Schwab Reports Monthly Activity Highlights
Charles Schwab (SCHW) reported strong November 2024 performance with $28.8 billion in core net new assets and total client assets reaching $10.31 trillion, marking a 26% increase year-over-year and 5% growth from October. Daily average trades rose 20% month-over-month to 6.6 million, driven by equity volumes. Transactional sweep cash remained stable at $393.7 billion.
The company revised its full-year 2024 net revenue growth forecast upward to 3.0-3.5% from the previous 2.0-3.0% range, citing increased investor engagement, post-election market strength, and stabilizing client cash balances.
Charles Schwab (SCHW) ha riportato un ottimo andamento per novembre 2024 con 28,8 miliardi di dollari in nuovi asset netti e il totale degli asset dei clienti che ha raggiunto 10,31 trilioni di dollari, segnando un aumento del 26% rispetto all'anno precedente e una crescita del 5% rispetto a ottobre. Il numero medio di operazioni giornaliere è aumentato del 20% mese su mese, arrivando a 6,6 milioni, grazie ai volumi di azioni. La liquidità transazionale è rimasta stabile a 393,7 miliardi di dollari.
L'azienda ha rivisto al rialzo la sua previsione di crescita del fatturato netto per l'intero anno 2024, portandola al 3,0-3,5% rispetto al precedente range del 2,0-3,0%, citando un aumento dell'impegno degli investitori, la solidità del mercato dopo le elezioni e la stabilizzazione dei saldi di cassa dei clienti.
Charles Schwab (SCHW) reportó un sólido desempeño en noviembre de 2024 con 28.8 mil millones de dólares en nuevos activos netos y un total de activos de clientes que alcanzó 10.31 trillones de dólares, marcando un aumento del 26% año tras año y un crecimiento del 5% desde octubre. El promedio diario de operaciones aumentó un 20% mes a mes, alcanzando 6.6 millones, impulsado por los volúmenes de acciones. El efectivo de barrido transaccional se mantuvo estable en 393.7 mil millones de dólares.
La compañía revisó al alza su pronóstico de crecimiento de ingresos netos para todo el año 2024 a 3.0-3.5% desde el rango anterior de 2.0-3.0%, citando un aumento en el compromiso de los inversores, la fortaleza del mercado posterior a las elecciones y la estabilización de los saldos de efectivo de los clientes.
찰스 슈왑 (SCHW)은 2024년 11월에 288억 달러의 신규 순자산을 기록하고 고객 총 자산이 10.31조 달러에 도달하며, 전년 대비 26% 증가하고 10월보다 5% 성장했다고 보고했습니다. 일일 평균 거래 건수는 주식 거래량에 힘입어 월 대비 20% 증가하여 660만 건에 달했습니다. 거래 스위프 현금은 3937억 달러로 안정세를 유지했습니다.
회사는 2024년 전체 연도 순 수익 성장 전망을 이전의 2.0-3.0% 구간에서 3.0-3.5%로 상향 조정하였으며, 투자자 참여 증가, 선거 후 시장 강세, 고객 현금 잔고 안정화를 이유로 꼽았습니다.
Charles Schwab (SCHW) a annoncé une performance solide en novembre 2024 avec 28,8 milliards de dollars d'actifs nets nouveaux et un total d'actifs clients atteignant 10,31 trillions de dollars, marquant une augmentation de 26 % d'une année sur l'autre et une croissance de 5 % par rapport à octobre. Le nombre moyen de transactions quotidiennes a augmenté de 20 % d'un mois sur l'autre pour atteindre 6,6 millions, grâce aux volumes d'actions. Les liquidités transactionnelles sont restées stables à 393,7 milliards de dollars.
L'entreprise a révisé à la hausse ses prévisions de croissance des revenus nets pour l'année 2024, les portant à 3,0-3,5% contre une précédente fourchette de 2,0-3,0%, citant un engagement accru des investisseurs, la force du marché après les élections et la stabilisation des soldes de trésorerie des clients.
Charles Schwab (SCHW) berichtete von einer starken Leistung im November 2024 mit 28,8 Milliarden Dollar an neuem Nettovermögen und einem Gesamtvermögen der Kunden von 10,31 Billionen Dollar, was einem Anstieg von 26 % im Jahresvergleich und 5 % gegenüber Oktober entspricht. Die durchschnittlichen täglichen Trades stiegen um 20 % im Monatsvergleich auf 6,6 Millionen, was durch die Aktienvolumina angetrieben wurde. Der transaktionale Sweep-Bargeldbestand blieb stabil bei 393,7 Milliarden Dollar.
