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Charles Schwab Corp (SCHW.N)

SCHW.N on New York Stock Exchange

36.03USD
18 Sep 2020
Change (% chg)

$0.22 (+0.61%)
Prev Close
$35.81
Open
$35.61
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$35.61
Volume
3,901,611
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$51.64
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$28.00

Latest Key Developments (Source: Significant Developments)

Schwab Reports Total Client Assets Were $4.28 Trillion As Of July End
Friday, 14 Aug 2020 

Aug 14 (Reuters) - Charles Schwab Corp ::SCHWAB REPORTS MONTHLY ACTIVITY HIGHLIGHTS.CHARLES SCHWAB CORP - TOTAL CLIENT ASSETS WERE $4.28 TRILLION AS OF MONTH-END JULY, UP 14% FROM JULY 2019.CHARLES SCHWAB CORP - NEW BROKERAGE ACCOUNTS WERE 206,000 IN JULY, UP 60% FROM JULY 2019.CHARLES SCHWAB CORP - IN JULY CORE NET NEW ASSETS BROUGHT TO COMPANY BY NEW AND EXISTING CLIENTS TOTALED $2.7 BILLION.  Full Article

Schwab Announces Appointment Of Two New Board Members
Tuesday, 28 Jul 2020 

July 27 (Reuters) - Charles Schwab Corp ::SCHWAB ANNOUNCES THE APPOINTMENT OF TWO NEW BOARD MEMBERS.CHARLES SCHWAB CORP - MARIANNE C. BROWN AND GERRI K. MARTIN-FLICKINGER WILL JOIN BOARD AS INDEPENDENT DIRECTORS, EFFECTIVE AUGUST 1.CHARLES SCHWAB CORP - MARTIN-FLICKINGER IS STARBUCKS EXECUTIVE VICE PRESIDENT AND CHIEF TECHNOLOGY OFFICER.CHARLES SCHWAB CORP - BROWN CURRENTLY SERVES AS A BOARD MEMBER OF AKAMAI TECHNOLOGIES, NORTHROP GRUMMAN CORP AND VMWARE.  Full Article

Schwab Reports Q2 EPS Of $0.48
Thursday, 16 Jul 2020 

July 16 (Reuters) - Charles Schwab Corp ::SCHWAB REPORTS SECOND QUARTER EARNINGS PER SHARE OF $.48, INCLUDING $.06 PER SHARE OF ACQUISITION-RELATED EXPENSES.Q2 EARNINGS PER SHARE $0.48.Q2 EARNINGS PER SHARE ESTIMATE $0.51 -- REFINITIV IBES DATA.QTRLY TOTAL NET REVENUE $2.45 BILLION VERSUS $2.68 BILLION.MADE SIGNIFICANT PROGRESS ON PENDING ACQUISITION OF TD AMERITRADE, WITH COMPLETION OF DEPARTMENT OF JUSTICE ANTITRUST REVIEW.AT QUARTER-END TOTAL CLIENT ASSETS REACH A RECORD $4.11 TRILLION, UP 11%.QTRLY ADJUSTED EARNINGS PER SHARE $0.54.TRADING VOLUME REMAINED ELEVATED IN Q2 COMPARED WITH A YEAR AGO.IMPACT OF OCT. 2019 PRICING ACTIONS STILL LED TO A 7% Y-O-Y DECLINE IN TRADING REVENUE TO $193 MILLION IN QUARTER.CHARLES SCHWAB - PANDEMIC-DRIVEN INCREASE IN CLIENT SWEEP DEPOSITS IN Q1 WAS FOLLOWED BY MORE MODEST BALANCE SHEET EXPANSION OVER PAST 3 MONTHS.AT QUARTER-END, ACTIVE BROKERAGE ACCOUNTS WERE 14.1 MILLION, UP 18%.Q2 REVENUE VIEW $2.49 BILLION -- REFINITIV IBES DATA.  Full Article

Charles Schwab Says Total Client Assets Were $4.01 Trillion As Of Month-End May, Up 14%
Friday, 12 Jun 2020 

June 12 (Reuters) - Charles Schwab Corp ::SCHWAB REPORTS MONTHLY ACTIVITY HIGHLIGHTS.CHARLES SCHWAB CORP - TOTAL CLIENT ASSETS WERE $4.01 TRILLION AS OF MONTH-END MAY, UP 14% FROM MAY 2019.CHARLES SCHWAB - MAY 2020 CORE NET NEW ASSETS BROUGHT TO CO BY NEW AND EXISTING CLIENTS TOTALED $17.6 BILLION.CHARLES SCHWAB - CLIENT ASSETS RECEIVING ONGOING ADVISORY SERVICES WERE $2.05 TRILLION AS OF MAY 2020 END, UP 11%.  Full Article

