Charles Schwab Reports Higher August Client Assets, Core Net New Assets

MT newswire2026/09/15 13:29

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09:29 AM EDT, 09/15/2026 (MT Newswires) -- Charles Schwab (SCHW) reported Tuesday that total client assets were $13.41 trillion at the end of August, up 19% from a year earlier, and up 3% compared with the previous month. Core net new assets brought to the company reached $64.8 billion, up 46% from a year earlier, it said.

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On Tuesday, LVMH's stock price fell by 2.6%, reducing its market value to 201 billion euros (approximately $232 billion), slightly below L'Oréal, and marking its exit from Europe's top ten companies for the first time since 2017. LVMH's share price has dropped 37% this year, returning to levels last seen when global stores were closed due to pandemic lockdowns. As luxury demand declines, several investment banks have downgraded LVMH’s rating.

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