Das Unternehmen hat seine Prognose für das Nettoumsatzwachstum für das gesamte Jahr 2024 auf 3,0-3,5% von zuvor 2,0-3,0% angehoben und verweist dabei auf das gestiegene Engagement der Investoren, die Marktfestigkeit nach den Wahlen und die Stabilisierung der Barguthaben der Kunden.
- Core net new assets increased by $28.8 billion
- Total client assets grew 26% YoY to $10.31 trillion
- Daily average trades increased 20% MoM to 6.6 million
- Upward revision of 2024 revenue growth guidance to 3.0-3.5%
- None.
Insights
-
Core net new assets brought to the company by new and existing clients totaled
$28.8 billion $24.1 billion -
Total client assets equaled
$10.31 trillion 26% from November 2023 and up5% compared to October 2024. -
Transactional sweep cash ended November at
$393.7 billion -
Driven primarily by equity volumes, November daily average trades increased by
20% month-over-month to 6.6 million. -
Full-year 2024 net revenue is currently expected to grow by
3.0% to3.5% versus the prior year, reflecting a combination of increased investor engagement, post-election equity market strength, and the continued stabilization of client transactional sweep cash balances. This represents an improvement from the2.0% to3.0% revenue growth range previously communicated at the Fall Business Update in October.
Forward-Looking Statements
This press release contains forward-looking statements relating to 2024 net revenue. These forward-looking statements reflect management’s expectations as of the date hereof. Achievement of these expectations and objectives is subject to risks and uncertainties that could cause actual results to differ materially from the expressed expectations. Important factors that may cause such differences are described in the company’s most recent reports on Form 10-K and Form 10-Q, which have been filed with the Securities and Exchange Commission and are available on the company’s website (https://www.aboutschwab.com/financial-reports) and on the Securities and Exchange Commission’s website (https://www.sec.gov). The company makes no commitment to update any forward-looking statements.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 36.2 million active brokerage accounts, 5.4 million workplace plan participant accounts, 2.0 million banking accounts, and
| The Charles Schwab Corporation Monthly Activity Report For November 2024 | |||||||||||||||||||||||||||||||||||||||||
2023 |
2024 |
Change | |||||||||||||||||||||||||||||||||||||||
| Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Mo. | Yr. | |||||||||||||||||||||||||||
| Market Indices (at month end) | |||||||||||||||||||||||||||||||||||||||||
| Dow Jones Industrial Average® | 35,951 |
|
37,690 |
|
38,150 |
|
38,996 |
|
39,807 |
|
37,816 |
|
38,686 |
|
39,119 |
|
40,843 |
|
41,563 |
|
42,330 |
|
41,763 |
|
44,911 |
|
|
|
|||||||||||||
| Nasdaq Composite® | 14,226 |
|
15,011 |
|
15,164 |
|
16,092 |
|
16,379 |
|
15,658 |
|
16,735 |
|
17,733 |
|
17,599 |
|
17,714 |
|
18,189 |
|
18,095 |
|
19,218 |
|
|
|
|||||||||||||
| Standard & Poor’s® 500 | 4,568 |
|
4,770 |
|
4,846 |
|
5,096 |
|
5,254 |
|
5,036 |
|
5,278 |
|
5,460 |
|
5,522 |
|
5,648 |
|
5,762 |
|
5,705 |
|
6,032 |
|
|
|
|||||||||||||
| Client Assets (in billions of dollars) |
|
|
|||||||||||||||||||||||||||||||||||||||
| Beginning Client Assets | 7,653.4 |
|
