Schwab daily average revenue trades climb 14% In April, transactional sweep cash dips

1 month ago 4
Charles Schwab Posts Rise In 1st Quarter Profits

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Charles Schwab's (NYSE:SCHW) daily average revenue trades (DARTs) increased 14% M/M to 8.36M in April, representing a 46% Y/Y increase, the company said on Wednesday.

Transactional sweep cash fell by $4.5B during the month, ending April at $403.3B, as client allocation decisions partly offset

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