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Schwab's clients deposit and trade more


Published : Wed, 14 Nov 2007 15:04
By : Agencies
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SAN FRANCISCO (AP) - Charles Schwab Corp.'s clients poured more money into their accounts and traded more actively in October, the brokerage said Wednesday.

Clients added $11.7 billion to their accounts at Charles Schwab during October, the company said. This raised total client investments under the brokerage's stewardship to $1.484 trillion.

The company's 7 million clients brokerage clients executed an average 318,700 trades a day during October, up 29 percent from Oct. 2006. Charles Schwab makes money by charging clients a commission to execute trades.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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