JUN. 14 9:37 A.M. ET Brokerage company Charles Schwab Corp. on Wednesday said net new assets by new and current clients reached $9.3 billion in May.

Total client assets were $1.274 trillion at the end of May, up 17 percent from the same time last year and down 2 percent from April.

Client daily average trades, which include daily average revenue trades and Schwab Institutional asset-based trades, were 302,600, up 59 percent from a year ago and down 3 percent sequentially.

Shares of Charles Schwab sank 27 cents to $14.31 in early trading on the Nasdaq

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The Associated Press/SAN FRANCISCO

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