The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services. The Advisor Services segment offers custodial, trading, banking, and support services; and retirement business and corporate brokerage retirement services. This segment provides brokerage accounts with cash management capabilities; third-party mutual funds, as well as proprietary mutual funds, plus mutual fund trading, and clearing services to broker-dealers; and exchange-traded funds (ETFs), including proprietary and third-party ETFs. It also offers advice solutions, such as managed portfolios of proprietary and third-party mutual funds and ETFs, separately managed accounts, customized personal advice for tailored portfolios, and specialized planning and portfolio management. In addition, this segment provides banking products and services, including checking and savings accounts, first lien residential real estate mortgage loans, home equity lines of credit, and pledged asset lines; and trust services comprising trust custody services, personal trust reporting services, and administrative trustee services. The company serves individuals and institutional clients in the United States, the Commonwealth of Puerto Rico, the United Kingdom, Hong Kong, and Singapore. The Charles Schwab Corporation was incorporated in 1971 and is headquartered in Westlake, Texas.
IPO Year:
Exchange: NYSE
Website: schwab.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/18/2025 | $88.00 → $103.00 | Hold → Buy | TD Cowen |
| 1/22/2025 | $89.00 → $93.00 | Equal Weight → Overweight | Wells Fargo |
| 12/9/2024 | $74.00 → $95.00 | Equal Weight → Overweight | Barclays |
| 9/12/2024 | $70.00 | Equal Weight | Wells Fargo |
| 7/29/2024 | $80.00 → $64.00 | Overweight → Neutral | Piper Sandler |
| 7/17/2024 | $88.00 → $71.00 | Buy → Hold | TD Cowen |
| 7/8/2024 | $76.00 → $84.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 3/22/2024 | $87.00 | Market Perform → Outperform | TD Cowen |
| 1/18/2024 | $75.00 → $70.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 1/10/2024 | $75.00 → $70.00 | Buy → Neutral | Citigroup |
TD Cowen upgraded Charles Schwab from Hold to Buy and set a new price target of $103.00 from $88.00 previously
Wells Fargo upgraded Charles Schwab from Equal Weight to Overweight and set a new price target of $93.00 from $89.00 previously
Barclays upgraded Charles Schwab from Equal Weight to Overweight and set a new price target of $95.00 from $74.00 previously
Wells Fargo initiated coverage of Charles Schwab with a rating of Equal Weight and set a new price target of $70.00
Piper Sandler downgraded Charles Schwab from Overweight to Neutral and set a new price target of $64.00 from $80.00 previously
TD Cowen downgraded Charles Schwab from Buy to Hold and set a new price target of $71.00 from $88.00 previously
Keefe Bruyette upgraded Charles Schwab from Mkt Perform to Outperform and set a new price target of $84.00 from $76.00 previously
TD Cowen upgraded Charles Schwab from Market Perform to Outperform and set a new price target of $87.00
Keefe Bruyette downgraded Charles Schwab from Outperform to Mkt Perform and set a new price target of $70.00 from $75.00 previously
Citigroup downgraded Charles Schwab from Buy to Neutral and set a new price target of $70.00 from $75.00 previously
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TORONTO, Feb. 11, 2025 /CNW/ - TD Bank Group ("TD" or the "Bank") (TSX:TD) (NYSE:TD) today announced that, further to its news release on February 10, it has agreed to sell its entire equity investment in The Charles Schwab Corporation ("Schwab") (NYSE:SCHW). TD currently holds 184,678,738 shares of Schwab's common stock representing 10.1% economic ownership. The Bank will sell 165,443,530 shares through a registered offering at a price of US$79.25 per share. Schwab will purchase 19,235,208 shares from the Bank for a total purchase price of US$1.5 billion. The sale is expected to close on February 12, 2025, subject to customary closing conditions. The transaction will generate net proceeds
Portion of proceeds to be allocated toward normal course issuer bid TORONTO, Feb. 10, 2025 /CNW/ - TD Bank Group ("TD" or the "Bank") (TSX:TD) (NYSE:TD) today announced its intent to sell its entire equity investment in The Charles Schwab Corporation ("Schwab") (NYSE:SCHW) through a registered offering and share repurchase by Schwab. TD will continue to have a business relationship with Schwab through the Insured Deposit Account (IDA) Agreement. TD currently holds 184.7 million shares of Schwab's common stock, representing 10.1% economic ownership. Schwab has agreed to repurchase US$1.5 billion of its shares from TD conditional on completion of the offering. A preliminary prospectus supplem
