|Bid||37.24 x 1200|
|Ask||41.79 x 1800|
|Day's Range||40.90 - 42.14|
|52 Week Range||37.83 - 54.26|
|Beta (3Y Monthly)||0.92|
|PE Ratio (TTM)||16.07|
|Earnings Date||Oct 14, 2019 - Oct 18, 2019|
|Forward Dividend & Yield||0.68 (1.69%)|
|1y Target Est||44.47|
Discount brokerage Interactive Brokers fell short of Q2 estimates late Tuesday after Charles Schwab earnings met forecasts earlier in the day.
Charles Schwab earnings for the company's second quarter of the year has SCHW stock on the rise Tuesday.Source: Shutterstock Charles Schwab (NYSE:SCHW) reports earnings per share of 66 cents for the second quarter of 2019. This is up from the company's earnings per share of 60 cents from the same time last year. It was also good news for SCHW stock by beating out Wall Street's earnings per share estimate of 65 cents for the period.The most recent Charles Schwab earnings report also has it bringing in net income of $937 million. That's 8% better than the company's net income of $866 million reported in the second quarter of 2018.InvestorPlace - Stock Market News, Stock Advice & Trading TipsRevenue reported by Charles Schwab for the second quarter of the year comes in at $2.68 billion. This is an increase over the financial company's revenue of $2.49 billion reported in the same period of the year prior. It was also a blessing to SCHW stock by coming in above analysts' revenue estimate of $2.67 billion for the quarter. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip "Both advisors and individual clients contributed to our total core net new assets of $37.2 billion during the second quarter," Walt Bettinger, CEO of Charles Schwab, said in a statement. "With first half core net new assets of $88.9 billion, we sustained an annualized organic growth rate in excess of 5% throughout the period despite seasonal tax outflows in April."SCHW stock was up 3% as of Tuesday afternoon. However, the stock is also down 3% since the start of the year. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading As of this writing, William White did not hold a position in any of the aforementioned securities.The post Charles Schwab Earnings: SCHW Stock Jumps on Better-Than-Expected Q2 appeared first on InvestorPlace.
Relatively high interest rates and growth in total client assets aid Schwab's (SCHW) Q2 earnings. However, increase in operating costs is a headwind.
Charles Schwab (NYSE: SCHW ) reported second-quarter earnings of 66 cents per share, which comes in line with analyst estimates. Sales of $2.681 billion beat the $2.67 billion estimate. "Thus far ...
Revenues Grow 8% Year-Over-Year to $2.7 Billion, Marking Sustained Business Momentum
Shares of Charles Schwab were higher Tuesday as the San Francisco asset manager and discount broker reported second-quarter earnings and revenue that exceeded analysts' expectations. Net income climbed 8.
Investing.com - Charles Schwab (NYSE:SCHW) reported second quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
Charles Schwab told employees it’s scrapping an annual trip to Hawaii or other popular destinations for high-performing employees, saying the event was rooted in “a different era” and now poses “significant reputational risks,” the Wall Street Journal reported, citing a company email to employees. In place of next year’s trip to Hawaii for about 200 employees, the company will give those making the Chairman’s Club an after-tax check for $5,000 and a paid week off. Ending the Hawaii trip reflects how no expense is overlooked in an era when Schwab faces pricing pressures from a new generation of competitors, such as Menlo Park-based Robinhood, with commission-free stock trades and margin rates on most loans about half of what Schwab charges.