8,180.6 |
|
8,516.6 |
|
8,558.1 |
|
8,879.5 |
|
9,118.4 |
|
8,847.5 |
|
9,206.3 |
|
9,407.5 |
|
9,572.1 |
|
9,737.7 |
|
9,920.5 |
|
9,852.0 |
|
|
|
|||||||||||||
| Net New Assets (1) | 19.2 |
|
42.1 |
|
14.8 |
|
31.7 |
|
41.7 |
|
10.0 |
|
31.0 |
|
33.2 |
|
29.0 |
|
31.5 |
|
30.3 |
|
22.7 |
|
25.5 |
|
|
|
|||||||||||||
| Net Market Gains (Losses) | 508.0 |
|
293.9 |
|
26.7 |
|
289.7 |
|
197.2 |
|
(280.9 |
) |
327.8 |
|
168.0 |
|
135.6 |
|
134.1 |
|
152.5 |
|
(91.2 |
) |
427.9 |
|
|
|
|||||||||||||
| Total Client Assets (at month end) | 8,180.6 |
|
8,516.6 |
|
8,558.1 |
|
8,879.5 |
|
9,118.4 |
|
8,847.5 |
|
9,206.3 |
|
9,407.5 |
|
9,572.1 |
|
9,737.7 |
|
9,920.5 |
|
9,852.0 |
|
10,305.4 |
|
|
|
|||||||||||||
| Core Net New Assets (1,2) | 21.7 |
|
43.1 |
|
17.2 |
|
33.4 |
|
45.0 |
|
1.0 |
|
31.1 |
|
29.1 |
|
29.0 |
|
32.8 |
|
33.5 |
|
24.6 |
|
28.8 |
|
|
|
|||||||||||||
| Receiving Ongoing Advisory Services (at month end) |
|
|
|||||||||||||||||||||||||||||||||||||||
| Investor Services | 557.0 |
|
581.4 |
|
584.1 |
|
601.8 |
|
618.5 |
|
602.2 |
|
624.0 |
|
632.9 |
|
649.1 |
|
663.7 |
|
675.1 |
|
665.6 |
|
688.9 |
|
|
|
|||||||||||||
| Advisor Services (3) | 3,604.4 |
|
3,757.4 |
|
3,780.4 |
|
3,902.5 |
|
4,009.5 |
|
3,893.9 |
|
4,027.3 |
|
4,090.0 |
|
4,185.4 |
|
4,268.1 |
|
4,343.8 |
|
4,303.3 |
|
4,489.2 |
|
|
|
|||||||||||||
| Client Accounts (at month end, in thousands) |
|
|
|||||||||||||||||||||||||||||||||||||||
| Active Brokerage Accounts | 34,672 |
|
34,838 |
|
35,017 |
|
35,127 |
|
35,301 |
|
35,426 |
|
35,524 |
|
35,612 |
|
35,743 |
|
35,859 |
|
35,982 |
|
36,073 |
|
36,222 |
|
- |
|
|||||||||||||
| Banking Accounts | 1,825 |
|
1,838 |
|
1,856 |
|
1,871 |
|
1,885 |
|
1,901 |
|
1,916 |
|
1,931 |
|
1,937 |
|
1,940 |
|
1,954 |
|
1,967 |
|
1,980 |
|
|
|
|||||||||||||
| Workplace Plan Participant Accounts (4) | 5,212 |
|
5,221 |
|
5,226 |
|
5,268 |
|
5,277 |
|
5,282 |
|
5,345 |
|
5,363 |
|
5,382 |
|
5,373 |
|
5,388 |
|
5,407 |
|
5,393 |
|
- |
|
|||||||||||||
| Client Activity |
|
|
|||||||||||||||||||||||||||||||||||||||
| New Brokerage Accounts (in thousands) | 286 |
|
340 |
|
366 |
|
345 |
|
383 |
|
361 |
|
314 |
|
310 |
|
327 |
|
324 |
|
321 |
|
331 |
|
357 |
|
|
|
|||||||||||||
| Client Cash as a Percentage of Client Assets (5) | 10.7 |
% |
10.5 |
% |
10.5 |
% |
10.2 |
% |
10.0 |
% |
10.2 |
% |
9.9 |
% |
9.7 |
% |
9.6 |
% |
9.5 |
% |
9.5 |
% |
9.8 |
% |
9.5 |
% |
(30) bp |
(120) bp |
|||||||||||||
| Derivative Trades as a Percentage of Total Trades | 23.1 |
% |
21.8 |
% |
21.8 |
% |
22.2 |
% |
21.9 |
% |
22.1 |
% |
21.9 |
% |
21.3 |
% |
21.2 |
% |
20.8 |
% |
21.5 |
% |
21.4 |
% |
19.7 |
% |
(170) bp |
(340) bp |
|||||||||||||
| Selected Average Balances (in millions of dollars) |
|
|
|||||||||||||||||||||||||||||||||||||||
| Average Interest-Earning Assets (6) | 439,118 |
|
446,305 |
|
443,694 |
|
434,822 |
|
431,456 |
|
423,532 |
|
415,950 |
|
417,150 |
|
417,379 |
|
420,191 |
|
420,203 |
|
422,327 |
|
425,789 |
|
|
( |
|||||||||||||
| Average Margin Balances | 61,502 |
|
62,309 |
|
61,368 |
|
63,600 |
|
66,425 |
|
68,827 |
|
67,614 |
|
69,730 |
|
73,206 |
|
73,326 |
|
72,755 |
|
74,105 |
|
76,932 |
|
|
|
|||||||||||||
| Average Bank Deposit Account Balances (7) | 94,991 |
|
95,518 |
|
95,553 |
|
92,075 |
|
90,774 |
|
88,819 |
|
86,844 |
|
85,195 |
|
83,979 |
|
82,806 |
|
