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THE CHARLES SCHWAB CORPORATION

(SCHW)
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Schwab Month-End May Total Client Assets Up 84%

06/14/2021 | 09:43am EDT

By Michael Dabaie

Charles Schwab Corp. said month-end May total client assets were up 84% on year.

The financial services provider said that in May, core net new assets brought to the company by new and existing clients totaled $28.1 billion. Net new assets excluding mutual fund clearing totaled $27.9 billion.

Total client assets were $7.4 trillion as of month-end May, up 84% from a year earlier and up 1% compared to April 2021.

May's average interest-earning assets were $528.6 billion, up 46% from May 2020 and flat compared to April 2021.

Schwab said year-over-year comparisons are affected by the close of the TD Ameritrade acquisition in October.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

06-14-21 0942ET

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Financials (USD)
Sales 2021 18 302 M - -
Net income 2021 5 111 M - -
Net cash 2021 7 460 M - -
P/E ratio 2021 25,3x
Yield 2021 1,06%
Capitalization 128 B 128 B -
EV / Sales 2021 6,60x
EV / Sales 2022 6,62x
Nbr of Employees 32 500
Free-Float 77,8%
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Technical analysis trends THE CHARLES SCHWAB CORPORATION
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 67,95 $
Average target price 81,15 $
Spread / Average Target 19,4%
EPS Revisions
Managers and Directors
Walter William Bettinger President, Chief Executive Officer & Director
Peter B. Crawford Chief Financial Officer & Executive Vice President
Charles Robert Schwab Chairman
Tim Heier Chief Technology Officer & Executive VP
Dennis Howard Chief Information Officer & Executive VP
Sector and Competitors