Schwab Reports Monthly Activity Highlights

Friday, November 14, 2008 5:45 am PST

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 October 2008 include:

  • Net new assets brought to the company by new and existing clients in October 2008 totaled $6.6 billion.
  • Total client assets were $1.160 trillion as of month-end October, down 22% from October 2007 and down 11% from September 2008.
  • Client daily average trades were 498.2 thousand in October 2008, up 56% from October 2007 and up 25% from September 2008.

About Charles Schwab

The Charles Schwab Corporation (Nasdaq:SCHW) is a leading provider of financial services, with more than 300 offices and 7.4 million client brokerage accounts, 1.3 million corporate retirement plan participants, 427,000 banking accounts, and $1.2 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 October 2008
                               
2007 2008   % change

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Mo.

Yr.

 
Change in Client Assets
(in billions of dollars)

Net New Assets

11.7 12.1 15.7 11.1 12.5 17.7 3.8 12.2 10.0 10.4 7.7 6.3 6.6

5%

(44%)

Net Market Gains (Losses) 31.4     (50.4 )   (15.7 )   (60.6 )   (17.8 )   (15.4 )   42.1     17.8     (82.0 )   (16.0 )   (1.4 )   (99.4 ) (151.5 )
 
Total Client Assets
(at month end, in billions of dollars) 1,483.8     1,445.5     1,445.5     1,396.0     1,390.7     1,393.0     1,438.9     1,468.9     1,396.9     1,391.3     1,397.6     1,304.5   1,159.6   (11%) (22%)
 
New Brokerage Accounts
(in thousands) 75 74 78 94 69 83 94 67 65 64 57 72 91 26% 21%
 
Clients (at month end, in thousands)
Active Brokerage Accounts 6,974 7,013 7,049 7,093 7,119 7,162 7,206 7,232 7,256 7,272 7,287 7,310 7,356 1% 5%
Banking Accounts 229 247 262 286 302 318 332 344 355 367 377 399 427 7% 86%
Corporate Retirement Plan Participants 1,182 1,185 1,205 1,256 1,263 1,271 1,284 1,286 1,291 1,306 1,315 1,333 1,342 1% 14%
 
Market Indices (at month end)
Dow Jones Industrial Average 13,930 13,372 13,265 12,650 12,266 12,263 12,820 12,638 11,350 11,378 11,544 10,851 9,325 (14%) (33%)
Nasdaq Composite 2,859 2,661 2,652 2,390 2,271 2,279 2,413 2,523 2,293 2,326 2,368 2,092 1,721 (18%) (40%)
Standard & Poor's 500 1,549 1,481 1,468 1,379 1,331 1,323 1,386 1,400 1,280 1,267 1,283 1,166 969 (17%) (37%)
 
Clients' Daily Average Trades
(in thousands)
Revenue Trades (1) 277.3 297.2 250.7 311.2 242.7 268.1 250.6 258.4 255.3 282.1 227.0 339.7 415.0 22% 50%
Schwab Investor Services (2) 20.1 21.1 23.4 24.8 21.9 23.1 22.2 24.1 19.7 24.0 20.8 27.5 38.1 39% 90%
Schwab Institutional® (2) 20.1 24.9 22.2 32.0 23.5 28.0 21.5 20.9 22.0 29.4 20.6 29.0 43.4 50% 116%
Schwab Corporate & Retirement Services (2) 1.2     1.2     1.4     1.5     1.3     1.3     1.2     1.3     1.2     1.4     1.3     1.6   1.7   6% 42%
Total 318.7     344.4     297.7     369.5     289.4     320.5     295.5     304.7     298.2     336.9     269.7     397.8   498.2   25% 56%
 
Daily Average Market Share Volume
(in millions)
NYSE 1,324 1,630 1,320 1,927 1,514 1,727 1,310 1,218 1,400 1,531 1,081 1,603 1,699 6% 28%
Nasdaq 2,166     2,367     1,900     2,696     2,344     2,294     1,982     2,069     2,261     2,355     1,894     2,537   2,795   10% 29%
Total 3,490     3,997     3,220     4,623     3,858     4,021     3,292     3,287     3,661     3,886     2,975     4,140   4,494   9% 29%
 
Mutual Fund Net Buys (Sells) (3)
(in millions of dollars)
Large Capitalization Stock 240.6 (327.5 ) (130.3 ) (721.5 ) 819.1 (69.3 ) 689.1 738.5 284.5 (1,024.5 ) (88.2 ) (1,496.8 ) (2,070.5 )
Small / Mid Capitalization Stock (73.8 ) (641.9 ) (1,009.5 ) (1,168.7 ) (17.2 ) (410.0 ) 10.9 215.8 277.2 (306.5 ) 392.9 (243.7 ) (1,096.1 )
International 842.2 (80.6 ) 262.5 (800.2 ) 283.1 (229.8 ) 262.1 800.7 (184.6 ) (1,036.8 ) (743.9 ) (2,240.3 ) (3,022.2 )
Specialized 154.3 (191.3 ) (132.1 ) 53.0 206.6 (230.2 ) (20.7 ) 164.4 133.5 (192.1 ) (106.3 ) (571.8 ) (1,037.5 )
Hybrid 179.6 117.9 199.2 202.0 601.8 457.2 457.1 405.7 273.0 227.1 289.5 (320.7 ) (1,229.5 )
Taxable Bond 953.3 (379.4 ) (585.3 ) 1,407.0 1,047.6 (845.3 ) 582.0 1,113.1 344.2 440.9 487.7 (894.9 ) (2,787.4 )
Tax-Free Bond 96.7 (152.1 ) (519.1 ) 204.1 (31.6 ) 10.9 158.6 459.4 358.4 179.7 263.4 (97.9 ) (622.6 )
Money Market Funds 4,280.3 8,244.8 7,942.0 7,632.2 3,996.8 5,478.6 (7,347.2 ) (3,956.8 ) (2,378.1 ) 4,958.3 506.7 3,973.6 2,944.9  
 
 

(1) 

Includes all client trades that generate either commission revenue or revenue from principal markups (i.e., fixed income); also known as DART.

(2) 

Includes eligible trades executed by clients who participate in one or more of the Company's asset-based pricing relationships.

(3) 

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
Media:
Greg Gable, 415-636-5847
Investors/Analysts:
Rich Fowler, 415-636-9869

Corporate Public Relations
Contacts for Journalists Only

 

888-767-5432

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