The Board of Directors of The Charles Schwab Corporation at its meeting today declared a 2 cent, or 8%, increase in the regular quarterly cash dividend to $0.27 per common share. The dividend is payable February 28, 2025 to stockholders of record as of the close of business on February 14, 2025. In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable March 3, 2025 to stockholders of record as of the close of business on February 14, 2025: Preferred Stock Series Dividend Per Share Dividend Per Depositary Share 5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: December 1,
December Core Net New Assets Equal $61.4 Billion, 4Q24 Totals $114.8 Billion 4Q Net Revenues Up 20% Year-Over-Year to $5.3 Billion Quarterly GAAP Earnings Per Share of $.94, $1.01 Adjusted (1) – Up 49% Versus 4Q23 The Charles Schwab Corporation reported net income for the fourth quarter totaling $1.8 billion, or $.94 earnings per share. Excluding $177 million of pre-tax transaction-related and restructuring costs, adjusted (1) net income and earnings per share equaled $2.0 billion and $1.01, respectively. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250121070609/en/ Client Driven Growth $367B 2024 Core Ne
The Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.25 per common share. The dividend is payable November 22, 2024 to stockholders of record as of the close of business on November 8, 2024. In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable December 2, 2024 to stockholders of record as of the close of business on November 15, 2024: Preferred Stock Series Dividend Per Share Dividend Per Depositary Share 5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: September 1, 2024-November 30, 2024 $14.88 $0.37
Total Client Assets Increased 27% Year-Over-Year to a Record $9.92 Trillion Core Net New Assets Equaled $95.3 Billion, Year-To-Date Exceeds $250 Billion Quarterly Net Revenues Grew 5% Year-Over-Year to $4.8 Billion The Charles Schwab Corporation reported net income for the third quarter totaling $1.4 billion, or $.71 diluted earnings per common share. Excluding $153 million of pre-tax transaction-related costs, adjusted (1) net income and diluted common earnings per share equaled $1.5 billion and $.77, respectively. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241015717862/en/ Client Driven Growth $95.3B 3Q24 Cor
Schwab Asset Management®, the asset management arm of The Charles Schwab Corporation, today announced forward share splits on 20 Schwab ETFs. Forward ETF share splits increase the number of shares outstanding and decrease the Net Asset Value (NAV) per share. The share splits will not change the total value of a shareholder's investment. The ETF share splits will apply to shareholders of record as of the close of US markets on October 9, 2024, payable after the close of the markets on October 10, 2024. Shares will begin trading at their post-split price on October 11, 2024. Ticker Fund Record date Payable date NAV/share as of 9/24/24 Split Ratio SCHG Schwab U.S. La
The Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.25 per common share. The dividend is payable August 23, 2024 to stockholders of record as of the close of business on August 9, 2024. In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable September 3, 2024 to stockholders of record as of the close of business on August 19, 2024: Preferred Stock Series Dividend Per Share Dividend Per Depositary Share 5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: June 1, 2024-August 31, 2024 $14.88
Total Client Assets Reached A Record $9.4 Trillion, Up 17% Year-Over-Year Core Net New Assets Rose 17% to $61.2 Billion, Highlighting Continued Momentum The Charles Schwab Corporation reported net income for the second quarter totaling $1.3 billion, or $.66 diluted earnings per common share. Excluding $175 million of pre-tax transaction-related and restructuring costs, adjusted (1) net income and diluted common earnings per share equaled $1.5 billion and $.73, respectively. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240716776368/en/ Client Driven Growth +17% Core Net New Asset Growth Versus 2Q23 "Sch
The Charles Schwab Corporation (CSC or Schwab) announced today that it has received the results of the Federal Reserve's 2024 Comprehensive Capital Analysis and Review (CCAR). These results included the Federal Reserve's estimate of Schwab's minimum capital ratios under the supervisory severely adverse scenario for the nine-quarter horizon beginning December 31, 2023 and ending March 31, 2026. Based on these results, Schwab's calculated stress capital buffer (SCB) remains well below the 2.5% minimum, resulting in a SCB at that floor. This 2.5% SCB will continue to be applicable to Schwab for the four-quarter period beginning October 1, 2024. Schwab's Common Equity Tier 1 (CET1) ratio of 2
