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.
The Charles Schwab Corporation (NYSE: SCHW) regularly issues news and press releases covering its financial services operations, trading platforms, client activity, and research insights. On this page, readers can find updates tied to Schwab’s brokerage, banking, asset management, custody, and financial advisory businesses, as well as information about its role in retail trading and workplace retirement services.
Company news often highlights trends in client engagement, such as monthly activity reports detailing total client assets, net new assets, new brokerage accounts, daily average trades, margin loan balances, and client cash levels. Schwab also reports on enhancements to its trading experience across Schwab.com, Schwab Mobile, and the thinkorswim® platform suite, including new analytical tools, order features, and support for options and futures trading through its futures and forex subsidiary.
Schwab’s releases feature investor education initiatives and media efforts, including expanded live and virtual education events, Schwab Coaching sessions, and programming from its Schwab Network media affiliate. The company also publishes the Schwab Trading Activity Index™ (STAX), a proprietary measure of sampled retail client positioning and trading behavior, and shares outlooks from the Schwab Center for Financial Research on equities, fixed income, and wealth management topics.
Investors and observers can use this news feed to follow developments such as strategic transactions disclosed in Form 8-K filings, periodic business updates for institutional investors, and announcements related to corporate financing activities. Bookmarking this page provides a centralized view of Schwab’s latest public communications about its markets perspective, platform evolution, and client activity.
Charles Schwab has announced a patent-pending algorithm aimed at enhancing client experience and making investing more accessible. Developed by the Digital Services organization, the algorithm analyzes billions of client data points to detect intent and adapt to user behavior changes. This innovation will streamline communication, allowing clients to connect directly with the right representatives based on their recent activities. Additionally, Schwab has been recognized with the 2020 Award for Excellence in Analytics from the International Institute for Analytics for its impactful cross-channel analytics initiative.
According to the Charles Schwab 2020 Modern Retirement Survey, 88% of Boomer veterans are confident about their retirement lifestyle despite the pandemic. Conducted among 400 respondents aged 55 to 75 with over $100,000 in investable assets, 87% expect a better quality of life than their parents. However, they foresee needing an average of $130,000 annually to maintain their desired lifestyle. The survey highlights that while many have maintained their investment strategies, 54% worry about market volatility affecting their plans.
Summary not available.
SAN FRANCISCO--Independent advisory firms are leveraging strategies for growth in a post-pandemic environment, according to Schwab Advisor Services' Independent Advisor Outlook Study. Key insights include:
- 56% of advisors predict a decreased need for office space.
- 49% expect more remote work.
- 47% believe client video conferencing will persist.
Schwab's consulting initiatives, such as the COVID-19 Resource Hub and Talent Resource Center, are designed to address the evolving needs of independent advisors.
Schwab's Independent Advisor Outlook Study reveals that while independent advisors face challenges due to COVID-19, 91% remain optimistic about industry growth. The study, which surveyed over 1,300 advisors, indicates that 82% expect growth this year, though 42% anticipate lower growth in net new assets, now expected to be 11%. Key challenges include uncertainty in planning (36%) and clients using technology (35%). Despite these challenges, 57% of advisors see opportunities in client service, and 47% expect a permanent shift to video-enabled meetings.
The Charles Schwab Corporation declared a quarterly cash dividend of $0.18 per common share, payable on November 27, 2020 to shareholders of record by November 13, 2020. Additionally, dividends for its Fixed Rate Non-Cumulative Perpetual Preferred Stocks were also announced: Series C at $15.00 per share, Series D at $14.88, and Series G at $1,343.75 per share, all payable on December 1, 2020. Series F will pay a semi-annual dividend of $2,500.00 per share on December 1, 2020. The corporation manages approximately $6 trillion in client assets.
Charles Schwab Investment Management, Inc. has launched a series of Schwab Model Portfolios for advisors on the Riskalyze platform. The 14 portfolios provide risk-based allocations, utilizing low-cost market-cap-weighted ETFs and strategic beta ETFs. They achieved Riskalyze GPA scores between 3.5 and 4.1, indicating high return efficiency. Advisors can implement the portfolios as is or customize them while maintaining oversight on expenses, which range from 0.04% to 0.12%. This initiative aims to enhance distribution to over 7,000 RIAs and institutions using Riskalyze.
The Charles Schwab Corporation reported a net income of $698 million for Q3 2020, up from $671 million in Q2 but down from $951 million in Q3 2019. Year-to-date, net income reached $2.2 billion, compared to $2.9 billion last year. The firm acknowledged $67 million in acquisition-related costs for Q3. Net revenues fell 10% year-over-year to $2.4 billion. Despite this, client engagement surged, with 51.2 billion in net new assets. Total client assets rose 17% to $4.40 trillion.
Summary not available.
The Charles Schwab Corporation has completed its acquisition of TD Ameritrade, bringing together two significant financial services firms. This merger enhances Schwab's scale, with combined assets of approximately $6 trillion and 28 million brokerage accounts. The integration, expected to unfold over 18 to 36 months, aims to leverage the strengths of both companies for improved client services and lower costs. Schwab plans to retain TD Ameritrade's popular trading platforms and will transition TD Ameritrade accounts to Schwab's brokerage in the future.