Charles Schwab: Experiencing technical difficulties

14 Mar, 2017

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Charles Schwab Corp. (NYSE: SCHW) stated late Tuesday morning was experiencing technical difficulties but current orders are processing as normal. Schwab conveyed to CNBC in a report that it faced an order routing issue for orders requested this morning before about 10:20 a.m., ET. The firm said it is still examining the cause. The company has a total of 10.3 million active brokerage accounts.

Earlier on Tuesday, Schwab described a 19 percent year-over-year increase in total client assets to a record $2.9 trillion at the end of February. New brokerage accounts totaled 113,000 last month, a 35 percent increase over the prior year, the firm said. Shares traded about 1.5 percent lower, but held gains of more than 7 percent for the year so far. Shares of competitors TD Ameritrade and ETrade traded more than 1 percent lower.