SCHW - The Charles Schwab Corporation
37.75 +0.01 (0.03%)
After hours: 7:57PM EDT
| Previous Close | 37.28 |
| Open | 37.03 |
| Bid | 37.75 x 3000 |
| Ask | 37.90 x 800 |
| Day's Range | 37.03 - 37.83 |
| 52 Week Range | 34.58 - 49.43 |
| Volume | 9,352,117 |
| Avg. Volume | 10,217,106 |
| Market Cap | 49.307B |
| Beta (3Y Monthly) | 0.95 |
| PE Ratio (TTM) | 14.18 |
| EPS (TTM) | 2.66 |
| Earnings Date | Oct 15, 2019 |
| Forward Dividend & Yield | 0.68 (1.82%) |
| Ex-Dividend Date | 2019-08-08 |
| 1y Target Est | 41.22 |
- Yahoo Finance Video
Yahoo U: Why did brokerage firms cut their commission fees?
In this week's episode of Yahoo U, Brian Cheung breaks down why brokerage firms cut their commission fees.
- Yahoo Finance Video
Gold ETFs see longest run in a decade amid global tensions
More investors are turning to gold as global tensions escalate further, causing more market uncertainty. Dave Nadig, Managing Director at ETF.com, joins Akiko Fujita on The Ticker to discuss some of the best ETFs to invest in to ride out 2019.
- American City Business Journals
Charles Schwab senior exec speaks candidly about being among the latest layoffs
Terri Kallsen, the former head of Charles Schwab's investor services division, shares some of the emotions and fear of going from high-ranking executive to unemployed.
- Benzinga
Option Traders Betting Big On Schwab Ahead Of Earnings
Charles Schwab Corporation (NYSE: SCHW) shares traded higher on Monday but remain down 10% in the past two weeks after Schwab and most of its discount broker peers completely eliminated trading fees on stock and ETF trades. Sellers are concerned about Schwab’s ability to maintain and grow revenue once it loses most of its trading commissions. At 11:18 a.m., a trader sold 1,250 Schwab call options with a $38 strike price expiring on March 20, 2020 at the bid price of $3.25.
- Schaeffer's Investment Research
Analyst Bets on More Upside for Charles Schwab Stock
KBW lifted its price target for Charles Schwab to $39.50 from $38
- Benzinga
Earnings, Econ Numbers And The Beige Book Pepper The Second Round of The WeTrader Competition
Today kicks off the second round of the WeTrader Competition , hosted by the zero-commission online trading platform Webull. This week also marks the final earnings season of 2019 with a host of reports ...
- Yahoo Finance
How do brokerage firms make money: Yahoo U
Yahoo Finance's Brian Cheung explains how brokerage firms make money amid their recent move to cut commissions.
- Barrons.com
More Victims in the Broker Wars
In a zero-fee world, an ETF without a commission is just an ETF. The fund industry needs a new way to differentiate its products.
- Kiplinger
Commission-Free Trades: A Bad Deal for Investors
Four of the biggest online brokers just cut their commissions to $0 per transaction. Be careful, or you could be a big loser.
- Benzinga
3 New Cheap Bond ETFs From Charles Schwab
Just days after eliminating commissions on, well, just about everything , Charles Schwab (NYSE: SCHW ) made the first additions to its lineup of exchange traded funds with the debuts of three fixed income ...
- Zacks
Will Lower Interest Rates Hurt Schwab (SCHW) in Q3 Earnings?
Schwab's (SCHW) interest revenues in the third quarter are likely to have been adversely impacted by the recent decline in rates.
- Moody's
Charles Schwab Corporation (The) -- Moody's announces completion of a periodic review of ratings of The Charles Schwab Corporation
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of The Charles Schwab Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's assessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers, which was followed by a rating committee. The updated key rating considerations and principal methodology(ies) used were explained in Moody's rating action press release dated 04 October 2019.
- Investor's Business Daily
Here's Why Online Brokers Are Rising On Fidelity's Zero-Fee Move
Fidelity joined Charles Schwab and other online brokers in offering zero-fee stock trades while touting higher yields for cash balances. Schwab stock rose.
