NEW YORK (TheStreet) -- Charles Schwab (SCHW) shares are up 0.6% to $25.76 on Friday following the release of its Monthly Market Activity Report today.
The savings and loan holding company reported net new assets brought in by new and existing clients during May totaled $10.9 billion.
Total client assets were up 12% from the year ago period to a record $2.35 trillion.
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TheStreet Ratings team rates SCHWAB (CHARLES) CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate SCHWAB (CHARLES) CORP (SCHW) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."