48.93 0.00 (0.00%)
After hours: 4:57PM EST
|Bid||46.93 x 1200|
|Ask||48.94 x 1100|
|Day's Range||47.86 - 49.03|
|52 Week Range||34.58 - 51.65|
|Beta (5Y Monthly)||1.38|
|PE Ratio (TTM)||18.33|
|Earnings Date||Apr 12, 2020 - Apr 16, 2020|
|Forward Dividend & Yield||0.68 (1.40%)|
|Ex-Dividend Date||Nov 06, 2019|
|1y Target Est||55.00|
The elimination of trading commissions cuts into fiscal first-quarter earnings, but increases assets under management Continue reading...
TD Ameritrade's (AMTD) Q1 (ending Dec 31) earnings underline lower revenues and higher expenses, partly mitigated by steady trading activity.
Higher expenses and decline in daily average revenue trades hurt Interactive Brokers' (IBKR) Q4 earnings. However, increase in revenues offers some support.
(AMTD) stock fell after the brokerage company’s quarterly earnings came in below analysts’ expectations. TD Ameritrade shares (ticker: AMTD) are down about 1.5% in after-hours trading. Net interest margin—the key profit center for brokerages—came in at 2.10%, down from 2.18% a year ago.
The Charles Schwab Corporation has been named as one of Fortune magazine’s top 50 World's Most Admired Companies for the third consecutive year.
TD Ameritrade and Interactive Brokers both missed earnings forecasts Tuesday as brokerages eliminated trading fees.
To operate in the United States, stock brokers must comply with SEC regulations that protect investors. Here is a look at some of the best.
(Bloomberg Opinion) -- Every year for the past decade I have been making a list of what I got wrong. This act of contrition allows me to own my mistakes, recognize my fallibility and learn from the experience. I hope you find some value in doing the same exercise.Let’s get to the errors:No. 1. Trading commissions: Last February, I cited a Morningstar survey that found that “fees fell 8 percent in 2017, the largest one-year decline ever reported.” It seemed, according to data on fees, that the point of diminishing returns had been reached. “The race to zero may be reaching its natural limits,” I wrote.Boy, did Charles Schwab Corp. prove me wrong.Although commission-free trading has been around awhile, it was either a niche product or offered as a teaser for other products. After investment giant Schwab said in October that it would offer commission-free trading, everyone from Fidelity to Vanguard to TD Ameritrade followed suit.One caveat: There is no free lunch, and free trading means that offsetting fees may be hidden or buried in the fine print. I continue to believe that, at least in finance, cheap is better than free. No. 2. University endowments underperform: Each October, many college endowments release their investment performance data for the past fiscal year. I wrote about the Ivy League endowments and how they had failed to beat benchmark returns.But I made an assumption that the benchmark these endowments were being compared against was a globally diversified portfolio. I was wrong. As it turns out — buried in a footnote of the research I relied on — the benchmark used for the study was a domestic portfolio. This is not a good comparison because the endowments invest globally. It stands to reason that they would look like laggards in a period of U.S. market outperformance versus the rest of the world. The lesson learned: The footnotes matter — a lot.No. 3. Brexit: I have been saying that the British will eventually come to realize that Brexit is a self-destructive and needless exercise and eventually would reverse the referendum mandating that the U.K. leave the European Union. I said it here, here and here.The election as prime minister of Boris Johnson, an opportunistic Brexiteer, pretty much means that the exit is going to be fast-tracked in a way that his predecessor, Theresa May, could never manage. There is no need to wait for it to be official: I was wrong about Brexit. The only argument left is whether the U.K. will leave the EU with or without a deal setting the terms of the departure.No. 4. Fiduciary rule: I have long argued that the brokerage industry owes consumers a higher level of care than now on offer and that putting client interests first should be the standard. In other words, rules should require brokers to serve as fiduciaries rather than as the glorified used-car salesmen that they historically have been.Despite opposition from the brokerage industry to any rule change, investors have been voting with their dollars and hiring financial advisers that conform to this better standard. It is all but inevitable, I wrote, that this fiduciary standard would be adopted by the industry, albeit with a nudge from the government.But I underestimated what the deeply motivated and deep-pocketed brokerage industry can accomplish in a deeply corrupt Washington. For now, rules requiring the adoption of the fiduciary standard are on hold.No. 5. Facebook didn't flip the 2016 election: I made a mistake on the long-running debate about the role of a weaponized Facebook in the 2016 election, arguing that very few people change their minds based on social media. Mostly, I argued, social media is a giant echo chamber and that people aggressively avoid ideas that challenge their established opinions.Given how close the 2016 election was — decided by a tiny share of the votes cast in three or four states — I am willing to admit that maybe Facebook content did persuade a few people to change their votes or stay home. Theoretically, this could have swung the election. And while I was predisposed to discount the role of social media in 2020, I now believe it could matter a lot. Let’s hope the 2020 election isn’t so close that the role of social media even matters.To contact the author of this story: Barry Ritholtz at email@example.comTo contact the editor responsible for this story: James Greiff at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Barry Ritholtz is a Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Charles Schwab Corp.’s plan to eliminate trading fees pushed client assets to a record, surpassing $4 trillion and sending shares higher, even as the firm faced a decline in trading revenue.Customers opened 433,000 new brokerage accounts in fourth quarter, bringing the total to 12.3 million, according to a statement issued Thursday. Trading revenue plunged 58% to $86 million in the period after the company introduced zero-commission trades.The results are the first view of how the largest discount broker’s fee change, which was followed by rivals, is impacting Schwab’s bottom line. And it comes after the company’s $26 billion agreement to buy rival TD Ameritrade Holding Corp.The shares rose more than 4% to $49 in New York trading, the biggest gain since Nov. 21 when news of the Ameritrade deal first broke.Schwab incurred $17 million in pretax acquisition-related expenses in the quarter, which weighed on profit. Schwab reported earnings of 62 cents per share, compared with the average estimate of 64 cents.While earnings missed estimates, the growth in assets, new accounts and client cash pointed in a positive direction, said to Devin Ryan, an analyst with JMP Securities.“There’s reason for optimism on the underlying outlook for the business,” Ryan said in an interview.Other highlightsFourth quarter net interest revenue -- the money Schwab makes from client cash and the largest source of profits -- fell about 2%Total quarterly revenue declined to $2.6 billionSchwab plans a business update conference call with investors on Feb. 4 at 11:30 a.m. New York time.Read moreSchwab Triggers Online-Broker Bloodbath as Price War DeepensBrokers Profit From You Even If They Don’t Charge for TradingSchwab to Acquire TD Ameritrade in Reshaping of Industry (1)(Adds account graphic and shares after third paragraph)To contact the reporters on this story: John Gittelsohn in Los Angeles at email@example.com;Annie Massa in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Sam Mamudi at email@example.com, Alan Mirabella, Melissa KarshFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Charles Schwab earnings missed Q4 estimates, but a surge in new assets suggested the brokerage remained competitive even as the entire industry moved to zero-fee trades.
