|Bid||36.16 x 1400|
|Ask||36.97 x 3000|
|Day's Range||36.35 - 38.03|
|52 Week Range||36.01 - 52.70|
|Beta (3Y Monthly)||0.87|
|PE Ratio (TTM)||13.75|
|Forward Dividend & Yield||0.68 (1.80%)|
|1y Target Est||N/A|
According to Charles Schwab’s latest SDBA Indicators Report™, an industry-leading benchmark on retirement plan participant investment activity within approximately 142,000 self-directed brokerage accounts , only 20% of SBDA participants worked with an advisor; however, those who did had an average balance of $448,515 – nearly twice as much as the $234,673 held by non-advised participants.
The Charles Schwab Corporation announced today that it has entered into a definitive agreement to acquire assets of USAA’s Investment Management Company, including brokerage and managed portfolio accounts for $1.8B in cash. The companies have also agreed to enter into a long-term referral agreement, effective at closing of the acquisition, that would make Schwab the exclusive wealth management and brokerage provider for USAA members. Walt Bettinger, president and CEO of Schwab, said, “We are honored to be entrusted with serving the financial needs of USAA’s members.
The Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.17 per common share. The dividend is payable August 23, 2019 to stockholders of record as of the close of business on August 9, 2019.
Revenues Grow 8% Year-Over-Year to $2.7 Billion, Marking Sustained Business Momentum
Since introducing new subscription-based pricing at the end of March, Schwab Intelligent Portfolios Premium has added $1 billion in new assets under management, reinforcing the significance of Schwab’s move to a more modern way to deliver financial planning. Schwab Intelligent Portfolios Premium offers unlimited 1:1 guidance from a CERTIFIED FINANCIAL PLANNER™ professional who can provide personalized financial advice based on current goals and circumstances, a comprehensive and customized financial plan, access to the financial plan 24/7 via a comprehensive digital planning experience, and a diversified portfolio of low-cost exchange-traded funds (ETFs) that automatically rebalances over time. “The move to subscription-based financial planning came as a direct result of client feedback about the appeal of this pricing approach, and it’s clear from these early results that we’ve struck a chord,” said Cynthia Loh, Charles Schwab vice president of digital advice and innovation.
Schwab announced today that it has added 25 ETFs to Schwab ETF OneSource™, one of the first commission-free ETF programs1 in the industry. Starting today, clients can access 539 ETFs covering 83 Morningstar Categories with $0 online commissions.
The Charles Schwab Corporation announced today that it has scheduled a Summer Business Update for institutional investors on Friday, July 19th. This Update, which will be held via webcast, is part of an ongoing series designed to help the investment community keep abreast of recent developments and management’s strategic focus.
New research from Schwab Retirement Plan Services finds that although 401(k) participants believe they need $1.7 million, on average, to retire, many are not investing enough to reach that goal. The nationwide survey of 1,000 401(k) plan participants also reveals the outsized role of the 401(k) in Americans’ financial lives, with most (58%) saying it is their only or largest source of retirement savings. Moreover, two-thirds (65%) of those surveyed say participating in a 401(k) plan was their first experience with investing – yet when it comes to using a 401(k), 64 percent view themselves as savers rather than investors.
Charles Schwab has earned the highest ranking in overall satisfaction in the J.D. Power 2019 Retirement Plan Participant Satisfaction Study in the large plan segment. Schwab also ranked highest in the J.D.
Charles Schwab is honored to congratulate Kevin Na on his victory at the 2019 Charles Schwab Challenge. With his four shot, 70-62-69-66-win, Na captured the iconic Leonard Trophy and will have his name etched in stone on the Wall of Champions at Colonial Country Club. During Sunday’s champion’s ceremony on the 18th hole, Na was officially awarded the car ― painted in custom Glacier Blue ― featuring one-off Schwab badging and touches of Colonial’s trademark Scottish royal tartan on the seats to match the Champion’s tartan jacket that is synonymous with this historic tournament.
According to Charles Schwab’s SDBA Indicators Report™, an industry-leading benchmark on retirement plan participant investment activity within self-directed brokerage accounts , the average SDBA balance jumped to $267,609 at the end of Q1 2019, an increase of 8.7 percent from Q4 2018, as the markets bounced back from the sharp losses experienced at the end of 2018.
The Board of Directors of The Charles Schwab Corporation has declared a semi-annual dividend on the outstanding Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A in the amount of $35 per share.
In its first year as title sponsor, Charles Schwab is introducing a number of additions to the charitable programs associated with the 2019 Charles Schwab Challenge. The tournament’s long history of helping those in need throughout the state and Dallas-Fort Worth community also will receive a fresh look and support from Charles Schwab to broaden its charitable impact. “Schwab’s strong commitment to philanthropy and volunteer service in our communities is a core part of our culture, which makes us so proud to sponsor this historic tournament that is among the PGA TOUR leaders in charitable giving,” said Carrie Schwab-Pomerantz, who serves as president of the Charles Schwab Foundation and senior vice president of Charles Schwab.
More than a third of Americans admit their spending habits have been influenced by images and experiences shared by their friends on social media and confess they spend more than they can afford to avoid missing out on the fun, according to Schwab’s 2019 Modern Wealth Survey, an annual examination of how 1,000 Americans think about saving, spending, investing and wealth.
With less than one month to go until the start of the 2019 Charles Schwab Challenge, the tournament and Schwab are announcing a series of new initiatives that will pay homage to the tradition of this event and legacy of golf legend, Ben Hogan — while building a bridge to its future as one of the most modern and engaging events on the PGA TOUR. In its first year as title sponsor, Charles Schwab and the tournament will introduce new programming that celebrates the players, golf fans and the Dallas-Fort Worth community.
Charles Schwab has been challenging the status quo in the financial services industry on behalf of investors since 1973. Now, as the title sponsor of the Charles Schwab Challenge — a PGA TOUR event that has challenged the world’s top shot-makers for 73 years — the company is celebrating that “challenger spirit” by unveiling a one-of-a-kind prize for the champion of this year’s event: a restored 1973 Dodge® Challenger. The car — a restomod “Schwab Challenger” that mixes a vintage body with modern comfort, performance and reliability — is covered in custom Glacier Blue paint, with one-off Schwab badging.
The Charles Schwab Corporation announced today that it has scheduled a Spring Business Update for institutional investors on Friday, April 26th. This Update, which will be held via webcast, is part of an ongoing series designed to help the investment community keep abreast of recent developments and management’s strategic focus.