Welcome to our dedicated page for Schwab (CHARLES) (The) news (Ticker: SCHW), a resource for investors and traders seeking the latest updates and insights on Schwab (CHARLES) (The) stock.
Charles Schwab Corporation (NYSE: SCHW) is a leading provider of wealth management, brokerage, and banking services to individual investors and institutions. This dedicated news hub delivers timely updates on the company’s strategic initiatives, financial performance, and market developments.
Investors and analysts rely on this resource for verified SCHW press releases, earnings reports, and curated news coverage. Track material events including dividend announcements, regulatory filings, leadership changes, and product launches—all centralized for efficient research.
The page organizes updates into key categories such as quarterly earnings disclosures, merger & acquisition activity, corporate governance updates, and service expansions. Each entry provides direct access to primary sources and contextual analysis.
Bookmark this page to monitor how Schwab’s hybrid advisory-digital model adapts to evolving markets. Check regularly for developments impacting the brokerage sector and SCHW’s competitive positioning in financial services.
Schwab Advisor Services™ is launching new digital onboarding capabilities for independent advisors next month. This streamlined process allows advisors to fund accounts via transfer or ACH within a single digital framework. The upgrade supports a broader array of account types, including living trusts and custodial accounts. It aims to enhance client experience and reduce paperwork errors from over 30% to low single digits. Schwab currently partners with over 180 third-party integrations, enhancing its service offerings in wealth management and trading.
The Charles Schwab Corporation's Monthly Activity Report for May 2021 indicates significant growth in client assets and new client activity. Core net new assets totaled $28.1 billion, with net new assets of $27.9 billion excluding mutual fund clearing. Total client assets reached $7.40 trillion, marking an 84% increase year-over-year and a 1% rise from April 2021. Additionally, average interest-earning assets were $528.6 billion, reflecting a 46% increase compared to May 2020, yet flat from the previous month.
Charles Schwab congratulates Jason Kokrak for winning the 2021 Charles Schwab Challenge with a score of 14 under par, earning him the Leonard Trophy and a unique 1946 Schwab Power Wagon truck. The event, which underscores Schwab's commitment to golf and the Dallas-Fort Worth community, is solidified by the company's four-year extension of its title sponsorship through 2026. Schwab emphasizes its pride in supporting this historic tournament that holds significant meaning in the golfing community.
The Charles Schwab Corporation announced its Monthly Activity Report for April 2021, highlighting impressive growth metrics.
Core net new assets attracted from clients reached $37.2 billion, with net new assets (excluding mutual fund clearing) totaling $35.6 billion. Total client assets surged to $7.34 trillion, reflecting a 94% year-over-year increase and a 4% rise from March 2021.
Additionally, average margin balances were reported at $72.9 billion, marking over a 200% increase year-over-year and a 2% month-over-month growth.
The Charles Schwab Corporation has declared a semi-annual dividend of $35 per share on the outstanding Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A. This dividend is payable on August 2, 2021 to stockholders of record by the close of business on July 16, 2021. With 31.9 million active brokerage accounts and approximately $7.07 trillion in client assets, Schwab is a leading financial services provider offering a wide range of investment and banking solutions.
Charles Schwab and TD Ameritrade are set to engage over 6,000 employees for the Schwab Volunteer Month from May 3-28, 2021. This year marks the first transition to an all-virtual format, allowing for broader participation amidst the pandemic. Originally launched in 2004 as a single-day event, the initiative has evolved significantly, now supporting over 130 nonprofits nationwide. The program underscores Schwab’s commitment to community service, helping enhance financial empowerment and overall well-being through various volunteer projects.
Schwab Asset Management has launched the Schwab International Dividend Equity ETF (SCHY), now trading on the NYSE Arca. This ETF features an operating expense ratio of just 0.14%, positioning it among the most cost-effective options in its class. The ETF aims to track the total return of the Dow Jones International Dividend 100 Index and is the 26th ETF under Schwab's management. This initiative provides investors greater choice in income-focused investment strategies.
The Charles Schwab Corporation has declared a regular quarterly cash dividend of $0.18 per common share, payable on May 28, 2021. Additionally, dividends for various preferred stocks were announced, including $15.00 for Series C and $14.88 for Series D, both payable on June 1, 2021. The Series F preferred stock has a semi-annual dividend of $2,500.00 per share, also payable on June 1, 2021. The total client assets managed by Schwab stand at approximately $7.07 trillion.
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