The Charles Schwab Corporation (SCHW) delivered earnings and revenue surprises of -3.08% and -0.17%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Antoine Dréan, chairman of private-equity advisory Triago, has published his 10 ‘outrageous’ predictions for 2020.
Shares of Charles Schwab Corp. lost 0.8% in premarket trading Thursday, after the discount broker reported fourth-quarter profit that fell below expectations. Net income fell to $852 million, or 62 cents a share, from $935 million, or 65 cents a share, in the year-ago period. The results include an expense related to pending acquisitions of 1 cent per share. The FactSet consensus for earnings per share was 64 cents. Revenue fell 2% to $2.61 billion, matching the FactSet consensus, as net interest revenue declined 1.9% to $1.60 billion. Asset management and administration fees revenue rose 12% to $845 million, just shy of the FactSet consensus of $846 million, while trading revenue dropped 58% to $86 million but beat expectations of $78 million. Schwab caused a stir in the discount broker industry during the fourth quarter, when it dropped commissions on U.S. stocks, ETF and options, then announced a deal to buy rival TD Ameritrade Holding Corp. in a $26 billion deal. Schwab's stock has soared 20.8% over the past three months through Wednesday, while the SPDR Financial Select Sector ETF has gained 9.5% and the Dow Jones Industrial Average has advanced 7.5%.
The Charles Schwab Corporation announced that its net income for the fourth quarter of 2019 was $852 million, down 9% from $935 million in Q4 2018.
Shares of discount bank and brokerage giant Charles Schwab rise, even as the company reports fourth-quarter earnings below analysts' forecasts.
Stock futures suggest Wall Street will push higher into record territory after the U.S. and China sign preliminary trade pact; Morgan Stanley and Charles Schwab report earnings; Apple buys an AI startup; XPO Logistics exploring alternatives for its business units.
From the Gold Rush to today's soaring stock market, those with family fortunes like to call San Francisco home.
On Thursday, January 16, Charles Schwab (NYSE: SCHW ) will report its last quarter's earnings. Here is Benzinga's preview of the company's release. Earnings and Revenue Sell-side analysts expect Charles ...
One may be flying in by helicopter while the other is expected to take a more sustainable route up the mountain but if rumour is to be believed, the snowy alpine resort of Davos COULD be the setting of an unlikely encounter Greta Thunberg and Donald Trump World Economic Forum founder Klaus Schwab though was playing down whether he would attempt to orchestrate a handshake. (SOUNDBITE) (English) KLAUS SCHWAB "We try to never engineer something. I think the best things just happen and afterwards have a positive impact." With sustainability the main theme of the annual summit, pressure has never been more intense on governments to act. (SOUNDBITE) (English) REUTERS CORRESPONDENT CONWAY GITTENS, SAYING: "Business leaders too are under pressure to make meaningful commitments, particularly after a warning last week from BlackRock Chief Executive Larry Fink. He told company boards to step up efforts to tackle climate change and make investment decisions with climate change risk in mind. That'a a big about face from the world's biggest asset manager, with more than $7 trillion of assets under management.'' But will we see more CEOs following suit? The WEF is trying to force their hand by introducing a score card. It will rate companies on the basis of environmental and social performance although they haven't said whether firms would be struck off the Davos guest list if they don't score well. (SOUNDBITE) (English) KLAUS SCHWAB, WEF FOUNDER, SAYING: "We are faced with an urgency. We see a window for action closing and this is the reason why we put so much emphasis on the issue of climate for the 50th anniversary." U.S. President Donald Trump is expected to dominate headlines again, if he shows up. while some world leaders will skip this year's Davos. British PM Boris Johnson has told his ministers to avoid an event seen by many as elitist. Although Schwab insists Johnson told him he'd be back next year. In a bid to preempt criticism that its jetset guests are part of the problem, the WEF says this year's Davos will be fully carbon neutral for the first time.