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of January 2025 include: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250214514509/en/ Core net new assets brought to the company by new and existing clients totaled $30.6 billion – a year-over-year increase of more than 75%. Total client assets equaled $10.33 trillion as of month-end January, up 21% from January 2024 and up 2% compared to December 2024. New brokerage accounts opened during the month totaled 433,000, an increase of 18% versus January 2024. Driven by sustained market engagement, January daily av
TORONTO, Feb. 12, 2025 /CNW/ - TD Bank Group ("TD" or the "Bank") (TSX:TD) (NYSE:TD) today announced the closing of the sale of its entire equity investment in The Charles Schwab Corporation ("Schwab") (NYSE:SCHW), consisting of 184,678,738 shares of Schwab's common stock representing 10.1% economic ownership. The Bank sold 165,443,530 shares through a registered offering at a price of US$79.25 per share, and Schwab repurchased 19,235,208 shares from TD for a total purchase price of US$1.5 billion. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer,
The Charles Schwab Corporation (NYSE:SCHW) (the "Company" or "Charles Schwab") completed the previously announced secondary offering by TD Group US Holdings LLC, an affiliate of The Toronto-Dominion Bank ("TD"), of 165,443,530 shares of the Company's common stock at $79.25 per share, for an aggregate purchase amount of $13.1 billion. Following the completion of the secondary offering and the previously announced $1.5 billion share repurchase by the Company from TD, TD has disposed of all of its shares. Charles Schwab did not receive any of the proceeds from the sale of shares of its common stock. The secondary offering was led by TD Securities and Goldman Sachs & Co. LLC. Piper Sandler
Overnight trading of all S&P 500®, Nasdaq-100® stocks and hundreds of ETFs is now available to all Schwab retail clients via the thinkorswim® platform suite Charles Schwab, a leader in investing and trading with $10.10 trillion in total client assets that facilitates approximately six million daily average trades, today announced the launch of broad access to an expanded range of securities in the overnight trading session following a series of successful pilots at the end of 2024. These overnight session orders (EXTO) are continuous orders that expire at 8pm ET each market day. Now, all of Schwab's retail clients can trade an expanded list of securities including the S&P 500 and Nasdaq-1
TORONTO, Feb. 11, 2025 /CNW/ - TD Bank Group ("TD" or the "Bank") (TSX:TD) (NYSE:TD) today announced that, further to its news release on February 10, it has agreed to sell its entire equity investment in The Charles Schwab Corporation ("Schwab") (NYSE:SCHW). TD currently holds 184,678,738 shares of Schwab's common stock representing 10.1% economic ownership. The Bank will sell 165,443,530 shares through a registered offering at a price of US$79.25 per share. Schwab will purchase 19,235,208 shares from the Bank for a total purchase price of US$1.5 billion. The sale is expected to close on February 12, 2025, subject to customary closing conditions. The transaction will generate net proceeds
The Charles Schwab Corporation (NYSE:SCHW) (the "Company" or "Charles Schwab") today announced the pricing of the previously announced secondary offering by TD Group US Holdings LLC, an affiliate of The Toronto-Dominion Bank ("TD"), of 165,443,530 shares of the Company's common stock at $79.25 per share. The secondary offering is expected to close on February 12, 2025, subject to customary closing conditions. Following the completion of the secondary offering and the previously announced $1.5 billion share repurchase by the Company from TD, TD will have disposed of all of its shares. Charles Schwab will not receive any of the proceeds from the sale of shares of its common stock. The sec
Schwab clients were net sellers in January, reducing exposure in the Information Technology and Communications sectors while net buying Energy, Real Estate and Utilities The Schwab Trading Activity Index™ (STAX) decreased to 49.45 in January, down from its score of 51.16 in December. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab's millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250210116868
