Schwab Reports Monthly Activity Highlights

Wednesday, May 14, 2008 5:45 am PDT

Dateline:

SAN FRANCISCO

Public Company Information:

NASDAQ:
SCHW

SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of April 2008 include:

  • Net new assets brought to the company by new and existing clients in April 2008 totaled $3.8 billion, reflecting client cash disbursements during tax season.
  • Total client assets were $1.439 trillion as of month-end April, up 7% from April 2007 and up 3% from March 2008.
  • Client daily average trades were 295.5 thousand in April 2008, up 15% from April 2007 and down 8% from March 2008.

About Charles Schwab

The Charles Schwab Corporation (Nasdaq:SCHW) is a leading provider of financial services, with more than 300 offices and 7.2 million client brokerage accounts, 1.3 million corporate retirement plan participants, 332,000 banking accounts, and $1.4 trillion in client assets. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management 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 its Schwab Institutional division. The Charles Schwab Bank (member FDIC) provides banking and mortgage services and products. More information is available at www.schwab.com.

The Charles Schwab Corporation Monthly Market Activity Report For April 2008
 
   

  2007

 

  2008

 

% change

Apr

 

May

 

Jun

 

Jul

 

Aug

 

Sep

 

Oct

 

Nov

 

Dec

Jan

 

Feb

 

Mar

 

Apr

Mo.

 

Yr.

 
Change in Client Assets

(in billions of dollars)

Net New Assets (1,2,3)

3.8 16.9 8.3 13.5 14.7 9.1 11.7 12.1 15.7 11.1 12.5 17.7 3.8 (79 %) --
Net Market Gains (Losses) (3) 31.7     30.4   (13.2 )   (26.4 )   4.4     41.8     31.4     (50.4 )   (15.7 )   (60.6 )   (17.8 )   (15.4 ) 42.1  
 

Total Client Assets (2)

(at month end, in billions of dollars)

1,341.2     1,388.5   1,383.6     1,370.7     1,389.8     1,440.7     1,483.8     1,445.5     1,445.5     1,396.0     1,390.7     1,393.0   1,438.9   3 % 7

%

 
New Brokerage Accounts

(in thousands)

84 64 58 62 64 57 75 74 78 94 69 83 94 13 % 12 %
 
Clients (at month end, in thousands)
Active Brokerage Accounts 6,835 6,859 6,880 6,898 6,922 6,940 6,974 7,013 7,049 7,093 7,119 7,162 7,206 1 % 5 %
Banking Accounts 154 165 177 187 200 212 229 247 262 286 302 318 332 4 % 116 %
Corporate Retirement Plan Participants 1,117 1,128 1,138 1,169 1,167 1,169 1,182 1,185 1,205 1,256 1,263 1,271 1,284 1 % 15 %
 
Market Indices (at month end)
Dow Jones Industrial Average 13,063 13,628 13,409 13,212 13,358 13,896 13,930 13,372 13,265 12,650 12,266 12,263 12,820 5 % (2 %)
Nasdaq Composite 2,525 2,605 2,603 2,546 2,596 2,702 2,859 2,661 2,652 2,390 2,271 2,279 2,413 6 % (4 %)
Standard & Poor's 500 1,482 1,531 1,503 1,455 1,474 1,527 1,549 1,481 1,468 1,379 1,331 1,323 1,386 5 % (6 %)
 
Clients' Daily Average Trades

(in thousands)

Revenue Trades (4) 220.7 225.1 218.1 259.5 266.2 231.5 277.3 297.2 250.7 311.2 242.7 268.1 250.6 (7 %) 14 %
Schwab Investor Services (5) 17.8 21.4 16.7 20.3 20.5 21.3 20.1 21.1 23.4 24.8 21.9 23.1 22.2 (4 %) 25 %
Schwab Institutional® (5) 16.8 17.3 15.8 18.9 20.2 17.4 20.1 24.9 22.2 32.0 23.5 28.0 21.5 (23 %) 28 %
Schwab Corporate & Retirement Services (5) 1.3     1.2   1.1     1.4     1.2     1.2     1.2     1.2     1.4     1.5     1.3     1.3   1.2   (8 %) (8 %)
Total 256.6     265.0   251.7     300.1     308.1     271.4     318.7     344.4     297.7     369.5     289.4     320.5   295.5   (8 %) 15 %
 

Daily Average Market Share Volume

(in millions)

NYSE 1,538 1,543 1,635 1,662 1,883 1,378 1,324 1,630 1,320 1,927 1,514 1,727 1,310 (24 %) (15 %)
Nasdaq 2,074     2,114   2,192     2,226     2,334     1,921     2,166     2,367     1,900     2,696     2,344     2,294   1,982   (14 %) (4 %)
Total 3,612     3,657   3,827     3,888     4,217     3,299     3,490     3,997     3,220     4,623     3,858     4,021   3,292   (18 %) (9 %)
 

Mutual Fund Net Buys (Sells) (6)

(in millions of dollars)

Large Capitalization Stock 138.8 179.2 376.5 496.2 26.8 337.0 240.6 (327.5 ) (130.3 ) (721.5 ) 819.1 (69.3 ) 689.1
Small / Mid Capitalization Stock 408.9 247.1 247.5 155.3 (362.7 ) (2.9 ) (73.8 ) (641.9 ) (1,009.5 ) (1,168.7 ) (17.2 ) (410.0 ) 10.9
International 1,046.0 874.2 719.5 994.6 235.7 663.1 842.2 (80.6 ) 262.5 (800.2 ) 283.1 (229.8 ) 262.1
Specialized 126.4 259.4 62.9 (5.8 ) (289.1 ) 78.6 154.3 (191.3 ) (132.1 ) 53.0 206.6 (230.2 ) (20.7 )
Hybrid 411.5 438.6 302.9 190.1 (47.4 ) 202.1 179.6 117.9 199.2 202.0 601.8 457.2 457.1
Taxable Bond 1,363.5 2,132.9 1,148.7 388.6 (1,908.9 ) 98.1 953.3 (379.4 ) (585.3 ) 1,407.0 1,047.6 (845.3 ) 582.0
Tax-Free Bond 234.7 465.0 204.7 169.4 (267.4 ) 111.1 96.7 (152.1 ) (519.1 ) 204.1 (31.6 ) 10.9 158.6
Money Market Funds (1,747.2 ) 3,751.1 829.9 3,512.0 6,490.9 876.8 4,280.3 8,244.8 7,942.0 7,632.2 3,996.8 5,478.6 (7,347.2 )
 
 
(1) August 2007 includes an inflow of $3.3 billion, related to a mutual fund clearing services client.
(2) Effective May 2007, amount includes balances covered by 401(k) record keeping-only services, which totaled $5.2 billion at May 31, 2007, related to the March 2007 acquisition of The 401(k) Company.
(3)

Effective August 2007, amounts include the Companys mutual fund clearing services business daily net settlements, with a corresponding change in net market gains (losses). All prior period amounts have been recast to reflect this change.

(4) Includes all client trades that generate either commission revenue or revenue from principal markups (i.e., fixed income); also known as DART.
(5) Includes eligible trades executed by clients who participate in one or more of the Company's asset-based pricing relationships.
(6) 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.

Contact:

Charles Schwab
Greg Gable, 415-636-5847 (Media)
Rich Fowler, 415-636-9869 (Investors/Analysts)

Corporate Public Relations
Contacts for Journalists Only

 

888-767-5432

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