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Charles Schwab Corp (SCHW.N)

SCHW.N on New York Stock Exchange

43.23USD
18 Sep 2019
Change (% chg)

$0.12 (+0.28%)
Prev Close
$43.11
Open
$42.67
Day's High
$43.36
Day's Low
$42.24
Volume
1,684,947
Avg. Vol
2,222,431
52-wk High
$52.69
52-wk Low
$35.85

Latest Key Developments (Source: Significant Developments)

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

Charles Schwab Corporation To Acquire Assets Of USAA's Investment Management Company
Friday, 26 Jul 2019 

July 25 (Reuters) - Charles Schwab Corp ::CHARLES SCHWAB CORPORATION TO ACQUIRE ASSETS OF USAA’S INVESTMENT MANAGEMENT COMPANY.CHARLES SCHWAB CORPORATION TO ACQUIRE ASSETS OF USAA’S INVESTMENT MANAGEMENT COMPANY.CHARLES SCHWAB CORP - EXPECTS TRANSACTION TO BE MODESTLY ACCRETIVE TO EPS ON A CASH BASIS BY YEAR ONE.CHARLES SCHWAB CORP - EXPECTS TRANSACTION TO BE MODESTLY ACCRETIVE TO EPS ON A GAAP BASIS BY YEAR TWO.CHARLES SCHWAB CORP - DEFINITIVE AGREEMENT TO ACQUIRE ASSETS OF USAA'S INVESTMENT MANAGEMENT COMPANY FOR $1.8B IN CASH.CHARLES SCHWAB CORP - SOME REVENUE SYNERGIES ARE EXPECTED FROM TRANSACTION.CHARLES SCHWAB CORP - TRANSACTION WILL BE FUNDED WITH AVAILABLE PARENT COMPANY CASH.CHARLES SCHWAB - EXPECTS TO HAVE SUFFICIENT CAPITAL AT TIME OF CLOSING FOR PRO FORMA TIER 1 LEVERAGE RATIO TO REMAIN IN LINE WITH 6.75%-7% TARGET RANGE.  Full Article

Schwab Reports Q2 Earnings Per Share Of $0.66
Tuesday, 16 Jul 2019 

July 16 (Reuters) - Charles Schwab Corp ::SCHWAB REPORTS NET INCOME OF $937 MILLION, UP 8%, POSTING THE STRONGEST SECOND QUARTER IN COMPANY HISTORY.Q2 REVENUE $2.7 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.67 BILLION.QTRLY EARNINGS PER SHARE $0.66.Q2 EARNINGS PER SHARE VIEW $0.65 -- REFINITIV IBES DATA.TOTAL CLIENT ASSETS WAS $3.70 TRILLION AS OF JUNE 30(TH), AN INCREASE OF $305 BILLION, OR 9% FROM A YEAR AGO.THUS FAR IN 2019, A CHALLENGING MIX OF GEOPOLITICAL, ECONOMIC, AND MARKET DYNAMICS HAS PERSISTED.AT QUARTER-END, ACTIVE BROKERAGE ACCOUNTS WERE 11.97 MILLION VERSUS. 11.2 MILLION REPORTED LAST YEAR.BOTH ADVISORS AND INDIVIDUAL CLIENTS CONTRIBUTED TO TOTAL CORE NET NEW ASSETS OF $37.2 BILLION DURING Q2.  Full Article

Charles Schwab Says Issued $600 Million Aggregate Principal Amount Of 3.250% Senior Notes Due 2029
Thursday, 23 May 2019 

May 22 (Reuters) - Charles Schwab Corp ::CHARLES SCHWAB SAYS ISSUED $600 MILLION AGGREGATE PRINCIPAL AMOUNT OF 3.250% SENIOR NOTES DUE 2029 - SEC FILING.  Full Article

Charles Schwab Files For Offering Of $600 Mln Of 3.250% Senior Notes Due 2029
Tuesday, 21 May 2019 

May 21 (Reuters) - Charles Schwab Corp ::CHARLES SCHWAB CORP FILES FOR OFFERING OF $600 MILLION OF 3.250% SENIOR NOTES DUE 2029 - SEC FILING.  Full Article

Charles Schwab Says Total Client Assets Were $3.53 Tln As Of Month-End Feb 2019, Up 6 Pct From Feb 2018
Thursday, 14 Mar 2019 

March 14 (Reuters) - Charles Schwab Corp ::SCHWAB REPORTS MONTHLY ACTIVITY HIGHLIGHTS.CHARLES SCHWAB CORP - TOTAL CLIENT ASSETS WERE $3.53 TRILLION AS OF MONTH-END FEBRUARY, UP 6% FROM FEBRUARY 2018 AND UP 2% COMPARED TO JANUARY 2019.CHARLES SCHWAB CORP - CORE NET NEW ASSETS BROUGHT TO CO BY NEW AND EXISTING CLIENTS IN FEBRUARY 2019 TOTALED $18.3 BILLION.CHARLES SCHWAB CORP - ACTIVE BROKERAGE ACCOUNTS WERE 11.7 MILLION AS OF MONTH-END FEBRUARY, UP 7% FROM FEBRUARY 2018.  Full Article

Charles Schwab Corp Reports Monthly Activity Highlights
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Charles Schwab Corp ::SCHWAB REPORTS MONTHLY ACTIVITY HIGHLIGHTS.CHARLES SCHWAB CORP - TOTAL CLIENT ASSETS WERE $3.39 TRILLION AS OF MONTH-END OCTOBER, UP 4% FROM OCTOBER 2017.CHARLES SCHWAB CORP - NEW BROKERAGE ACCOUNTS WERE 133,000 IN OCTOBER, UP 14% FROM OCTOBER 2017.CHARLES SCHWAB CORP - CORE NET NEW ASSETS BROUGHT TO COMPANY BY NEW AND EXISTING CLIENTS IN OCTOBER 2018 TOTALED $14.9 BILLION.  Full Article

Noble Group Charles Schwab Investment Management Becomes New Substantial Shareholder
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - Noble Group Ltd ::CHARLES SCHWAB INVESTMENT MANAGEMENT RAISES STAKE IN CO TO 5.3 PERCENT FROM 4.88 PERCENT.  Full Article

Schwab's Total Client Assets $3.56 Trillion As Of Month-End August, Up 14 Pct
Monday, 17 Sep 2018 

Sept 17 (Reuters) - Charles Schwab Corp ::SCHWAB REPORTS MONTHLY ACTIVITY HIGHLIGHTS.CHARLES SCHWAB - TOTAL CLIENT ASSETS WERE $3.56 TRILLION AS OF MONTH-END AUGUST, UP 14% FROM AUGUST 2017.CHARLES SCHWAB CORP - CORE NET NEW ASSETS BROUGHT TO CO BY NEW AND EXISTING CLIENTS IN AUGUST 2018 TOTALED $20.8 BILLION.CHARLES SCHWAB CORP - NEW BROKERAGE ACCOUNTS TOTALED 132,000 IN AUGUST 2018, UP 7% FROM AUGUST 2017.  Full Article

Brokerage Charles Schwab says to cut about 600 jobs

Sept 10 Discount brokerage company Charles Schwab Corp is cutting about 600 jobs after an internal review, a company spokeswoman confirmed on Tuesday.