Charles Schwab upgraded by Barclays with a new price target
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Barclays upgraded Charles Schwab from Equal Weight to Overweight and set a new price target of $95.00 from $74.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
4 - SCHWAB CHARLES CORP (0000316709) (Issuer)
4 - SCHWAB CHARLES CORP (0000316709) (Issuer)
4 - SCHWAB CHARLES CORP (0000316709) (Issuer)
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
4 - SCHWAB CHARLES CORP (0000316709) (Issuer)
4 - SCHWAB CHARLES CORP (0000316709) (Issuer)
10-Q - SCHWAB CHARLES CORP (0000316709) (Filer)
8-K - SCHWAB CHARLES CORP (0000316709) (Filer)
8-K - SCHWAB CHARLES CORP (0000316709) (Filer)
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
Schwab Asset Management®, the asset management arm of The Charles Schwab Corporation, today announced there will be no capital gains distributions for the 2024 tax year by any of the 32 exchange-traded funds (ETFs) in the Schwab ETF family. "Once more the Schwab ETFs distributed zero capital gains, reinforcing our commitment to clients and highlighting the expertise of our portfolio management team," said Nicohl Bogan, Head of Passive Product Management & Innovation for Schwab Asset Management. "This achievement is particularly important because according to our latest ETFs and Beyond Study, over the past year, ETF investors primarily use ETFs to begin investing and building wealth, and t
The Charles Schwab Corporation announced today that it has scheduled a Winter Business Update for institutional investors on Tuesday, January 21st. This Update, which will be held via live public webcast, is part of an ongoing series designed to help the investment community keep abreast of recent developments and management's strategic focus. The program is scheduled to run from 7:30 a.m. - 8:30 a.m. CT, 8:30 a.m. - 9:30 a.m. ET. Participants will include Chief Executive Officer Rick Wurster and Chief Financial Officer Mike Verdeschi. The Update will be accessible at https://schwabevents.com/corporation. About Charles Schwab The Charles Schwab Corporation (NYSE:SCHW) is a leading pro
The Schwab Center for Financial Research (SCFR), which provides top-quality research, timely market insights and practical guidance for investors, today released its annual market outlook, Schwab Market Perspective: 2025 Outlook, which highlights the most important economic and market trends that investors should consider for the year ahead. The Schwab Market Perspective: 2025 Outlook provides perspectives on U.S. stocks and the U.S. economy, fixed income, corporate bonds, municipal bonds, and a global outlook. SCFR also released its 2025 Planning and Wealth Management Outlook, which provides guidance on how to stay on track in 2025 to help reach your financial goals. 2025 U.S. Stocks
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SC 13D/A - SCHWAB CHARLES CORP (0000316709) (Subject)
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