Charles Schwab Struggles

Charles Schwab Corp. (NASDAQ:SCHW) reported disapointing daily average revenue trade volumes for the month of January and also said its client assets fell during the period, sending shares down nearly 5%.

As the financial environment remains murky, the largest online brokerage firm in the country said its total client assets fell 21% to $1.104 trillion in January. Daily average trades fell 11% to 328,400 in the month.

While the San Francisco-based company’s stock fell 64 cents to $12.75 at noon on the NASDAQ, its closest rival TD Ameritrade Holding Corp. (NASDAQ:AMTD) was trading down 2% at $12.72.

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