We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Schwab's (SCHW) January Metrics Show Sequential Improvement
Read MoreHide Full Article
Charles Schwab’s (SCHW - Free Report) monthly activity for January 2019 reflects mixed results. Total client assets came in at $3.5 trillion at the end of the month, decreasing 1% from the year-ago month but increasing 6% from the prior month.
Client assets receiving ongoing advisory services were $1.8 trillion, up 2% year over year and 5% sequentially. Schwab’s average interest earning assets came in at $277.1 billion at the end of January, improving 18% year over year and 1% from December 2018.
Net new assets, through existing and new clients, totaled $15.1 billion, up 31% from January 2018 but down 39% from December 2018. However, new brokerage accounts opened by the company in January 2019 were down 21% year over year and 1% from the last month to 131,000.
Schwab’s active brokerage accounts totaled 11.7 million at the end of the month, up 7% from January 2018 and 1% sequentially. Further, client’s banking accounts were 1.3 million, rising 8% from the year-ago quarter and 1% from December 2018. The number of retirement plan participants rose 6% year over year and 1% sequentially to 1.7 million.
Shares of Schwab have lost 13.1% over the past year compared with 20.1% decline for the industry.
E*TRADE Financial reported a decline in Daily Average Revenue Trades (DARTs) for January 2019. Per its monthly market activity, DARTs came in at 282,499, down 9% from the previous month and 10% year over year. Derivatives comprised 33% of DARTs in January.
Interactive Brokers Group, Inc.’s (IBKR - Free Report) Electronic Brokerage segment reported year-over-year fall in DARTs for January 2019. Total client DARTs came in at 851,000, down 6% from January 2018 and 11% from December 2018.
LPL Financial Holdings (LPLA - Free Report) is likely to report monthly activity for January soon.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 – 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
Image: Bigstock
Schwab's (SCHW) January Metrics Show Sequential Improvement
Charles Schwab’s (SCHW - Free Report) monthly activity for January 2019 reflects mixed results. Total client assets came in at $3.5 trillion at the end of the month, decreasing 1% from the year-ago month but increasing 6% from the prior month.
.jpg)
Client assets receiving ongoing advisory services were $1.8 trillion, up 2% year over year and 5% sequentially. Schwab’s average interest earning assets came in at $277.1 billion at the end of January, improving 18% year over year and 1% from December 2018.
Net new assets, through existing and new clients, totaled $15.1 billion, up 31% from January 2018 but down 39% from December 2018. However, new brokerage accounts opened by the company in January 2019 were down 21% year over year and 1% from the last month to 131,000.
Schwab’s active brokerage accounts totaled 11.7 million at the end of the month, up 7% from January 2018 and 1% sequentially. Further, client’s banking accounts were 1.3 million, rising 8% from the year-ago quarter and 1% from December 2018. The number of retirement plan participants rose 6% year over year and 1% sequentially to 1.7 million.
Shares of Schwab have lost 13.1% over the past year compared with 20.1% decline for the industry.
Schwab currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Investment Brokers
E*TRADE Financial reported a decline in Daily Average Revenue Trades (DARTs) for January 2019. Per its monthly market activity, DARTs came in at 282,499, down 9% from the previous month and 10% year over year. Derivatives comprised 33% of DARTs in January.
Interactive Brokers Group, Inc.’s (IBKR - Free Report) Electronic Brokerage segment reported year-over-year fall in DARTs for January 2019. Total client DARTs came in at 851,000, down 6% from January 2018 and 11% from December 2018.
LPL Financial Holdings (LPLA - Free Report) is likely to report monthly activity for January soon.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 – 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
See Stocks Today >>