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Last $30.23 USD
Change Today +0.45 / 1.51%
Volume 7.3M
SCHW On Other Exchanges
Symbol
Exchange
New York
Mexico
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

schwab (charles) corp (SCHW) Snapshot

Open
$29.81
Previous Close
$29.78
Day High
$30.24
Day Low
$29.51
52 Week High
03/6/15 - $31.73
52 Week Low
10/15/14 - $23.35
Market Cap
39.7B
Average Volume 10 Days
8.2M
EPS TTM
$0.95
Shares Outstanding
1.3B
EX-Date
02/5/15
P/E TM
32.0x
Dividend
$0.24
Dividend Yield
0.79%
Current Stock Chart for SCHWAB (CHARLES) CORP (SCHW)

schwab (charles) corp (SCHW) Details

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, money management, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. It offers brokerage products, such as brokerage accounts; individual retirement accounts; retirement plans for small to large businesses; 529 college savings accounts; designated brokerage accounts; equity incentive plan accounts; and margin loans, as well as access to fixed income securities, equity and debt offerings, options, and futures. The company also provides no-load, proprietary, and other third-party mutual funds, as well as mutual fund trading and clearing services to broker-dealers; and third-party and proprietary exchange-traded funds. In addition, it offers advice solutions, including separately managed accounts, customized personal advice for tailored portfolios, and specialized planning and full-time portfolio management; and trust custody services, personal trust reporting services, and administrative trustee services. Further, the company provides banking products, such as checking accounts linked to brokerage accounts, savings accounts, certificates of deposit, demand deposit accounts, first lien residential real estate mortgage loans, home equity loans and lines of credit, and personal loans and entity lending collateralized by securities. It serves individuals and institutional clients in the United States, the Commonwealth of Puerto Rico, London, and Hong Kong. The Charles Schwab Corporation was founded in 1971 and is headquartered in San Francisco, California.

14,600 Employees
Last Reported Date: 02/23/15
Founded in 1971

schwab (charles) corp (SCHW) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.0M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $575.0K
Executive Vice President of Client Solutions
Total Annual Compensation: $550.0K
Compensation as of Fiscal Year 2013.

schwab (charles) corp (SCHW) Key Developments

The Charles Schwab Corporation Launches New Automated Investment Advisory Service

The Charles Schwab Corporation has launched Schwab Intelligent Portfolios, an automated investment advisory service. Schwab Intelligent Portfolios is the only investment advisory service using sophisticated computer algorithms to build, monitor, and rebalance diversified portfolios based on an investor's stated goals, time horizon and risk tolerance without charging any advisory fees, commissions or account services fees. Schwab Intelligent Portfolios applies the insights of Charles Schwab Investment Advisory (CSIA) experts to algorithms to build and manage client portfolios of low-cost Exchange Traded Funds (ETFs) with up to 20 asset classes, as well as an FDIC-insured cash allocation to manage volatility and risk. Investors with as little as $5,000 will receive a portfolio recommendation after answering a short set of questions that quickly assess their goals and risk tolerance, and the portfolio is automatically rebalanced as market dynamics change. "We know there are three controllable variables that have an impact on the long-term success of investors - being and staying invested; having access to quality investment advice and money management; and keeping costs low," said Schwab executive vice president Naureen Hassan, who leads the team responsible for Schwab Intelligent Portfolios.

Appeals Court Revives Bond Index Fund Class-Action Suit Against Charles Schwab

The ruling revives the claims by plaintiffs led by Northstar Financial Advisors of breach of contract and breach of fiduciary duty. The 9th U.S. Circuit Court of Appeals on March 9 voted 2-1 to reinstate a class-action lawsuit against Charles Schwab Corp. alleging that its portfolio managers ignored fundamental investment objectives, causing the Schwab Total Bond Index fund to lag its benchmark. The ruling revives the claims by plaintiffs led by Northstar Financial Advisors Inc. of breach of contract and breach of fiduciary duty, among others. In the lawsuit, the plaintiffs claim that the company's portfolio managers disregarded the fundamental investment objective of the fund, which was to track the Lehman Brothers U.S. Aggregate Bond Index, when they invested more than 25% of the fund's assets in non agency mortgage securities and collateralized mortgage obligations. The plaintiffs further claimed that this led to the fund lagging its benchmark from Sept. 1, 2007, to Feb. 27, 2009, and lost 4.80%. The index, meanwhile, had a 7.85% positive total return.

Charles Schwab Settles ARS Suit by NY Attorney General

Charles Schwab Corp. has settled an auction-rate securities fraud lawsuit filed in 2009 by New York's attorney general. In the lawsuit, the company was accused of misrepresenting ARS to investors as liquid investments without disclosing the risks. The terms of the settlement were not disclosed.

 

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Industry Analysis

SCHW

Industry Average

Valuation SCHW Industry Range
Price/Earnings 31.5x
Price/Sales 6.6x
Price/Book 3.6x
Price/Cash Flow 26.1x
TEV/Sales 0.7x
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