- Bloomberg
Fidelity Joins Price War With No Online Trade Commissions
(Bloomberg) -- Fidelity Investments is crashing the free-trading party, challenging rivals in a gambit to lure assets by ending commissions.The firm will offer not only zero commissions for online buying and selling of U.S. stocks, exchange-traded funds and options, but also provide higher yields for cash balances and better trade execution, according to an announcement Thursday.The move is the latest leg in the price-chopping frenzy engulfing retail brokerages. Fidelity is the fifth major industry player since last month to roll out some form of zero-commission online stock and ETF trading as companies duel to win investors gravitating toward the cheapest products. Fidelity and its rivals have also been slashing other trading commissions and fees.The Boston-based firm, the largest online brokerage with almost 22 million accounts, boasts in a new ad that retail customers will earn 1.58% on their cash balances automatically swept into a money-market fund, based on yields as of Oct. 8. That tops rates at rivals, the firm said, asserting that customers also save by using Fidelity’s trade execution.“This combination is something that no other firm offers,” Kathleen Murphy, president of the closely held company’s personal investing business, said in the statement.Vanguard Group, a low-cost fund leader, said the firm also sweeps investors’ brokerage account cash balances into higher-yielding money market funds with a low expense ratio. The Vanguard Federal Money Market Fund, for example, yielded 1.9% with an expense ratio of 11 basis points as of Oct. 9. For mutual fund investors with less than $50,000, Vanguard charges $7 for the first 25 online trades and $20 thereafter, according to the firm’s website.Competitors’ MovesThe competition among banks, brokerages and money managers has been intensifying. The investing industry crossed a milestone in August as assets in index mutual funds and ETFs surpassed those in actively run vehicles for the first time, and heavyweights like Charles Schwab Corp., Vanguard and BlackRock Inc. have stepped up the battle for market share.Interactive Brokers Group Inc. announced commission-free trading of U.S.-exchange listed stocks and ETFs in late September. Schwab, TD Ameritrade Holding Corp. and E*Trade Financial Corp. rolled out similar offerings the following week. The announcements of the free service, which threatens the revenue of the brokerages, spurred share declines for the publicly traded companies.Schwab, with more than 12 million brokerage accounts, dropped its commissions from $4.95 per trade, starting Oct. 7. The company had previously matched cuts by Fidelity, reducing its retail trading commissions to $4.95 from $6.95 in February 2017.Index FundsFidelity’s latest move is part of an ongoing shuffle at the firm, which had $2.8 trillion of managed assets as of Aug. 31.The company that built an empire on the prowess of its stock pickers startled the industry last year by offering several zero-fee index mutual funds and has since expanded its slate of commission-free ETFs, giving investors more options with smart beta and active products.Abigail Johnson, the company’s chief executive officer, said in an interview with Bloomberg Markets magazine in November 2018 that offering a series of zero-fee funds and eliminating investment minimums were aimed at allowing the firm to “find other ways for people to give us a try.”(Adds Vanguard comment in sixth paragraph.)To contact the reporters on this story: Michael McDonald in Boston at mmcdonald10@bloomberg.net;Melissa Karsh in New York at mkarsh@bloomberg.netTo contact the editors responsible for this story: Alan Mirabella at amirabella@bloomberg.net, Josh Friedman, Vincent BielskiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Bloomberg
Brokers Get ‘Relief’ as Fidelity Fee Match Eases Price War
