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

To: X Y Zebra who wrote (576)	5/17/1999 12:42:00 PM
From: stock_bull69	Read Replies (1) \| Respond to of 1390

Found this tidbit on the Raging Bull thread: 17 (Reuters) - Charles Schwab Corp. , the nation's largest discount and Internet broker, on Monday said it processed a record number of trades in April, as the U.S. stock market surged 10 percent. Schwab, which now has 6.1 million active investor accounts, processed a record 207,700 trades a day in April, up 34 percent from March and more than double the number a year ago. Steve

To: X Y Zebra who wrote (576)	5/17/1999 1:00:00 PM
From: X Y Zebra	Read Replies (1) \| Respond to of 1390

More news clips: biz.yahoo.com Schwab Reports Monthly Activity Highlights Active Accounts Now Exceed 6 Million SAN FRANCISCO, May 17 /PRNewswire/ -- The Charles Schwab Corporation (NYSE: SCH - news) released its Monthly Market Activity Report today. Highlights include: * Customer daily average revenue trades were 207.7 thousand in April 1999, up 34% from March 1999 and up 105% from April 1998. * Net new assets brought to Charles Schwab & Co., Inc. (Schwab) by its customers in April 1999 totaled $5.7 billion. * Customer assets at Schwab were $564.3 billion as of month-end April, up 4% from March 1999 and up 36% from April 1998. * Daily average trades through Schwab's Mutual Fund OneSource® service were 52.9 thousand in April, up 17% from March 1999 and up 23% from April 1998. President and Co-CEO David S. Pottruck noted, ''The strength of our business enabled Schwab to reach another important milestone during April -- we now have more than six million active customer accounts. Our customers were extremely active during April, and trading volumes easily surpassed the previous record set during January 1999. Customer trading activity to date in May, while still strong, is more comparable to March 1999 levels.'' 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 6.1 million active investor accounts with $564 billion in customer assets through 302 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. SOURCE: Charles Schwab & Co., Inc. ________________________________________ and.... Monday May 17, 11:15 am Eastern Time Schwab doubles trades in April, has 6 mln accounts SAN FRANCISCO, May 17 (Reuters) - Charles Schwab Corp. (NYSE:SCH - news), the nation's largest discount and Internet broker, on Monday said it processed a record number of trades in April, as the U.S. stock market surged 10 percent. Schwab, which now has 6.1 million active investor accounts, processed a record 207,700 trades a day in April, up 34 percent from March and more than double the number a year ago. The brokerage, however, said in a statement that trading volumes in May trailed off to March levels. ''Our customers were extremely active during April, and trading volumes easily surpassed the previous record set during January 1999,'' Schwab President David Pottruck said. ''Customer trading activity to date in May, while still strong, is more comparable to March 1999 levels.'' Schwab's frenetic trading activity was reflected by a surge in the U.S. stock market. The Dow Jones Industrial Average, the market's main gauge, rose 10.2 percent in April and recently crossed the 11,000 mark. Schwab's customers put a net $5.7 billion into their accounts in April, bringing the brokerage's assets under control to $564 billion. At the end of March, Schwab had 5.9 million accounts with $542 billion in assets. ---------------------------------------------------------------------- biz.yahoo.com