Schwab Monthly Brokerage Metrics: Interest-Earning Assets Growth Continues In July
Charles Schwab (NYSE:SCHW) saw mixed trends across its monthly metrics in July. Interest earning assets have continued their phenomenal growth rate, at least partially driven by the impact of the Fed’s rate hike in December 2015. Going forward, we expect the next probable hike (by early 2017) in interest rates to likely propel further growth in this stream.
While the company’s assets under management grew by 5%, daily average revenue trades – which have been flat in 2016 with the exception of a slight increase in June due to the Brexit vote – declined slightly in July. Tough competition from other brokerages is likely to cause trading volumes to remain neutral going forward. The table below provides a quick breakdown of some key monthly metrics.
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