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Non-Tech : Charles Schwab (SCH) -- A tech-stock profile? -- Ignore unavailable to you. Want to Upgrade?

To: TechMkt who wrote (1254)	2/10/2000 10:20:00 AM
From: Richard Forsythe	Read Replies (1) \| Respond to of 1390

Absolutely incredible month. Net new assets increased 45% yoy to $12.3bn... Richard SAN FRANCISCO, Feb. 10 /PRNewswire/ -- The Charles Schwab Corporation SCH released its Monthly Market Activity Report today. Company highlights for the month of January include: -- Total customer daily average trades were 378.9 thousand in January 2000, up 32% from December 1999 and up 58% from January 1999. Customer daily average revenue trades were 298.3 thousand in January 2000, up 27% from December 1999 and up 62% from January 1999. Daily average trades through Schwab's Mutual Fund OneSource(R) service were 80.6 thousand in January 2000, up 52% from December 1999 and up 43% from January 1999. -- Net new assets brought to Charles Schwab & Co., Inc. (Schwab) by new and current customers in January 2000 totaled $12.3 billion, up 45% from January 1999. -- Customer assets at Schwab were $718.1 billion as of month-end January, down 1% from December 1999 and up 38% from January 1999. In comparison, the Schwab 1000 Index(R) was down 5% from December 1999 and up 10% from January 1999. President and Co-CEO David S. Pottruck commented, "While Schwab was busier than ever during January, customer daily average revenue trades have moderated somewhat to about 240,000 for the first six trading days in February. Our fundamentals also remain strong -- total customer assets were $746 billion as of last Friday, up 4% from month-end January." The Charles Schwab Corporation, through its principal operating subsidiary, Charles Schwab & Co., Inc. (member SIPC/NYSE), is one of the nation's largest financial services firms, serving investors through branch offices, regional customer telephone service centers and automated telephonic and online channels. The Charles Schwab Web Site(TM) is at www.schwab.com.