said daily trading rose 27% from a year ago in May.
The San Francisco-based online broker said month-end client assets hit a record, rising 11% to $1.09 trillion. New customer assets during the month totaled $3.9 billion.
Schwab said client daily average trades -- comprising daily average revenue trades, Schwab Institutional asset-based trades and Schwab Private Client asset-based trades -- were 190,300 in May. That's up 27% from a year ago but down 7% sequentially.
The stock was flat early Tuesday at $11.80.