Two online brokerages released figures from July showing increased trading activity and gains in clients assets under management.
said total client assets were $1.14 trillion in July, up 17% over a year earlier and 3% over the prior month.
Its daily average trades for July totaled 214,100, up 42% over the year-earlier period and up 7% from June.
said it opened 23,000 accounts during the month and closed 14,000, for a total of about 3.7 million accounts.
It recorded 144,000 average client trades per day in July, and its client assets totaled about $82.2 billion, of which cash and money market assets were $13.2 billion.
Shares of Charles Schwab were recently trading up 11 cents, or 0.8%, to $13.86; while shares of Ameritrade were breaking even on the session.