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The Charles Schwab Corporation

5/18/2013, 5:48 AM ET

Quote & Headlines Market Currents StockTalk

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Friday, May 17, 9:09 AM Charles Schwab (SCHW) reverses course, eliminating a requirement customers waive their right to participate in class-action lawsuits against the company. Schwab added the provision in September 2011, but Finra brought a complaint arguing the requirement violated its regulations. Comment! [Financials]
Tuesday, April 23, 6:36 PM Schwab's (SCHW) platform appears to be functional after going down during the final hour of trading, and remaining down during the post-market Apple earnings release. Schwab thinks it was the victim of a DOS attack. 5 Comments [Financials]
Monday, April 15, 9:04 AM More on Schwab (SCHW) Q1 earnings: Pre-tax profit margin of 25.7% vs. 26.3% a year ago. Compensation expenses were boosted $30M in Q4 due to one-time accounting issues, but are expected to decline $50M in Q2 and show "limited growth" for remainder of year. Company expects 30% pre-tax profit margin and EPS in the "mid-$0.70s" for FY2013. (PR) Comment! [Earnings, Financials]
Monday, April 15, 8:57 AM Charles Schwab (SCHW): Q1 EPS of $0.15 misses by $0.01. Revenue of $1.29B beats by $0.02B. (PR) Comment! [Earnings, Breaking News, Financials]
Tuesday, April 2, 10:56 AM Vanguard quickly shoots down a FT article suggesting the firm is leaning towards free ETFs, telling Barron's all investment products have costs, and Vanguard has no intention of eating them. It may not matter, writes Brendan Conway. With ETF expense ratios of 4 of 5 basis points, factors like tracking error are of more import. Comment! [Financials]
Tuesday, April 2, 8:18 AM Credit Suisse takes metaphorical chips off the table, downgrading MS, SCHW, and CME to Hold after nice runs for each has them exceeding price targets established when the bank made them Buys. Morgan's top ideas in the financial sector: GS, LAZ, ICE, APO, BX, CG. 1 Comment [Financials]
Monday, March 18, 11:24 AM Schwab (SCHW) files for a lineup of "fundamental indexing" ETFs, with 5 of the offerings copycats of already-available mutual funds. Jokingly called by its creator Rob Arnott "active management in drag," fundamental indexing looks at earnings, cash flow, dividends, and book value, and tends to favor smaller-cap stocks. The most popular current RAFI ETF is PowerShares' (PRF) which has outperformed the SPY. Comment! [Financials]
Thursday, March 14, 8:59 AM Charles Schwab (SCHW) monthly activity: Daily average trades of 506.1K, up 1% Y/Y. Net new assets of $18.3B brings total assets to $2.04T, up 13% Y/Y. "Trade volumes have yet to rebound as expected," so company says it's targeting expenses in order to hit Q1 and FY guidance. Shares -0.6% premarket. (PR) 1 Comment [Financials]
Wednesday, March 13, 9:24 AM Mutual fund giant Fidelity broadens and extends an agreement with ETF giant BlackRock (BLK) to give its 10M customers improved access to iShares products. The new deal will more than double Fidelity's commission-free ETF offerings and create new portfolio strategies for using the funds. The move follows Schwab's (SCHW) OneSource, which made 105 ETFs available commission-free. Comment! [Financials]
Monday, March 4, 7:57 AM Charles Schwab (SCHW) is upgraded to Buy with $23 price target at Bernstein. Shares +0.7% premarket. Comment! [Financials]
Tuesday, February 19, 8:02 AM "I think we're seeing fear fatigue," says money manager Darell Krasnoff. Clients of his out of stocks for some time are calling and asking to get back in. It's the same story at Fidelity and Schwab (SCHW), both seeing marked increases in trading activity. The Vix (VXX)? It declines even on days when the markets sell off. 29 Comments
Thursday, February 14, 9:15 AM Charles Schwab (SCHW) monthly activity for January: Net new assets of $12.1B includes $2.2B inflow related to a mutual fund clearing client. Total client assets of $2.01T, up 3% M/M, up 16% Y/Y. DARTs up 12% M/M, but that's to be expected going from December to January. Curiously, a Y/Y comparison is nowhere to be found. (PR) Comment! [Financials]
Thursday, February 7, 4:02 PM A look beneath the hood of Schwab's (SCHW) recently unveiled lineup of 105 commission-free ETFs shows an impressive breadth of asset class coverage, including currency, physical metals and equal-weight sector ETFs not previously available for commission-free trading. Notably absent: iShares single country funds, 10 of which are available among the 101 ETFs TD Ameritrade (AMTD) offers commission-free. Comment!
Thursday, February 7, 11:56 AM More on Schwab's (SCHW) commission-free ETFs: It's a seminal moment," says SVP Peter Crawford of the new platform - Schwab ETF OneSource. The move reminds of one from 20 years back when Schwab launched Mutual Fund OneSource - its menu of no-transaction-fee mutual funds. (previous) Update at 12:07: Down more than 1% earlier, shares now +2.3%. 1 Comment [Financials]
Thursday, February 7, 11:49 AM Schwab (SCHW) boosts its commission-free ETF lineup to 105 funds (full list), including several of State Street's SPDR ETFs, a few dozen Guggenheim offerings, and a group of PowerShares funds. As comparison, Fidelity offers commission-free trades on 30 iShares ETFs. (PR) Comment! [Financials]
Monday, February 4, 11:13 AM Schwab (SCHW -1.6%) is downgraded to Hold at UBS. "We are not convinced about broad-based re-risking into equities." The stock has had a big run higher, boosted by thoughts of retail's return to stocks, but also helped by the chance of rising rates. Schwab has been losing a relative fortune subsidizing clients in money market funds. A 3% Fed Funds rate would do wonders for profits. Comment! [Financials, On the Move]