Charles Schwab Earnings Preview: Low Trading Activity Through Q1'15

Charles Schwab observed an average of about 322,000 trades per day in January, 317,000 revenue trades per day in February and 291,000 trades per day in March. As a result, Schwab ended Q1?15 at about 310,000 DARTs in Q1?15, which is about 6% lower than the comparable prior year period but about 4% higher than the 2014 average. The brokerage ended February with 9.44 million active trading accounts on its platform ? up from 9.39 million at the end of December 2014. We forecast Schwab to add nearly...