TORONTO, Feb. 10, 2025 /CNW/ - TD Bank Group ("TD" or the "Bank") (TSX:TD) (NYSE:TD) announced today that, subject to the completion of its previously announced sale of its entire equity investment in The Charles Schwab Corporation (NYSE:SCHW), the approval of the Office of the Superintendent of Financial Institutions Canada, and the approval of the Toronto Stock Exchange ("TSX"), it intends to launch a normal course issuer bid to purchase for cancellation up to 100 million of its common shares, representing approximately 5.7% of its issued and outstanding common shares and its public float as at October 31, 2024. TD will file a notice of intention with the TSX in this regard. TD may commen
Portion of proceeds to be allocated toward normal course issuer bid TORONTO, Feb. 10, 2025 /CNW/ - TD Bank Group ("TD" or the "Bank") (TSX:TD) (NYSE:TD) today announced its intent to sell its entire equity investment in The Charles Schwab Corporation ("Schwab") (NYSE:SCHW) through a registered offering and share repurchase by Schwab. TD will continue to have a business relationship with Schwab through the Insured Deposit Account (IDA) Agreement. TD currently holds 184.7 million shares of Schwab's common stock, representing 10.1% economic ownership. Schwab has agreed to repurchase US$1.5 billion of its shares from TD conditional on completion of the offering. A preliminary prospectus supplem
The Charles Schwab Corporation (NYSE:SCHW) (the "Company" or "Charles Schwab") today announced the commencement of a secondary offering of its common stock through which TD Group US Holdings LLC, an affiliate of The Toronto-Dominion Bank ("TD"), intends to exit its full investment in the Company. The shares being offered by TD will be sold in an underwritten public offering. TD currently holds 184.7 million shares of the Company's common stock, representing a 10.1% economic ownership. Charles Schwab also announced today that it entered into a share repurchase agreement with TD, conditioned on the secondary offering, pursuant to which the Company agreed to repurchase $1.5 billion of its
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Will Continue Serving as Executive Co-Chairman of the Board of Directors Rick Wurster Named CEO to Succeed Bettinger The Charles Schwab Corporation today announced, as part of its multi-year succession plan, that Walt Bettinger has notified the Board of Directors of his intention to retire as Chief Executive Officer effective December 31, 2024. Rick Wurster, President of Schwab since 2021, will be named President and CEO and will join the Schwab Board of Directors, effective January 1, 2025. Bettinger will continue to serve as Executive Co-Chairman of the Board of Directors, along with founder Charles R. Schwab. Bettinger has successfully led Schwab as CEO since late 2008. Some of the ma
The Charles Schwab Corporation today announced its Board of Directors has approved the appointment of Carrie Schwab-Pomerantz as a director, effective immediately. Schwab-Pomerantz is currently a managing director at Charles Schwab & Co., leading the firm's efforts across financial literacy, community service and philanthropy. She is also a recognized personal finance expert and author, known for her popular investing advice column Ask Carrie. She originally joined the firm in 1983 and began her tenure in client-facing and product roles. She has served as Board Chair of the Charles Schwab Foundation since 2014 and as Board Chair of Schwab Charitable since 2012. She is Chair of the National
Bettinger to Share Board Leadership Responsibilities with Charles R. Schwab in Addition to Chief Executive Role The Charles Schwab Corporation today announced its board of directors has unanimously approved the appointment of Chief Executive Officer Walter W. Bettinger II as Co-Chairman of the Schwab Board of Directors, along with Founder and Co-Chairman Charles R. Schwab. In addition to becoming Co-Chairman for The Charles Schwab Corporation, Mr. Bettinger will become Co-Chairman of the boards of the firm's banking subsidiaries: Charles Schwab Bank, SSB (CSB); Charles Schwab Premier Bank, SSB (CSPB); and Charles Schwab Trust Bank (CSTB). These changes reflect Mr. Schwab's and the board's
The Board of Directors of The Charles Schwab Corporation announced today the appointment of Rick Wurster as President of The Charles Schwab Corporation, effective October 15, 2021. In his new role, Mr. Wurster will report to Walt Bettinger, Chief Executive Officer of The Charles Schwab Corporation. Mr. Wurster is currently a Managing Director and head of Schwab Asset Management. He joined Schwab in early 2016 and has worked closely with Mr. Bettinger and other Schwab executives over the past five years. Before joining Schwab, Mr. Wurster was employed at Wellington Management and McKinsey & Company. He has a Master of Business Administration from The Tuck School of Business at Dartmouth and
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