Charles Schwab Corp (NYSE:SCHW) shares rose more than 3% after the company reported that core net new assets reached $49.9 billion last month, a 43% increase from a year earlier and a record for May.

Key Highlights

  • Charles Schwab shares rose more than 3% on record May activity data.
  • Core net new assets hit $49.9 billion, up 43% year-over-year.
  • The May figure marked a record for the month.
  • Daily average trades reached a record 11.8 million.

Charles Schwab Corp (NYSE:SCHW) shares climbed more than 3% after the financial services giant reported record monthly activity highlights for May, underscoring continued strength in client engagement and asset growth.

According to the company, core net new assets reached $49.9 billion in May, representing a 43% increase compared with the same month a year earlier and marking a record for the month of May. The figure reflects continued inflows from both new and existing clients into Schwab's brokerage and advisory platforms.

In addition to asset growth, Schwab reported that daily average trades hit a record 11.8 million during the month, highlighting elevated trading activity across its client base. The combination of record asset inflows and record trading volumes points to sustained engagement across Schwab's retail and institutional investor segments.

The monthly activity report provides an early signal of business momentum ahead of Schwab's full quarterly results, with strong net new asset growth typically viewed positively by investors as an indicator of the company's ability to attract and retain client balances in a competitive wealth management landscape.

For Charles Schwab stock, the record May figures come amid a broader environment of elevated market activity, with investors closely monitoring how sustained trading volumes and asset inflows translate into revenue growth across the company's trading, asset management, and interest-related business lines.

The data also reinforces Schwab's position as one of the largest brokerage platforms in the United States, with the scale of its monthly net new asset growth and trading volume underscoring its role as a key beneficiary of broader retail and institutional investor activity.