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- Charles Schwab said Friday it logged the second-highest March inflow from new client assets, at more than $53 billion.
- Schwab executives said in the update that the business is "extremely robust."
- Schwab's stock last month plunged as clients worried about unrealized losses in its bond portfolio.
Charles Schwab said Friday it logged the second-highest March inflow of new client assets, delivering the update after fears of contagion from the recent banking crisis sent its stock plunging last month.
The brokerage heavyweight said it had a "strong influx" of more than $53 billion of core net new client assets in the last month of the first quarter of 2023,