The Charles Schwab Corporation (SCHW)
| Market Cap | 114.17B |
| Revenue (ttm) | 19.88B |
| Net Income (ttm) | 5.54B |
| Shares Out | 1.77B |
| EPS (ttm) | 3.00 |
| PE Ratio | 20.74 |
| Forward PE | 17.64 |
| Dividend | $1.00 (1.61%) |
| Ex-Dividend Date | Nov 9, 2023 |
| Volume | 7,164,275 |
| Open | 62.31 |
| Previous Close | 62.64 |
| Day's Range | 61.52 - 62.39 |
| 52-Week Range | 45.00 - 86.63 |
| Beta | 0.99 |
| Analysts | Buy |
| Price Target | 72.19 (+16.01%) |
| Earnings Date | Jan 17, 2024 |
About SCHW
The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. It offers brokerage accounts with equity and fixed income trading, margin lending, options trading, futures and forex trading, and cash management capabilities, including certificates of deposit; third-party mutual funds through the Mutu... [Read more]
Financial Performance
In 2022, SCHW's revenue was $20.76 billion, an increase of 12.11% compared to the previous year's $18.52 billion. Earnings were $6.64 billion, an increase of 23.79%.
Financial StatementsAnalyst Forecast
According to 19 analysts, the average rating for SCHW stock is "Buy." The 12-month stock price forecast is $72.19, which is an increase of 16.01% from the latest price.
News
Schwab is uniquely positioned ahead of potential rate cuts, says Piper Sandler's Patrick Moley
Patrick Moley, analyst at Piper Sandler, joins 'The Exchange' to discuss shares of Schwab, the impact of potential interest rate cuts next year and more.
Active managers will see a growing roster of opportunities in 2024: Charles Schwab's Liz Ann Sonders
Liz Ann Sonders, Charles Schwab chief investment strategist, joins 'Squawk on the Street' to discuss what investors should watch out for into year-end and early next, how active investment manager sen...
2024 could bring economic pain, but not for stocks: Charles Schwab's Liz Ann Sonders
As the end of the year approaches, many investors are still questioning how 2024 will shape up considering ongoing and potential economic uncertainties. Some Wall Street experts believe that there wil...
Charles Schwab predicts 'economic pain is likely' in 2024
Charles Schwab's 2024 outlook predicts economic hardship is likely, but isn't expected to impede the progress of the stock market. Schwab also highlights resilient consumer spending while noting poten...
There are some ‘interesting opportunities' within energy and financials: Charles Schwab's Sonders
Liz Ann Sonders, Charles Schwab chief investment strategist and managing director, joins 'Squawk on the Street' to discuss what she expects from the markets, whether the recent moves in treasury yield...
Schwab Survey: Trader Sentiment Turns Bearish for the Fourth Quarter, but Remains More Bullish Compared to a Year Ago
WESTLAKE, Texas--(BUSINESS WIRE)--Sentiment among traders has turned bearish, but is still more bullish than it was this time last year, according to the latest Charles Schwab Trader Sentiment Survey,...
Schwab's Unrealized Bond Losses Widened to $19.4B
The unrealized paper losses in a key part of its large bond portfolio widened in the third quarter to $19.4 billion.
Why this Dow stock went from worst in 2022 to first in 2023 — and 13 turnaround candidates for 2024
Stocks' yearly performance rankings are a field day for contrarians: One year's worst often are the subsequent year's best, and vice versa.
Investing in AI? How about AI for investing
AI, artificial intelligence, is taking the economy by storm because of the opportunity it provides. Among the benefits are improved efficiency, fraud detection, and robotic automation that add up to c...
Charles Schwab's Rocky Year in Five Charts
The largest publicly traded U.S. brokerage is among the worst-performing stocks in the S&P 500 this year.
3 Buys and a bail: Qualcomm, Charles Schwab, First Solar & Target
Delano Saporu, New Street Advisors CEO, joins 'The Exchange' to share three buys and a bail, including Qualcomm, Charles Schwab, First Solar and Target.
Charles Schwab cutting as many as 2,000 jobs — joining Goldman, Morgan Stanley
"These were hard but necessary steps to ensure Schwab remains highly competitive," the spokesperson said in an emailed statement.
Schwab reportedly laid off up to 2,000 employees; analyst reiterates outperform
Charles Schwab Corp.'s stock SCHW fell 0.5% on Wednesday on the heels of a report by RIABiz that the broker has laid off up to 2,000 employees this week as part of a previously disclosed effort to sav...
Fixated on Fixed Income: Millennial ETF Investors Stand out From the Pack for Their Interest, Intentions and Investments in Fixed Income ETFs
WESTLAKE, Texas--(BUSINESS WIRE)--Fixed income has been in focus this year and surprisingly, Millennial ETF investors are gravitating toward this asset class more than their older peers, according to ...
Schwab Stock Plan Services Expands International Capabilities, Offers Fully Featured Accounts to 18 Additional Countries
WESTLAKE, Texas--(BUSINESS WIRE)--SCHWAB STOCK PLAN SERVICES EXPANDS INTERNATIONAL CAPABILITIES, OFFERS FULLY FEATURED ACCOUNTS TO 18 ADDITIONAL COUNTRIES.
Concurrent Marks One-Year Anniversary of its Transition to Hybrid, Multi-Custodial RIA Framework With Schwab Partnership and More Than $1B in New Assets
TAMPA, Fla.--(BUSINESS WIRE)--Last year, Concurrent announced its intent to restructure as a multi-custodial, hybrid RIA to create a more flexible service platform, offer a wider range of investment s...
Three-Stock Lunch: Microsoft, Charles Schwab and Lululemon
Lee Munson, Portfolio Wealth Advisors president, joins ‘Power Lunch' to discuss three stocks: Microsoft, Charles Schwab and Lululemon.
Schwab Sees Potential Inflection Point to Cash Outflows
Key deposits creep up in September after falling for over a year.
Charles Schwab posts profit beat on robust asset management growth
Charles Schwab recorded a smaller-than-expected drop in quarterly profit on Monday as growth in asset management fees softened the blow from a fall in its net interest revenue.
Charles Schwab Beats Profit Estimates and Moves to Save $1 Billion Per Year
Charles Schwab (SCHW) shares jumped in early trading on Monday after the discount brokerage and investment firm posted better-than-expected earnings, and said it was embarking on a major cost-cutting ...
KBW CEO: There's a big headwind to earnings cause of rates, but pace of deterioration is slowing
KBW CEO Thomas Michaud joins 'Squawk on the Street' to discuss his thoughts on Friday's market action, whether the negative sentiment towards financials is justified, and the bifurcation between the b...
Charles Schwab CEO Walt Bettinger: We're in a bearish environment, and it's been tough for investors
Charles Schwab CEO Walt Bettinger joins 'Squawk on the Street' to discuss the company's quarterly earnings results, what investors need to understand about the interest rate move impact on the banks, ...
Schwab Introduces Schwab Trading Powered by Ameritrade™, Setting a New Standard for the Retail Trading Experience
WESTLAKE, Texas--(BUSINESS WIRE)--Schwab today introduced Schwab Trading Powered by Ameritrade, a reimagined trading experience made possible by the combination of two of the industry's most innovativ...
Charles Schwab stock drops after revenue falls a bit shy of expectations, amid trading weakness
Shares of Charles Schwab Corp. SCHW, -0.35% fell 1.5% toward a five-month low in premarket trading Monday, after the financial services and discount brokerage giant beat third-quarter profit expectati...