Trade Volumes Decline, Asset Bases Rises For Charles Schwab In April

Brokerage firm Charles Schwab witnessed a strong start to the year, with total daily trades standing at nearly 580,000 through the March quarter. Trade volumes were about 5% higher than the comparable prior year period and 5% higher than the previous quarter. However, volumes fell to about 515,000 trades per day in April, a 4% year-on-year decline. Schwab is one of the largest brokerage firms in the U.S. with over 9.55 million active brokerage accounts on its platform, and total client assets of...