Barclays says Charles Schwab’s cash fell $5B month-over-month, and core net new asset growth was 4.2% annualized, improved versus July but below the historical 5%-7% rate. The company’s Q3 guidance was reiterated, and transactional cash trends in September were improved versus the first half of 2024, the analyst tells investors in a research note. The firm keeps an Equal Weight rating on Charles Schwab with a $68 price target.
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