Schwab Reports Monthly Activity Highlights

Thursday, June 14, 2012 5:45 am PDT

Dateline:

SAN FRANCISCO

Public Company Information:

NYSE:
SCHW

SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of May 2012 include:

  • Net new assets brought to the company by new and existing clients in May 2012 totaled $9.2 billion.
  • Total client assets were $1.76 trillion as of month-end May, up 5% from May 2011 and down 4% compared to April 2012.
  • Client daily average trades were 432.3 thousand in May 2012, up 9% from May 2011 and down 6% from April 2012. While client daily average revenue trades increased slightly between April and May 2012, they have declined thus far in June along with equity market volumes.

Separately, the company noted that it has recorded a pre-tax gain of $70 million relating to the previously disclosed resolution of a vendor dispute, and that the first scheduled dividend on its $400 million outstanding 7% Series A Preferred Stock was accrued when declared earlier in the second quarter. As noted in a release dated May 17, 2012, the dividend is payable August 1, 2012 and will be based on the period running from January 26 through July 31.

The SMART report can be viewed with its accompanying 12-month data at www.aboutschwab.com/investor_relations/financial_reports

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 300 offices and 8.7 million client brokerage accounts, 1.5 million corporate retirement plan participants, 815,000 banking accounts, and $1.76 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, 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 mortgage services and products. More information is available at www.schwab.com and www.aboutschwab.com.

Contact:

MEDIA:
Charles Schwab
Greg Gable, 415-667-0473
or
INVESTORS/ANALYSTS:
Charles Schwab
Rich Fowler, 415-667-1841

Corporate Public Relations
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888-767-5432

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