(Bloomberg) -- Charles Schwab Corp. appears to be making a play to grab more advisory clients as fees fall for asset management and trading.The San Francisco-based brokerage firm is in talks to buy USAA’s brokerage and wealth-management operations for roughly $2 billion, the Wall Street Journal reported Monday. The deal may be reached this month, the newspaper said, citing people familiar with the matter.The potential transaction underscores the increasing race by asset managers to diversify amid competition to lower fees for trading and fund management. In March, Schwab introduced the first monthly subscription plan for clients. Vanguard Group Inc., the low-fee fund leader, is devoting more resources to offering advice and Fidelity Investments last year started offering zero-fee index funds.“We’ve seen Schwab in general moving more in the direction of providing wealth-management and financial planning advice, more than just the DIY-investor platform,” Donnie Ethier, director of wealth management at Boston-based consulting firm Cerulli Associates, said. USAA’s clientele represent current and former members of the military who “tend to have a very strong culture and client loyalty and retention.”Traditionally viewed as an adviser and broker to the masses, Schwab’s USAA deal would fuel expansion in an arena that’s seen as having better growth prospects and a higher return on equity than most other retail banking businesses.In North America, personal financial wealth grew by nearly a quarter in the three years ending in 2018 to $90.3 trillion, according to a Boston Consulting Group report. Baby boomers are becoming increasingly dependent on money managers as they retire at a pace of 10,000 a day.The advisory business is undergoing a sea-change as financial technology, such as robo-advisers and index funds, are transforming client needs and expectations, according Ethier, who has no direct knowledge of the potential transaction.Representatives for Schwab and USAA declined to comment when reached by Bloomberg.Schwab has been trying to increase the share of revenue and income from adviser services, which made up 27.7% of revenue and 30.4% of operating income for fiscal 2018, according to data compiled by Bloomberg. The majority of Schwab’s revenue last year came from net interest margin, or earnings from client cash deposits, a source that would be threatened by falling interest rates.The potential transaction got a lukewarm reception from investors and some analysts.USAA would add about 3% to Schwab’s total of $3.6 trillion in client assets, so “clearly not qualify as a transformative deal although is not insignificant,” Wells Fargo & Co. analysts led by Christopher Harris said in a note Monday.Schwab shares climbed 0.4% to $40.30 in New York trading Monday. The stock has declined 3% this year, while an S&P 500 index of asset managers and custody banks returned 11%.On July 12, Bank of America Corp. cut its Schwab rating to neutral from buy, citing a tougher revenue and margin outlook.The company reports earnings tomorrow and will hold a business update call July 19.The sale of its wealth management unit would help USAA focus more on its core insurance business, according to Cerulli’s Ethier. On July 1, it completed the sale of its asset management business to Victory Capital Holdings Inc. for $850 million.(Adds analyst comments starting in fourth paragraph.)To contact the reporters on this story: John Gittelsohn in Los Angeles at email@example.com;Devon Pendleton in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Alan Mirabella at email@example.com, ;Pierre Paulden at firstname.lastname@example.org, Josh FriedmanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Charles Schwab (NYSE:SCHW) is discussing the possibility of acquiring the United Services Automobile Association (USAA), a financial services business that could prove to be a substantial boost.Source: Shutterstock San Francisco-based investment management firm Charles Schwab is considering buying the USAA for about $2 billion, which would expand the firm's place as a financial advice business. Such a move has the potential of bringing in about $100 billion worth of assets to the firm from the closely-held USAA.The deal could be ironed out and carried to fruition as soon as the current month, according to people familiar with the matter. Such an agreement would mark a continuation of Charles Schwab's March decision to roll out a new subscription model that would reel in more clients in the wealth management space-it would do so by making such advice more affordable when compared to the traditional way of charging a percentage of the assets.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe California-based firm also has its hand in the spaces of banking and custodial services, which has helped it attain a market value of roughly $55 billion, per the Wall Street Journal. Meanwhile, USAA offers insurance in the fields of homes, life and automotive.USAA also operates as an online banking and investment services.SCHW stock is up about 0.4% on Monday afternoon following the news. More From InvestorPlace * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond * 7 Dependable Dividend Stocks to Buy * 7 Retail Stocks to Buy for the Second Half of 2019 * 10 Stocks to Sell for an Economic Slowdown The post Charles Schwab News: SCHW Stock Pops on Possible USAA Deal appeared first on InvestorPlace.
Traders this week will have plenty to sink their teeth into, between the start to second-quarter earnings season, hearings on Facebook’s controversial new cryptocurrency project and Amazon’s Prime Day extravaganza.
Since Schwab switched to a subscription model for its hybrid robo-advisor in late March, the service has added $1 billion in new assets.
'Is not the Fed now operating on the dual mandate of arsonist - and fireman?' -- Jim Grant, Grant’s Interest Rate Observer Continue reading...
Over the past few years, net interest income (NII) has been Charles Schwab Corporation’s (NYSE: SCHW ) revenue growth engine. With Fed rate cuts now on the horizon, the company’s revenue outlook looks ...
Shares of Charles Schwab Corp. fell 1.1% in morning trading Friday, enough to pace the S&P 500's financial-sector decliners, after BofA Merrill Lynch downgraded the discount broker, citing a tougher revenue and margin outlook given expectations that the Federal Reserve will lower interest rates. Analyst Michael Carrier cut his rating to neutral from buy, and dropped his stock price target to $43 from $49. Carrier said Schwab's revenue engine over the past few years has been net interest margin (NII), which would decline if the Fed lowers its target on overnight interest rates, as is widely expected. "While we believe some of this risk is priced into the shares at the current valuation, we see more downside risk to estimates ahead," Carrier wrote in a note to clients. The stock has shed 12% over the past three months, while the SPDR Financial Select Sector ETF has gained 3.7% and the S&P 500 has tacked on 3.4%.
While growth in assets will likely aid Schwab's (SCHW) interest revenues in the second quarter, lower volatility might hurt trading revenues to some extent.
Long ago, Dennis Howard's dad told him computers were the future, so he took some computer programming classes during college. Today, he runs the tech side of a company that employs about 20,000 people and oversees about $3.5 trillion in client assets.