Charles Schwab has reported significant growth in its August 2024 monthly activity highlights. Core net new assets surged to $32.8 billion, a substantial increase from $4.9 billion year-over-year. Total client assets reached $9.74 trillion, marking a 20% year-over-year increase and a 2% month-over-month rise. The number of new brokerage accounts grew by 4% to 324,000. Although transactional sweep cash declined slightly to $366.8 billion month-over-month, the trends remain favorable for the third quarter. Charles Schwab's stock saw an uptick in response to the positive activity, and the company noted that revenue is rebounding after a period of decline earlier this year due to fewer customers shifting money in search of higher yields.