82,336 |
|
83,261 |
|
84,385 |
|
|
( |
|||||||||||||
| Mutual Fund and Exchange-Traded Fund | |||||||||||||||||||||||||||||||||||||||||
| Net Buys (Sells) (8,9) (in millions of dollars) | |||||||||||||||||||||||||||||||||||||||||
| Equities | 6,099 |
|
7,903 |
|
8,182 |
|
7,624 |
|
10,379 |
|
3,472 |
|
5,734 |
|
3,379 |
|
10,908 |
|
5,609 |
|
5,217 |
|
7,176 |
|
13,226 |
|
|||||||||||||||
| Hybrid | (1,466 |
) |
(1,596 |
) |
(501 |
) |
(1,330 |
) |
(439 |
) |
(703 |
) |
(558 |
) |
(843 |
) |
(1,155 |
) |
(1,377 |
) |
(432 |
) |
(1,397 |
) |
(329 |
) |
|||||||||||||||
| Bonds | 255 |
|
6,104 |
|
7,510 |
|
9,883 |
|
7,561 |
|
5,949 |
|
5,854 |
|
6,346 |
|
8,651 |
|
10,919 |
|
11,015 |
|
10,442 |
|
7,473 |
|
|||||||||||||||
| Net Buy (Sell) Activity (in millions of dollars) | |||||||||||||||||||||||||||||||||||||||||
| Mutual Funds (8) | (9,267 |
) |
(7,406 |
) |
(966 |
) |
(1,348 |
) |
(1,607 |
) |
(4,818 |
) |
(5,544 |
) |
(4,254 |
) |
(4,679 |
) |
(4,003 |
) |
(1,261 |
) |
(4,905 |
) |
(4,492 |
) |
|||||||||||||||
| Exchange-Traded Funds (9) | 14,155 |
|
19,817 |
|
16,157 |
|
17,525 |
|
19,108 |
|
13,536 |
|
16,574 |
|
13,136 |
|
23,083 |
|
19,154 |
|
17,061 |
|
21,126 |
|
24,862 |
|
|||||||||||||||
| Money Market Funds | 11,670 |
|
7,745 |
|
11,717 |
|
10,129 |
|
9,085 |
|
(2,357 |
) |
9,790 |
|
3,858 |
|
9,110 |
|
8,048 |
|
9,672 |
|
11,032 |
|
9,172 |
|
|||||||||||||||
|
Note: Certain supplemental details related to the information above can be found at: https://www.aboutschwab.com/financial-reports. |
(1) |
Unless otherwise noted, differences between net new assets and core net new assets are net flows from off-platform Schwab Bank Retail CDs. 2024 also includes an inflow of |
(2) |
Net new assets before significant one-time inflows or outflows, such as acquisitions/divestitures or extraordinary flows (generally greater than |
(3) |
Excludes Retirement Business Services. |
(4) |
Includes accounts in Stock Plan Services, Designated Brokerage Services, and Retirement Business Services; Participants may be enrolled in services in more than one Workplace business. |
(5) |
Schwab One®, certain cash equivalents, bank deposits, third-party bank deposit accounts, and money market fund balances as a percentage of total client assets; client cash excludes brokered CDs issued by Charles Schwab Bank. |
(6) |
Represents average total interest-earning assets on the Company's balance sheet. |
(7) |
Represents average clients’ uninvested cash sweep account balances held in deposit accounts at third-party financial institutions. |
(8) |
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. |
(9) |
Represents the principal value of client ETF transactions handled by Schwab, including transactions in proprietary ETFs. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20241213004830/en/
MEDIA:
Mayura Hooper
Charles Schwab
Phone: 415-667-1525
INVESTORS/ANALYSTS:
Jeff Edwards
Charles Schwab
Phone: 817-854-6177
Source: The Charles Schwab Corporation
FAQ
What was Schwab's (SCHW) total client assets in November 2024?
How much did Schwab's (SCHW) daily average trades increase in November 2024?
What is Schwab's (SCHW) revised revenue growth guidance for 2024?
How much were Schwab's (SCHW) core net new assets in November 2024?
What was Schwab's (SCHW) transactional sweep cash balance in November 2024?
