The Charles Schwab Corporation (SCHW) - NYSE
  • Dec. 18, 2015, 3:21 PM
    • Still bullish on the long-term outlook for Schwab (SCHW -3.4%), the team at Piper Jaffray downgraded to Neutral thanks to its expectation for multiple compression over the next year.
    • Higher interest rates should mean re-emerged earnings power, they say, but Schwab is trading at 25x earnings vs. what the team says should probably be more like 18-19x. While not expecting an immediate reversion, the team notes Schwab is more expensive than its peers.
    • The price target of $38 (up from $36, and against the current stock price of $32.09) is based on 21.5x forward four-quarter earnings.
    • Previously: Piper Jaffray pulls Schwab buy recommendation (Dec. 18)
    | Dec. 18, 2015, 3:21 PM
  • Dec. 18, 2015, 9:51 AM
    • Higher short-term interest rates are supposed to be a positive catalyst for Schwab (NYSE:SCHW), which has lost a fortune rebating money market fees to clients so they don't net a negative return on the accounts.
    • Markets do tend to discount these things though, and Piper - on the week the Fed finally hiked - downgrades to Neutral from Overweight, with price target cut to $36 from $38.
    • Shares -1.4% to $32.75.
    | Dec. 18, 2015, 9:51 AM | 2 Comments
  • Dec. 16, 2015, 3:04 PM
    | Dec. 16, 2015, 3:04 PM | 48 Comments
  • Dec. 14, 2015, 1:14 PM
    • November DARTs came in above October levels, say the UBS team, which also estimates total client assets are north of Q4 forecasts, even with market losses and a slowdown in core net new asset growth last month.
    • Parsing some other stats: Mutual funds saw significant outflows of $3.6B, but these were more than offset by inflows into ETFs. Active accounts inbound calls per day and web logins per day of 1.56K were up slightly from October's 1.53K.
    • SCHW +1.1% on the session.
    | Dec. 14, 2015, 1:14 PM
  • Nov. 13, 2015, 10:17 AM
    • October net new assets of $10.5B.
    • Total client assets of $2.54T up 5% M/M, up 4% Y/Y.
    • New brokerage accounts of 88K, up 10% M/M, up 16% Y/Y.
    • SCHW -1.6%
    | Nov. 13, 2015, 10:17 AM | 1 Comment
  • Nov. 11, 2015, 8:39 AM
    • Following BlackRock's (NYSE:BLK) move to cut the price of its iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) to just three basis points - below that of Vanguard's Total Stock Market ETF (NYSEARCA:VTI) at five bps and Schwab's (NYSE:SCHW) U.S. Large-Cap ETF (NYSEARCA:SCHX) at four bps - Schwab says it will trim SCHX's expense ratio by one basis point to match the iShares cost (timing uncertain).
    • Schwab spokesman Greg Gable says the company will also consider a cut in the U.S. Broad Market ETF (NYSEARCA:SCHB), which is currently at four basis points.
    • Previously: ETF price wars: BlackRock slashes prices on Core iShares products (Nov. 10)
    | Nov. 11, 2015, 8:39 AM | 8 Comments
  • Nov. 9, 2015, 10:57 AM
    • U.S.-listed ETFs and ETPs have brought in a record $174.8B in net new assets this year as of the end of October (beating the previous record in 2013 by 12.4%), according to ETFGI. October's net inflows of $28.4B marked the ninth consecutive month of gains.
    • For ETFs and ETPs listed globally, net inflows through the end of October of $287.3B are up 22.3% over the same period in 2014.
    • Year-to-date, BlackRock's (NYSE:BLK) iShares had the most net inflows with $72.3B, followed by Vanguard at $60B, and WisdomTree (NASDAQ:WETF) at $19.4B. Schwab (NYSE:SCHW) ETFs brought in $11B.
    • In October, iShares also led the way, with Vanguard second. In third place were SPDR (NYSE:STT) ETFs, and in fourth Invesco's (NYSE:IVZ) PowerShares.
    | Nov. 9, 2015, 10:57 AM
  • Nov. 6, 2015, 10:04 AM
    • The major averages are lower following the blowout jobs number, but the financial sector (XLF +1%) is charging ahead, enthused at what appears to finally be the near-certain prospect of higher interest rates.
    • Short-term interest rate futures are pricing in about a 75% chance of a rate hike next month, and the 10-year Treasury yield is up nine basis points to 2.32%. The two-year yield has soared all the way to 0.90% - its highest level in more than five years.
    • The green in this yield-starved sector is everywhere: Bank of America (BAC +3.5%), Citigroup (C +3.4%), U.S. Bancorp (USB +2.8%), Regions Financial (RF +3.7%), PNC Financial (PNC +2.4%), Capital One (COF +1.4%), Bank of New York  Mellon (BK +1.9%), E*Trade (ETFC +3.5%), Schwab (SCHW +5.1%), Interactive Brokers (IBKR +3.4%), MetLife (MET +3.2%), Prudential (PRU +3.6%).
