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Charles Schwab Corp (SCHW.N)

SCHW.N on New York Stock Exchange

41.60USD
25 Feb 2020
Change (% chg)

$-2.20 (-5.02%)
Prev Close
$43.80
Open
$43.99
Day's High
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$41.38
Volume
3,207,638
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$51.64
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$34.60

Latest Key Developments (Source: Significant Developments)

Schwab Says Total Client Assets Were $4.05 Trillion As Of Month-End January
Friday, 14 Feb 2020 

Feb 14 (Reuters) - Charles Schwab Corp ::SCHWAB REPORTS MONTHLY ACTIVITY HIGHLIGHTS.CHARLES SCHWAB CORP - TOTAL CLIENT ASSETS WERE $4.05 TRILLION AS OF MONTH-END JANUARY, UP 18% FROM JANUARY 2019.CHARLES SCHWAB CORP - NEW BROKERAGE ACCOUNTS WERE 167,000 IN JANUARY, UP 27%.  Full Article

Schwab Declares 6% Increase In Quarterly Common Stock Dividend And Declares Preferred Stock Dividends
Thursday, 30 Jan 2020 

Jan 29 (Reuters) - Charles Schwab Corp ::SCHWAB DECLARES 6% INCREASE IN QUARTERLY COMMON STOCK DIVIDEND AND DECLARES PREFERRED STOCK DIVIDENDS.CHARLES SCHWAB CORP - DECLARED A 1 CENT, OR 6%, INCREASE IN QUARTERLY CASH DIVIDEND TO $0.18 PER COMMON SHARE.  Full Article

Schwab Says Total Client Assets Were $3.94 Trln As Of Month-End Nov, Up 15% From Nov 2018
Friday, 13 Dec 2019 

Dec 13 (Reuters) - Charles Schwab Corp ::SCHWAB REPORTS MONTHLY ACTIVITY HIGHLIGHTS.CHARLES SCHWAB CORP - TOTAL CLIENT ASSETS WERE $3.94 TRILLION AS OF MONTH-END NOVEMBER, UP 15% FROM NOVEMBER 2018.CHARLES SCHWAB CORP - CORE NET NEW ASSETS BROUGHT TO COMPANY BY NEW AND EXISTING CLIENTS TOTALED $12.0 BILLION IN NOV.CHARLES SCHWAB CORP - AVERAGE INTEREST-EARNING ASSETS ON CO'S BALANCE SHEET WERE $268.3 BILLION IN NOVEMBER, UP 1% FROM NOVEMBER 2018.CHARLES SCHWAB CORP - NET NEW ASSETS EXCLUDING MUTUAL FUND CLEARING TOTALED $14.5 BILLION IN NOV.CHARLES SCHWAB CORP - NOV ACTIVE BROKERAGE ACCOUNTS 12.2 MILLION, UP 6%.CHARLES SCHWAB CORP - NOV NEW BROKERAGE ACCOUNTS 127,000, UP 10%.  Full Article

Fitch Ratings Says Schwab's 'A'/'F1' Ratings Unaffected By Proposed TD Ameritrade Acquisition
Wednesday, 27 Nov 2019 

Nov 26 (Reuters) - Fitch ratings::FITCH RATINGS SAYS SCHWAB'S 'A'/'F1' RATINGS UNAFFECTED BY PROPOSED TD AMERITRADE ACQUISITION.FITCH SAYS VIEWS STRATEGIC RATIONALE AND POTENTIAL COST SYNERGIES OF PROPOSED TD AMERITRADE-CHARLES SCHWAB MERGER FAVORABLY.FITCH SAYS LONGER-TERM, IT BELIEVES POTENTIAL BENEFITS FROM TD AMERITRADE-CHARLES SCHWAB DEAL, IF EXECUTED WELL, COULD OUTWEIGH DOWNSIDE RISKS.FITCH- THERE IS A POSSIBILITY THAT PROPOSED TD AMERITRADE-CHARLES SCHWAB MERGER COULD DRAW ANTITRUST SCRUTINY.  Full Article

Charles Schwab Is Buying Ameritrade For $26 Bln - Fox Business
Thursday, 21 Nov 2019 

Nov 21 (Reuters) - :CHARLES SCHWAB IS BUYING AMERITRADE FOR $26 BILLION - FOX BUSINESS, CITING SOURCES.  Full Article

Charles Schwab in talks to buy TD Ameritrade - CNBC
Thursday, 21 Nov 2019 

Nov 21 (Reuters) - :SCHWAB IN TALKS TO BUY TD AMERITRADE - CNBC.  Full Article

Charles Schwab Declared Regular Quarterly Cash Dividend Of $0.17 Per Common Share
Thursday, 24 Oct 2019 

Oct 23 (Reuters) - Charles Schwab Corp ::CHARLES SCHWAB CORP - DECLARED A REGULAR QUARTERLY CASH DIVIDEND OF $0.17 PER COMMON SHARE.  Full Article

Schwab Reports Q3 Earnings Per Share Of $0.70
Tuesday, 15 Oct 2019 

Oct 15 (Reuters) - Charles Schwab Corp ::SCHWAB REPORTS RECORD EARNINGS PER SHARE OF $.70, UP 8%.Q3 REVENUE $2.7 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.64 BILLION.CLIENT ASSETS TOTALED $3.77 TRILLION AT QUARTER END, UP 6%.CHARLES SCHWAB - AT QUARTER-END, ACTIVE BROKERAGE ACCOUNTS WERE 12.1 MILLION VERSUS. 11.4 MILLION.Q3 EARNINGS PER SHARE VIEW $0.64 -- REFINITIV IBES DATA.CHARLES SCHWAB - RECORDED $62 MILLION IN SEVERANCE CHARGES IN QUARTER ASSOCIATED WITH DECISION TO ELIMINATE POSITIONS SPANNING ABOUT 3% OF WORKFORCE.  Full Article

Charles Schwab To Cut 600 Employees, Or About 3% Of Staff- WSJ
Wednesday, 11 Sep 2019 

Sept 10 (Reuters) - :CHARLES SCHWAB TO CUT 600 EMPLOYEES, OR ABOUT 3% OF STAFF- WSJ.  Full Article

Charles Schwab Says Total Client Assets Were A Record $3.75 Trillion As Of Month-End July, Up 8% From July 2018
Wednesday, 14 Aug 2019 

Aug 14 (Reuters) - Charles Schwab Corp ::SCHWAB REPORTS MONTHLY ACTIVITY HIGHLIGHTS.CHARLES SCHWAB CORP - TOTAL CLIENT ASSETS WERE A RECORD $3.75 TRILLION AS OF MONTH-END JULY, UP 8% FROM JULY 2018 AND UP 1% COMPARED TO JUNE 2019..CHARLES SCHWAB CORP - CORE NET NEW ASSETS BROUGHT TO COMPANY BY NEW AND EXISTING CLIENTS TOTALED $19.3 BILLION FOR JULY.  Full Article

Wealth management firm HighTower Advisors' owner seeks to cash out: sources

The private equity owner of HighTower Advisors is exploring ways to cash out of one of the largest registered investment advisers in the United States, including through a potential sale of the company, people familiar with the matter said on Friday.