains (5.6 )   110.1     18.2     15.0     5.5     67.2     1.8     4.3     (44.7 )   36.0     26.0     40.7   57.3  
Total Client Assets (at month end) 2,433.6     2,556.7     2,576.2     2,607.2     2,622.0     2,698.2     2,710.4     2,725.3     2,686.7     2,734.6     2,779.5     2,831.3   2,895.2   2 % 19 %
 
Receiving Ongoing Advisory Services
(at month end)
Investor Services 187.9 197.9 200.3 202.7 205.0 210.2 211.7 213.4 211.3 213.2 217.1 220.8 227.9 3 % 21 %
Advisor Services (2) 1,032.3 1,084.0 1,093.2 1,103.7 1,110.5 1,142.3 1,149.4 1,155.4 1,140.5 1,161.8 1,184.3 1,208.4 1,239.0 3 % 20 %
Client Accounts
(at month end, in thousands)
Active Brokerage Accounts 9,826 9,869 9,916 9,948 9,977 9,989 10,021 10,046 10,068 10,102 10,155 10,198 10,254 1 % 4 %
Banking Accounts 1,045 1,047 1,053 1,060 1,065 1,074 1,083 1,088 1,092 1,099 1,106 1,109 1,117 1 % 7 %
Corporate Retirement Plan Participants 1,523 1,532 1,532 1,555 1,553 1,559 1,565 1,561 1,547 1,550 1,543 1,543 1,534 (1 %) 1 %
Client Activity
New Brokerage Accounts (in thousands) 84 98 103 81 87 84 96 84 84 93 116 111 113 2 % 35 %
Inbound Calls (in thousands) 1,737 1,902 1,867 1,554 1,665 1,605 1,755 1,633 1,565 1,642 1,931 1,817 1,787 (2 %) 3 %
Web Logins (in thousands) 33,283 38,078 37,854 38,000 43,220 46,217 42,627 38,237 35,429 37,687 40,720 40,047 40,717 2 % 22 %
Client Cash as a Percentage of Client Assets (3) 13.7 % 13.1 % 12.8 % 12.7 % 12.6 % 12.5 % 12.5 % 12.5 % 12.8 % 12.8 % 13.0 % 12.7 % 12.4 % (30) bp (130) bp

Mutual Fund and Exchange-Traded Fund Net Buys (Sells)
(4, 5)

(in millions of dollars)
Large Capitalization Stock (212 ) (462 ) (857 ) (799 ) 185 (1,173 ) (755 ) (1,209 ) (652 ) 200 565 265 580
Small / Mid Capitalization Stock 58 685 (86 ) (272 ) (113 ) (320 ) (214 ) 460 (190 ) 877 1,103 1,364 673
International (28 ) 833 324 (207 ) (1,208 ) (347 ) 386 (26 ) (1 ) 348 (683 ) 1,296 1,633
Specialized 260 191 815 265 470 357 189 (274 ) (159 ) (1,019 ) 20 411 1,007
Hybrid 38 281 14 1,133 (403 ) (463 ) (219 ) 58 (432 ) (687 ) (456 ) (53 ) 258
Taxable Bond 546 1,628 1,098 1,526 1,421 1,420 1,888 1,585 1,475 (1,110 ) 1,045 3,144 3,535
Tax-Free Bond 641 949 479 940 700 766 920 539 20 (1,090 ) (1,692 ) 864 472
Net Buy (Sell) Activity
(in millions of dollars)
Mutual Funds (4) 197 1,769 (207 ) 620 (2,049 ) (1,683 ) (297 ) (656 ) (1,979 ) (5,864 ) (5,825 ) 2,522 4,005
Exchange-Traded Funds (5) 1,106 2,336 1,994 1,966 3,101 1,923 2,492 1,789 2,040 3,383 5,727 4,769 4,153
Money Market Funds 1,359 (2,101 ) (3,959 ) (738 ) (1,799 ) 701 (768 ) (658 ) 211 1,851 1,141 (1,761 ) (181 )
Average Interest-Earning Assets (6)
(in millions of dollars) 178,610 181,529 183,341 184,432 187,933 191,850 194,268 199,107 201,894 206,970 212,052 216,001 216,112   - 21 %
(1)   February 2017 includes an outflow of $9.0 billion from a mutual fund
clearing services client. May 2016 includes an inflow of $2.7
billion from a mutual fund clearing services client.
(2) Excludes Retirement Business Services Trust and Corporate Brokerage
Retirement Services.
(3) Schwab One®, certain cash equivalents, bank deposits and
money market fund balances as a percentage of total client assets.
(4) Represents the principal value of client mutual fund transactions
handled by Schwab, including transactions in proprietary funds.
Includes institutional funds available only to Investment Managers.
Excludes money market fund transactions.
(5) Represents the principal value of client ETF transactions handled by
Schwab, including transactions in proprietary ETFs.
(6) Represents average total interest-earning assets on the Company's
balance sheet.

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