Good morning all!! Some good news!! Though it is from the competition, it has the sector on the move.
PR Newswire, Thursday, August 12, 1999 at 09:04
SAN FRANCISCO, Aug. 12 /PRNewswire/ -- The Charles Schwab Corporation
released its Monthly Market Activity Report today. Highlights include:
* Customer daily average revenue trades were 147.7 thousand in July 1999,
up 19% from June 1999 and up 44% from July 1998.
* Net new assets brought to Charles Schwab & Co., Inc. (Schwab) by new
and current customers in July 1999 totaled $8.9 billion.
* Customer assets at Schwab were $587.3 billion as of month-end July,
down less than 1% from June 1999 and up 37% from July 1998. In
comparison, the Schwab 1000 Index(R) was down 3% from June 1999 and up
18% from July 1998.
* Daily average trades through Schwab's Mutual Fund OneSource(R) service
were 42.2 thousand in July, up 16% from June 1999 and down less than 1%
from July 1998.
The Charles Schwab Corporation (NYSE:SCH), through its principal
operating subsidiary, Charles Schwab & Co., Inc. (member SIPC/NYSE), is one of
the nation's largest financial services firms, serving 6.2 million active
investor accounts with $587 billion in customer assets through 310 branches,
four regional customer telephone service centers and automated telephonic and
online channels. The Charles Schwab Web Site(TM) can be reached at
www.schwab.com. |