Schwab Stockholders Approve Acquisition Of TD Ameritrade
Friday, 5 Jun 2020 

June 4 (Reuters) - Charles Schwab Corp ::SCHWAB STOCKHOLDERS APPROVE ACQUISITION OF TD AMERITRADE.  Full Article

Schwab Announces Closing Of The DOJ Investigation Into Acquisition Of TD Ameritrade
Thursday, 4 Jun 2020 

June 4 (Reuters) - Charles Schwab Corp ::SCHWAB ANNOUNCES CLOSING OF THE DOJ INVESTIGATION INTO ACQUISITION OF TD AMERITRADE.CHARLES SCHWAB - ON JUNE 3 ANTITRUST DIVISION OF DOJ INFORMED CO THAT DOJ DECIDED TO CLOSE INVESTIGATION OF PROPOSED ACQUISITION OF TD AMERITRADE.CHARLES SCHWAB CORP - INTEGRATION OF TD AMERITRADE IS EXPECTED TO TAKE BETWEEN 18 TO 36 MONTHS TO COMPLETE FOLLOWING CLOSE..CHARLES SCHWAB CORP - CONTINUE TO EXPECT DEAL WILL CLOSE IN SECOND HALF OF YEAR.  Full Article

Charles Schwab Reports Total Client Assets Of $3.78 Trillion As Of April End
Thursday, 14 May 2020 

May 14 (Reuters) - Charles Schwab Corp ::SCHWAB REPORTS MONTHLY ACTIVITY HIGHLIGHTS.CHARLES SCHWAB CORP - TOTAL CLIENT ASSETS WERE $3.78 TRILLION AS OF MONTH-END APRIL, UP 3% FROM APRIL 2019.CHARLES SCHWAB CORP - AVERAGE INTEREST-EARNING ASSETS ON COMPANY'S BALANCE SHEET WERE $353.0 BILLION IN APRIL, UP 31% FROM APRIL 2019.CHARLES SCHWAB - CORE NET NEW ASSETS BROUGHT TO COMPANY BY NEW AND EXISTING CLIENTS TOTALED $15.3 BILLION IN APRIL.  Full Article

Charles Schwab To Introduce Schwab Stock Slices
Tuesday, 5 May 2020 

May 5 (Reuters) - Charles Schwab Corp ::CHARLES SCHWAB - TO INTRODUCE SCHWAB STOCK SLICES, NEW SERVICE ENABLING INVESTORS TO OWN ANY S&P 500 COS FOR $5 EACH, EVEN IF THEIR SHARES COST MORE.  Full Article

Schwab Declares Common Stock Dividend And Declares Preferred Stock Dividends
Thursday, 23 Apr 2020 

April 22 (Reuters) - Charles Schwab Corp ::SCHWAB DECLARES COMMON STOCK DIVIDEND AND DECLARES PREFERRED STOCK DIVIDENDS.CHARLES SCHWAB CORP - DECLARED A REGULAR QUARTERLY CASH DIVIDEND OF $0.18 PER COMMON SHARE.  Full Article

Charles Schwab Q1 Earnings Per Share $0.58
Wednesday, 15 Apr 2020 

April 15 (Reuters) - Charles Schwab Corp ::SCHWAB REPORTS FIRST QUARTER EARNINGS PER SHARE OF $.58, INCLUDING $.04 PER SHARE OF ACQUISITION AND PANDEMIC RESPONSE EXPENSES.Q1 EARNINGS PER SHARE $0.58.Q1 EARNINGS PER SHARE ESTIMATE $0.62 -- REFINITIV IBES DATA.QTRLY NET REVENUES $2,617 MILLION VERSUS $2,723 MILLION.CHARLES SCHWAB - Q1 RESULTS INCLUDE ACQUISITION-RELATED EXPENSES AS WELL AS EXPENSES TOTALING ABOUT $27 MILLION RELATING TO COVID-19.AT QUARTER-END, TOTAL CLIENT ASSETS WERE $3.50 TRILLION VERSUS $3.59 TRILLION REPORTED LAST YEAR.TOTAL ACTIVE BROKERAGE ACCOUNTS AT QUARTER END TO 12.7 MILLION, UP 8% FROM MARCH 2019.DURING QUARTER HANDLED OVER 190 MILLION MORE CLIENT INTERACTIONS ACROSS WEB, MOBILE, CHAT, AND MESSAGING VERSUS A YEAR AGO.CLIENTS OPENED A RECORD 609,000 NEW BROKERAGE ACCOUNTS IN QUARTER – OVER 280,000 IN MARCH ALONE.CHARLES SCHWAB - TOTAL ACTIVE BROKERAGE ACCOUNTS AT QUARTER END OF 12.7 MILLION, UP 8% FROM MARCH 2019.Q1 REVENUE VIEW $2.61 BILLION -- REFINITIV IBES DATA.  Full Article

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