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Schwab Stock Up 4.9% as February Core NNA Rises on Market Volatility
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Shares of Charles Schwab (SCHW - Free Report) gained 4.9% following the release of its monthly activity report for February 2025. The company’s core net new assets (NNA) of $48 billion surged 57% from the previous month and 44% in the year-ago month. This was largely driven by significant market volatility.
SCHW’s February Performance Breakdown
SCHW’s total client assets in February 2025 were $10.28 trillion, down 1% from January 2025 but up 16% from February 2024. Client assets receiving ongoing advisory services were $5.2 trillion, relatively stable with the prior month and up 38% from the year-ago period.
Schwab’s average interest-earning assets of $424.8 billion in February 2025 declined 2% from January 2025 and year over year. Average margin balances were $84.2 billion, up 2% from the previous month and 32% on a year-over-year basis. Average bank deposit account balances totaled $83.1 billion, down 2% from last month and 10% from February 2024.
Schwab opened 362,000 new brokerage accounts in February 2025, down 16% sequentially but up 5% from the year-earlier month.
Schwab’s active brokerage accounts totaled 36.9 million at the end of February 2025, stable sequentially and up 5% year over year. Client banking accounts were 2.03 million, up 1% sequentially and 9% from the February 2024 figure. The number of workplace plan participant accounts was unchanged from the January 2025 level and up 4% year over year to 5.46 million.
SCHW’s Zacks Rank & Price Performance
In the past six months, Schwab shares have rallied 21.3%, outperforming the industry’s rise of 13.7%.
Interactive Brokers Group, Inc. (IBKR - Free Report) released the Electronic Brokerage segment’s performance metrics for February 2025. The segment deals with clearance and settlement of trades for individual and institutional clients globally. It reported a rise in client Daily Average Revenue Trades (DARTs) from a year ago.
IBKR’s total client DARTs in February were 3,267,000, which increased 48.1% from February 2024 and 4.1% from January 2025.
Robinhood Markets, Inc. (HOOD - Free Report) has released the monthly operating data for February 2025. It reported a rise in equity, options, and crypto DARTs from the year-ago period.
HOOD’s total assets under custody in February (AUC) was $187.4 billion, jumping 57.9% year over year but declining 8% from the last month.
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Schwab Stock Up 4.9% as February Core NNA Rises on Market Volatility
Shares of Charles Schwab (SCHW - Free Report) gained 4.9% following the release of its monthly activity report for February 2025. The company’s core net new assets (NNA) of $48 billion surged 57% from the previous month and 44% in the year-ago month. This was largely driven by significant market volatility.
SCHW’s February Performance Breakdown
SCHW’s total client assets in February 2025 were $10.28 trillion, down 1% from January 2025 but up 16% from February 2024. Client assets receiving ongoing advisory services were $5.2 trillion, relatively stable with the prior month and up 38% from the year-ago period.
Schwab’s average interest-earning assets of $424.8 billion in February 2025 declined 2% from January 2025 and year over year. Average margin balances were $84.2 billion, up 2% from the previous month and 32% on a year-over-year basis. Average bank deposit account balances totaled $83.1 billion, down 2% from last month and 10% from February 2024.
Schwab opened 362,000 new brokerage accounts in February 2025, down 16% sequentially but up 5% from the year-earlier month.
Schwab’s active brokerage accounts totaled 36.9 million at the end of February 2025, stable sequentially and up 5% year over year. Client banking accounts were 2.03 million, up 1% sequentially and 9% from the February 2024 figure. The number of workplace plan participant accounts was unchanged from the January 2025 level and up 4% year over year to 5.46 million.
SCHW’s Zacks Rank & Price Performance
In the past six months, Schwab shares have rallied 21.3%, outperforming the industry’s rise of 13.7%.
Image Source: Zacks Investment Research
Currently, SCHW carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Competitive Landscape
Interactive Brokers Group, Inc. (IBKR - Free Report) released the Electronic Brokerage segment’s performance metrics for February 2025. The segment deals with clearance and settlement of trades for individual and institutional clients globally. It reported a rise in client Daily Average Revenue Trades (DARTs) from a year ago.
IBKR’s total client DARTs in February were 3,267,000, which increased 48.1% from February 2024 and 4.1% from January 2025.
Robinhood Markets, Inc. (HOOD - Free Report) has released the monthly operating data for February 2025. It reported a rise in equity, options, and crypto DARTs from the year-ago period.
HOOD’s total assets under custody in February (AUC) was $187.4 billion, jumping 57.9% year over year but declining 8% from the last month.