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Schwab’s (SCHW) January Metrics Show Y/Y Improvement


The Charles Schwab Corporation SCHW released monthly activity report for Jan 2017, which shows an improvement over the year-ago period. Total client assets were $2.83 trillion at the end of the month, up 17% year over year. Further, client assets receiving ongoing advisory services were $1.43 trillion, up 17% year over year.

Also, average interest earning assets were approximately $216 billion at January end, reflecting 22% surge on a year-over-year basis.

Schwab opened 111,000 new brokerage accounts in Jan 2017, up 34% from the prior-year month. Moreover, net new assets, through both existing and new clients totaled $11.1 billion, up 37% year over year.

Additionally, the company’s active brokerage accounts totaled $10.20 million at the end of the month, up 4% from the Jan 2016 level. The client’s banking accounts at the end of the reported month came in at 1.1 million, growing 7% from the year-ago period. Further, the number of retirement plan participants was 1.54 million, which increased 2% year over year.

Shares of the company have gained 80.9% in a year’s time, outperforming the 71.6% growth of the Zacks categorized Investment Brokers industry.

Currently, Schwab carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Among others, E*TRADE Financial Corporation ETFC reported a rise in its Daily Average Revenue Trades (DARTs) for Jan 2017. According to its monthly market activity, the company’s DARTs were 201,464, up 8% from the prior month and 15% year over year.

TD Ameritrade Holding Corporation AMTD came up with average client trades per day of 521,000 in its activity report for Jan 2017. While the reported figure increased 8% from the prior month, it decreased 8% compared with the year-ago period.

Interactive Brokers Group, Inc.’s IBKR total client DARTs were 646,000 for Jan 2017, down 22% from Jan 2016, but up 9% from Dec 2016.

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