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Charles Schwab Corp. - SCHW STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Charles Schwab's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Charles Schwab's position in the market.

Rhea-AI Summary
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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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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Rhea-AI Summary
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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1.71%
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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 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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1.34%
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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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1.34%
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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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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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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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3.13%
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The Charles Schwab Corporation reported strong performance in February 2024 with core net new assets of $33.4 billion, total client assets reaching $8.88 trillion, and anticipated revenue growth of 5-6% for the first quarter of 2024, driven by rising equity markets and increased client trading activity.
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Charles Schwab Corp.

NYSE:SCHW

SCHW Rankings

SCHW Stock Data

127.94B
1.49B
6.27%
85.81%
0.82%
Investment Banking and Securities Dealing
Finance and Insurance
Link
United States
Westlake

About SCHW

The Charles Schwab Corporation is an American multinational financial services company. It offers banking, commercial banking, investing and related services including consulting, and wealth management advisory services to both retail and institutional clients.