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The Charles Schwab Corporation - SCHW STOCK NEWS

Welcome to our dedicated page for The Charles Schwab Corporation news (Ticker: SCHW), a resource for investors and traders seeking the latest updates and insights on The Charles Schwab Corporation stock.

The Charles Schwab Corporation is a prominent American multinational financial services company that plays a significant role in the financial industry. Known for its comprehensive range of services, Schwab offers banking, commercial banking, investing, and related services such as consulting and wealth management advisory to both retail and institutional clients. The company stands out for its extensive presence in brokerage, wealth management, banking, and asset management.

Schwab operates a large network of brick-and-mortar brokerage branch offices and has a strong online presence with its well-established investing website. In addition, the company offers mobile trading capabilities, making it accessible for clients to manage their investments from virtually anywhere. On the banking front, Schwab operates a fully functional bank and manages its own proprietary asset-management business.

One of Schwab's unique offerings includes services to independent investment advisors, helping them manage their clients' portfolios effectively. As of December 2023, Schwab boasts over $8 trillion in client assets, underscoring its substantial influence and reach in the investment sector. The company generates nearly all its revenue from the United States, reflecting its strong domestic market presence.

Latest news from The Charles Schwab Corporation includes several significant updates:

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Stay tuned for more updates and insights on Schwab's financial performance, ongoing projects, and future developments.

News

2024 Charles Schwab Challenge Champion’s Prize Revealed as a 1975 Schwab Stingray

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Charles Schwab unveils the 2024 Champion’s Prize, a fully restored 1975 Schwab Stingray, for the upcoming Charles Schwab Challenge PGA TOUR event. The prize symbolizes the company’s commitment to innovation and accessibility in investing. Schwab will honor military heroes over Memorial Day Weekend and continue its support for The Simpson Cup. The Challengers Film Series, featuring impactful individuals in golf, and the state-of-the-art fan engagement zone, The 5 Performance Center, will also return for the event.

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Schwab Declares Common Stock Dividend and Declares Preferred Stock Dividends

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The Charles Schwab has declared a regular quarterly cash dividend of $0.25 per common share, payable on May 24, 2024. Additionally, dividends were announced for various series of preferred stock, payable on June 3, 2024.
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Thousands of Charles Schwab Employees Unite in Service to Communities Across the Country for Annual Schwab Volunteer Week

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Charles Schwab's annual Schwab Volunteer Week sees 8,000 employees engaging in 700 projects benefiting 350 nonprofits across the US, fostering community connections and unity.
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Schwab Reports First Quarter Results

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Schwab reported strong first-quarter results with core net new assets of $45 billion in March, reaching a record $9.1 trillion in total client assets. The company expanded profitability with a pre-tax margin of 37.9% and adjusted margin of 40.9%. Net revenues were $4.7 billion, showing a 6% increase quarter-over-quarter.
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Schwab Introduces Futures, Forex and Portfolio Margin on thinkorswim®

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Charles Schwab expands trading capabilities with the launch of futures and forex trading on its thinkorswim platform suite under Schwab Trading Powered by Ameritrade.
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Schwab Trading Activity Index™: Score Ascends to Moderate Levels in March

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Schwab clients were net buyers in March, with a focus on Information Technology, Health Care, and Consumer Staples sectors. The Schwab Trading Activity Index (STAX) increased to 51.65, the highest since May 2022, reflecting moderate market exposure. Despite mixed macroeconomic data, U.S. equity markets reached all-time highs during the period.
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Charles Schwab Named Best Investing Platform Overall by U.S. News

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Charles Schwab has been recognized as the Best Investing Platform Overall by U.S. News & World Report for the second consecutive year in their 2024 U.S. News Money Awards. Schwab also received accolades for Best Investing Platform for Stock Trading, Options Trading, and Forex Trading.
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Ameritrade, Now Part of Charles Schwab, Ranks Highest in Its Segment in the J.D. Power 2024 U.S. Self-Directed Investor Satisfaction Study

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Charles Schwab-owned companies, including Ameritrade, ranked #1 and #2 among DIY investors in the 2024 U.S. Self-Directed Investor Satisfaction Study. The study highlighted the strength of the core Ameritrade platform post-acquisition by Schwab, with high client satisfaction and improved services. Schwab has successfully integrated 90% of Ameritrade client assets and aims to complete the transition by May 2024, offering a wide range of products, services, and industry-leading client service.
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Schwab Announces Its Spring Business Update

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The Charles Schwab will host a Spring Business Update for investors on April 15th, featuring key executives discussing recent developments and strategic focus.
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Schwab Announces Its Institutional Investor Day

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The Charles Schwab has announced its inaugural Institutional Investor Day on May 22nd, offering a live public webcast to update the investment community on recent business developments and strategic focus.
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FAQ

What is the current stock price of The Charles Schwab Corporation (SCHW)?

The current stock price of The Charles Schwab Corporation (SCHW) is $82.08 as of January 23, 2025.

What is the market cap of The Charles Schwab Corporation (SCHW)?

The market cap of The Charles Schwab Corporation (SCHW) is approximately 148.8B.

What services does The Charles Schwab Corporation offer?

The company provides banking, commercial banking, investing, consulting, and wealth management advisory services to both retail and institutional clients.

How does Charles Schwab support independent investment advisors?

Schwab offers bespoke services to assist independent investment advisors in managing their clients' portfolios more effectively.

What is the significance of Schwab's brokerage network?

Schwab's large network of brokerage branch offices and its strong online presence provide clients with easy access to a wide range of financial services.

How much client assets does Schwab manage?

As of December 2023, Schwab manages over $8 trillion in client assets.

What is Schwab's primary revenue source?

Nearly all of Schwab's revenue comes from its operations within the United States.

What makes Schwab's mobile trading capabilities notable?

Schwab's mobile trading features allow clients to manage their investments from virtually anywhere, offering flexibility and convenience.

Does Schwab operate only in the United States?

While the majority of Schwab's revenue is generated in the United States, it is recognized as a multinational company.

What is Schwab's proprietary asset-management business?

Schwab operates its own asset-management business, providing tailored investment products and services.

How frequently does Schwab update its financial performance?

Schwab regularly updates its stakeholders on financial performance through quarterly reports and other disclosures.

Where can I find the latest news about The Charles Schwab Corporation?

For the latest updates, insights, and news about Schwab, visit their official website or reliable financial news outlets.
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The Charles Schwab Corporation

NYSE:SCHW

SCHW Rankings

#79 Ranked by Market Cap
#1715 Ranked by Dividends

SCHW Stock Data

148.79B
1.67B
6.27%
84.78%
0.84%
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