STOCK TITAN

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 Corporation declared a regular quarterly cash dividend of $0.25 per common share, payable on February 23, 2024. Dividends were also declared on various series of outstanding preferred stock, payable on March 1, 2024. The dividend amounts for each series of preferred stock were specified in the press release.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
Tags
dividends
-
Rhea-AI Summary
The Charles Schwab Corporation announced a 2023 net income of $5.1 billion, with core net new assets exceeding $40 billion and total client assets reaching a record $8.5 trillion. The company's net revenues and net income saw declines compared to the previous year, with a 19% and 29% decrease respectively. Despite this, the company added 3.8 million new brokerage accounts and welcomed 977 thousand new-to-firm retail households. CFO Peter Crawford highlighted the challenges faced by the company in navigating a market shaped by the Federal Reserve's interest rate tightening policy and the regional banking crisis. Schwab's financial performance was also impacted by restructuring costs, acquisition and integration-related costs, and amortization of acquired intangibles, amounting to a total of $1.43 billion. The company's pre-tax profit margin for the full year was 33.9%, or 41.5% on an adjusted basis.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.34%
Tags
none
-
Rhea-AI Summary
Schwab introduces the Schwab Trading Activity Index (STAX), providing insights into retail trading behavior. The STAX score for December 2023 reads 44.56, indicating a moderate low sentiment. The report highlights the market exposure and bullishness of Schwab's clients, along with insights into specific sectors and popular stock positions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.85%
Tags
none
Rhea-AI Summary
Schwab Asset Management, a subsidiary of The Charles Schwab Corporation, announced that none of the 30 exchange-traded funds (ETFs) in the Schwab ETF family will have capital gains distributions for the 2023 tax year. With more than $306 billion in ETF assets and an average asset-weighted operating expense ratio of 8 bps, Schwab Asset Management is the fifth largest provider of ETFs. The firm also introduced the Schwab High Yield Bond ETF (NYSE Arca: SCYB) to provide investors with low-cost access to the U.S. dollar denominated high yield corporate bond market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.35%
Tags
none
-
Rhea-AI Summary
Schwab Asset Management, a subsidiary of The Charles Schwab Corporation, announced that none of the 30 exchange-traded funds (ETFs) in the Schwab ETF family will have capital gains distributions for the 2023 tax year. With more than $306 billion in ETF assets and an average asset-weighted operating expense ratio of 8 bps, Schwab Asset Management is the fifth largest provider of ETFs. The firm also introduced the Schwab High Yield Bond ETF (NYSE Arca: SCYB) to provide investors with low-cost access to the U.S. dollar denominated high yield corporate bond market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
The Charles Schwab Corporation (SCHW) reported a strong month in November 2023, with core net new assets totaling $21.7 billion. Total client assets reached $8.18 trillion, marking a 12% increase from November 2022 and a 7% increase from October 2023. Transactional sweep cash saw a significant increase of $5.0 billion, the largest monthly build since March 2022. However, the company anticipates a 9.5% to 10.0% decline in full-year 2023 revenue due to lower transactional cash levels, subdued securities lending activity, and softer client trading volumes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7%
Tags
none
Rhea-AI Summary
Charles Schwab (SCHW) focuses on providing hunger relief to communities nationwide through its annual 'Season of Giving' program, packaging 500,000+ meals, donating thousands of pounds of food, and granting $750,000 to local food banks and nonprofits. More than 3,200 employees volunteered to pack nutritious meals and collect goods for local families during the holiday season. Schwab's commitment to service is evident with over 11,000 employees volunteering in 2023, supporting 20 nonprofits during the Season of Giving.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7%
Tags
none
-
Rhea-AI Summary
The Charles Schwab Corporation (SCHW) has announced a Winter Business Update for institutional investors on January 17th. The program will be held via live public webcast and will feature key executives including Co-Chairman and CEO Walt Bettinger, President Rick Wurster, and CFO Peter Crawford.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
Tags
none
-
Rhea-AI Summary
Charles Schwab (SCHW) introduces Schwab Investing Themes™, a comprehensive thematic investing solution allowing investors to research, customize, and invest in over 40 thematic areas. Each theme consists of up to 25 stocks and covers topics like Artificial Intelligence, Electric Vehicles, and Renewable Energy. The low investment minimum of $250 and no access fee make it accessible to all investors. Schwab's Q2 2023 Retail Client Sentiment Report reveals that over 60% of clients prioritize aligning their values and interests with their investment decisions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
Tags
none
Rhea-AI Summary
Charles Schwab - Traders Turn Bearish but Still More Bullish Than Last Year. The latest Charles Schwab Trader Sentiment Survey reveals that 32% of traders are bullish on the U.S. stock market, 53% are bearish, and 41% think it’s a good time to invest in stocks, mutual funds, and other equity-based investments. Traders are concerned about the political landscape in Washington, D.C., which is now their top concern, exceeding the possibility of more rate increases and the potential for recession. The survey also found that two-thirds of traders still believe a U.S. recession in 2024 is at least somewhat likely, but many more traders expect inflation to recede next year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.73%
Tags
none
Charles Schwab Corp.

NYSE:SCHW

SCHW Rankings

SCHW Stock Data

131.97B
1.49B
6.32%
85.98%
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.