(Bloomberg) -- Investors can “breathe a sigh of relief” as Fidelity Investments matched rivals instead of escalating a recent price war, according to Morgan Stanley.Shares of TD Ameritrade Holding Corp. rose as much as 2.8% in Thursday morning trading, while Charles Schwab Corp. gained 2.3% and E*Trade Financial Corp. climbed 3.4%. TD Ameritrade has plunged 29% in the past month, while Schwab and E*Trade have both tumbled 13%, as brokers gave up on commissions.“Product pricing is now in-line across e-brokers and Fidelity and removes a near-term overhang,” Morgan Stanley analyst Michael Cyprys wrote in a note. He flagged Fidelity leaving its contract fee on options at 65c per contract, and said, “fears around margin lending going to zero are well overdone.”Cyprys added that Fidelity highlighting its money fund sweep option, which pays a higher yield on customer cash balances than bank sweep offerings at Schwab, TD Ameritrade and E*Trade isn’t new. “They’ve been touting this for a while now, and concerns around this are already reflected in the price for Schwab,” he said.Read more: Schwab, E*Trade Fall as Fidelity Directs Cash to High YieldsFidelity said Thursday it will offer zero commissions for online buying and selling of U.S. stocks, exchange-traded funds and options, and also provide higher yields for cash balances and better trade execution. The move came after four major industry players rolled out commission-free stock and ETF trading:Interactive Brokers Group Inc. announced commission-free stock and ETF trading in late SeptemberSchwab and TD Ameritrade then slashed trading fees to zero on Oct. 1E*Trade joined its rivals and cut commissions to zero the next dayFidelity’s price cut may have other impacts as well, according to Bloomberg Intelligence analyst David Ritter:“Fidelity’s move to free online trades may spur Schwab to cease accepting payments for order flow (1% of net revenue), likely improving prices received by clients and enhancing its appeal. We think the company is also likely to default to higher interest-bearing options for customers’ cash balances.”Last week, Cyprys said that he saw a higher probability Fidelity would reduce prices after E*Trade, TD Ameritrade and Schwab slashed commissions to zero.Read more: Schwab Triggers Online-Broker Bloodbath as Price War Deepen(Updates share trading in second paragraph. Adds commentary from Bloomberg Intelligence in the penultimate paragraph.)To contact the reporter on this story: Felice Maranz in New York at fmaranz@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Brad OlesenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- MarketWatch
Fidelity cuts fees to $0 as it jumps on zero-commission bandwagon
Fidelity Investments said that it is eliminating trading commissions, becoming the latest company to reduce brokerage fees to rock-bottom levels as rival investing platforms chase greater market share.
- Kiplinger
Schwab, TD Ameritrade, E*Trade, Fidelity Go Commission-Free
TD Ameritrade commissions vanish Oct. 3, Schwab and E*Trade start Oct. 7, Fidelity finally joins in effective Oct. 10
- Benzinga
Fidelity Will Now Be Commission-Free
The price wars are heating up in the online investment space . More than a week after Charles Schwab Corporation (NYSE: SCHW ) announced it would eliminate commissions on online trades, Fidelity Investments ...
- Barrons.com
Fidelity Cuts Commissions to Zero. That’s Not a Problem for Schwab Stock and E*Trade, Analyst Says
It may finally be game over for U.S. equity trading commissions. Fidelity announced Thursday that it is eliminating equity commissions, joining other discount brokers that made the move to zero last week.
- Investopedia
Fidelity Cuts Equity and Options Base Commissions to Zero
A week after Schwab, TD Ameritrade and E*TRADE cut their base commissions to zero, Fidelity makes the same move while emphasizing their overall value to investors
- Insider Monkey
Here is What Hedge Funds Think About The Charles Schwab Corp (SCHW)
We at Insider Monkey have gone over 730 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of June 28th. In this article, we look at what those funds think of The Charles Schwab Corp (NYSE:SCHW) based on […]
- MarketWatch
As Schwab slashes commissions, can it get any cheaper to invest?
Charles Schwab announced it would no longer charge investors to make most trades on its web site, the latest move in an aggressive ongoing cost-cutting campaign to keep investors who are increasingly fee-conscious.
- Zacks
Moody's Lowers E*TRADE, Schwab Outlook; Affirms TD Ameritrade
Moody's downgrades the outlook for E*TRADE Financial (ETFC) and Charles Schwab (SCHW), following fee cut announcement. The outlook for TD Ameritrade (AMTD) remains stable.
- Financial Times
Equity investors are set up to lose, even at zero commissions
The fall in brokerage company stock prices suggests that their customers are set to gain, to the detriment of shareholders. The routing decisions depend on whether the transaction is a marketable order or a standing limit order. Investors willing to trade at any reasonable price submit marketable orders.