    • Previously: Big beat on jobs number (Nov. 6)
    • Previously: December rate hike back on after big jobs number (Nov. 6)
    • ETFs: XLF, FAS, FAZ, UYG, KRE, VFH, KBE, IYF, BTO, KIE, IAT, SEF, IYG, IAK, FXO, FNCL, KBWB, QABA, FINU, KRU, KBWR, RWW, RYF, KBWP, KBWI, FINZ, KRS, XLFS
    | Nov. 6, 2015, 10:04 AM | 43 Comments
  • Oct. 23, 2015, 12:36 AM
    • Charles Schwab (NYSE:SCHW) declares $0.06/share quarterly dividend, in line with previous.
    • Forward yield 0.81%
    • Payable Nov. 20; for shareholders of record Nov. 6; ex-div Nov. 4.
    | Oct. 23, 2015, 12:36 AM | 1 Comment
  • Oct. 15, 2015, 8:58 AM
    • Q3 net income of $376M or $0.28 per share vs. $321M and $0.24 one year ago. Adjusting for one-time items brings EPS to $0.27 vs. $0.25 one year ago.
    • New retail brokerage accounts of 158K up 12% Y/Y. Total accounts of 6.8M up 1%. Core net new assets of $30.8B during quarter. Total client assets of $2.42T up 1%.
    • Asset management and administration fees of $663M vs. $649M a year ago. Net interest revenue of $635M vs. $573M. Trading revenue of $228M vs. $209M.
    • Total expense of $1.014B vs. $1.033B a year ago.
    • Money market fee waivers of $166M vs. $190M a year ago.
    • Previously: Charles Schwab EPS in-line, beats on revenue (Oct. 15)
    • SCHW flat premarket
    | Oct. 15, 2015, 8:58 AM
  • Oct. 15, 2015, 8:50 AM
    • Charles Schwab (NYSE:SCHW): Q3 EPS of $0.27 in-line.
    • Revenue of $1.6B (+3.2% Y/Y) beats by $10M.
    | Oct. 15, 2015, 8:50 AM
  • Oct. 2, 2015, 9:08 AM
    | Oct. 2, 2015, 9:08 AM | 22 Comments
  • Oct. 1, 2015, 8:33 AM
    • Added to the Schwab (NYSE:SCHW) ETF OneSource program are the IndexIQ 50 Percent Hedged FTSE Europe ETF (NYSEARCA:HFXE), the IQ 50 Percent Hedged FTSE Intl ETF (NYSEARCA:HFXI), the IQ 50 Percent Hedged FTSE Japan ETF (NYSEARCA:HFXJ), the ProShares Hedged FTSE Europe ETF (NYSEARCA:HGEU), and the ProShares Hedged FTSE Japan ETF (NYSEARCA:HGJP).
    • OneSource is now up to 214 ETFs, all of which come with $0 online commissions. In total, the ETFs have $44.2B in assets. YTD flows in the program are $8.1B, or 39% of total ETF flows at Schwab.
    | Oct. 1, 2015, 8:33 AM
  • Sep. 17, 2015, 2:37 PM
    • It'll be at least a little while longer until banks and insurers get the higher rates they are hoping will boost sluggish profits, as the Fed holds its fire this month.
    • The "dots" however are still projecting at least one rate hike before year-end.
    • The SPDR KBW Regional Banking ETF (KRE -1.4%), and the SPDR KBW Bank ETF (KBE -1.2%).
    • BofA (BAC -1.7%), Wells Fargo (WFC -1.2%), Regions (RF -2%), KeyCorp (KEY -1.8%), BB&T (BBT -1.7%), Fifth Third (FITB -2.4%), MetLife (MET -2.2%), Prudential Financial (PRU -1.9%), Schwab (SCHW -2.2%), Ameritrade (AMTD -2%), E*&Trade (ETFC -1.2%).
    • ETFs: XLF, FAS, FAZ, UYG, KRE, VFH, KBE, IYF, BTO, IAT, SEF, IYG, FXO, FNCL, KBWB, FINU, QABA, KRU, KBWR, RWW, RYF, PSCF, FINZ, KRS
    | Sep. 17, 2015, 2:37 PM | 16 Comments
  • Sep. 15, 2015, 10:43 AM
    • In its monthly activity report, Charles Schwab (SCHW +1.4%) notes net new assets for August came to $9.2B.
    • That brought total client assets to $2.46T, up 1% Y/Y but down some 4% from July, when it reported $2.54T.
    • Interest-earning assets came to a record $160.6B, up 16% Y/Y and up 2% sequentially, which "reflects our continued success in building our client base, as well as our focus on transitioning a significant portion of client sweep cash balances to Schwab Bank as capital levels allow," says CFO Joe Martinetto.
    • Client trading volumes were heavy, including a daily record on Aug. 24 of just under 860K revenue trades. Activity has moderated so far in September.
    | Sep. 15, 2015, 10:43 AM
  • Sep. 8, 2015, 7:49 AM
    • Schwab (NYSE:SCHW) has been more punished than E*Trade and TD Ameritrade over the past five weeks, falling 16.6%, roughly 500 basis points worse than the other two.
    • JPMorgan spots value and upgrades to Overweight from Neutral. The $39 price target is 34% above last Friday's close.
    | Sep. 8, 2015, 7:49 AM
Company Description
The Charles Schwab Corp. provides securities brokerage, banking, and related financial services to individuals and institutional clients. It operates through two segments: Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services to... More
Sector: Financial
Industry: Investment Brokerage - National
Country: United States