Articles from The Charles Schwab Corporation

The Board of Directors of The Charles Schwab Corporation at its meeting today declared a 2 cent, or 8%, increase in the regular quarterly cash dividend to $0.27 per common share. The dividend is payable February 28, 2025 to stockholders of record as of the close of business on February 14, 2025.

Charles Schwab has been named the #1 Overall Broker in StockBrokers.com’s 2025 Annual Awards. Now in its 15th consecutive year, these awards are based on unbiased research across over 200 variables and seven key categories including Range of Investments, Platforms & Tools, Research, Mobile Trading Apps, Education, Ease of Use, and Overall Broker, to make it easier for investors of all experience levels to choose an online broker.

The Charles Schwab Corporation reported net income for the fourth quarter totaling $1.8 billion, or $.94 earnings per share. Excluding $177 million of pre-tax transaction-related and restructuring costs, adjusted (1) net income and earnings per share equaled $2.0 billion and $1.01, respectively.

Schwab Asset Management®, the asset management arm of The Charles Schwab Corporation, today announced the launch of the Schwab Core Bond ETF (NYSE Arca: SCCR). It’s the business’s second actively managed fixed income ETF after the launch in August 2024 of the Schwab Ultra-Short Income ETF (NYSE Arca: SCUS). The first day of trading of SCCR is expected to be on or about February 5.

The Schwab Trading Activity Index™ (STAX) increased to 51.16 in December, up from its score of 49.22 in November. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab’s millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month.

Schwab Asset Management®, the asset management arm of The Charles Schwab Corporation, today announced there will be no capital gains distributions for the 2024 tax year by any of the 32 exchange-traded funds (ETFs) in the Schwab ETF family.

The Charles Schwab Corporation announced today that it has scheduled a Winter Business Update for institutional investors on Tuesday, January 21st. This Update, which will be held via live public webcast, is part of an ongoing series designed to help the investment community keep abreast of recent developments and management’s strategic focus. The program is scheduled to run from 7:30 a.m. - 8:30 a.m. CT, 8:30 a.m. - 9:30 a.m. ET. Participants will include Chief Executive Officer Rick Wurster and Chief Financial Officer Mike Verdeschi.

The Schwab Center for Financial Research (SCFR), which provides top-quality research, timely market insights and practical guidance for investors, today released its annual market outlook, Schwab Market Perspective: 2025 Outlook, which highlights the most important economic and market trends that investors should consider for the year ahead.

The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of November 2024 include:

The Schwab Trading Activity Index™ (STAX) increased to 49.22 in November, up from its score of 48.37 in October. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab’s millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month.

A generational shift is emerging among wealthy Americans planning to pass their wealth, according to Schwab’s new survey of more than 1,000 high net worth1 (HNW) Americans, as younger wealthy Americans break from tradition by opting to transfer their wealth during their lives, rather than waiting until after death. They’re also planning a more prescriptive approach to how their wealth is used.

Today, Schwab Advisor Services™ in partnership with Charles Schwab Foundation announced the expansion of its Registered Investment Advisor Talent Advantage (RIATA) Student Scholarship program. In celebration of its fifth anniversary in 2025, the scholarship program will now award $15,000 to 15 students toward their academic enrollment, increasing the number of students to 15 and amount received by $5,000.

Schwab Asset Management®, the asset management arm of The Charles Schwab Corporation, announced the Schwab Mortgage-Backed Securities ETF (NYSE Arca: SMBS) began trading today.

The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of October 2024 include:

To commemorate its annual “Season of Giving,” Charles Schwab employees packed and donated nearly one million meals to families in need across the United States.

Schwab Asset Management®, the asset management arm of The Charles Schwab Corporation, today announced the launch of the Schwab Mortgage-Backed Securities ETF (NYSE Arca: SMBS). The first day of trading is expected to be on or about November 19.

The Schwab Trading Activity Index™ (STAX) increased to 48.37 in October, up from its score of 47.10 in September. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab’s millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month.

Charles Schwab, a leader in investing and trading with $9.92 trillion in total client assets that facilitates approximately six million daily average trades, today announced it will begin piloting additional access to the overnight trading session by expanding to include stocks in the S&P 500, Nasdaq-100 and hundreds of additional exchange-traded funds (ETFs) available for trading 24 hours a day, five days a week (24/5).

The Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.25 per common share. The dividend is payable November 22, 2024 to stockholders of record as of the close of business on November 8, 2024.

Workers’ financial health has improved slightly this year, and 401(k) participants are increasingly crediting their employers for helping to manage financial stress, according to Charles Schwab’s 2024 401(k) Participant Study. The research finds 64% of workers say their employers have taken action to help them manage financial stress, compared to 52% who said the same last year.

The Charles Schwab Corporation reported net income for the third quarter totaling $1.4 billion, or $.71 diluted earnings per common share. Excluding $153 million of pre-tax transaction-related costs, adjusted (1) net income and diluted common earnings per share equaled $1.5 billion and $.77, respectively.

In a market environment marked by uncertainty, ETF investors are not overly reactive or skittish when it comes to their investments. On the contrary, they demonstrate remarkable calm and steadiness, according to the 2024 edition of “ETFs and Beyond,” an annual study by Schwab Asset Management released this year in conjunction with the 15th anniversary of Schwab ETFs.

The Schwab Trading Activity Index™ (STAX) decreased to 47.10 in September, down from its score of 53.16 in August. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab’s millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month.

The Charles Schwab Corporation today announced, as part of its multi-year succession plan, that Walt Bettinger has notified the Board of Directors of his intention to retire as Chief Executive Officer effective December 31, 2024. Rick Wurster, President of Schwab since 2021, will be named President and CEO and will join the Schwab Board of Directors, effective January 1, 2025. Bettinger will continue to serve as Executive Co-Chairman of the Board of Directors, along with founder Charles R. Schwab.

Schwab Asset Management®, the asset management arm of The Charles Schwab Corporation, today announced forward share splits on 20 Schwab ETFs. Forward ETF share splits increase the number of shares outstanding and decrease the Net Asset Value (NAV) per share. The share splits will not change the total value of a shareholder’s investment.

Schwab Retirement Plan Services, Inc. has earned the highest ranking in overall satisfaction in the J.D. Power 2024 U.S. Retirement Plan Digital Experience Study and also ranked highest in the 2022 (tie) and 2021 studies. In addition, Charles Schwab ranked highest in the large plan segment in the J.D. Power 2020 (tie) and 2019 U.S. Retirement Plan Participant Satisfaction Studies and the 2018 U.S. Group Retirement Satisfaction Study.

The Charles Schwab Corporation announced today that it has scheduled a Fall Business Update for institutional investors on Tuesday, October 15th. This Update, which will be held via live public webcast, is part of an ongoing series designed to help the investment community keep abreast of recent developments and management’s strategic focus. The program is scheduled to run from 7:30 a.m. - 8:30 a.m. CT, 8:30 a.m. - 9:30 a.m. ET. Participants will include Co-Chairman and Chief Executive Officer Walt Bettinger, President Rick Wurster, Chief Financial Officer Mike Verdeschi, and Managing Director Peter Crawford.

Schwab Advisor Services™ will host its annual flagship event, IMPACT®, in San Francisco this Fall. In its 34th year, the event features keynote presentations, education sessions, and headline speakers. Attendees will include thousands of independent advisors who come together to learn, build and strengthen relationships, and discover the latest in advisor technology and solutions at the largest and longest-running assembly of registered investment advisors (RIAs) in the nation.

The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of August 2024 include:

The Schwab Trading Activity Index™ (STAX) decreased to 53.16 in August, down from its score of 54.81 in July. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab’s millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month.

Traders are feeling better about the markets than they have any time in the past two years with 56% reporting a bullish outlook for the next three months, up ten points from the second quarter. This is according to the latest Charles Schwab Trader Sentiment Survey, a quarterly survey that explores the outlooks, expectations, and perspectives of traders at Charles Schwab.

Charles Schwab today released additional findings from its 2024 Modern Wealth Survey. Since 2017, Schwab has collected data annually on Americans’ perspectives on saving, spending, investing, and wealth. This year’s study reveals that Americans now think it takes an average of $2.5 million to be considered wealthy – which is up slightly from 2023 and 2022 ($2.2 million).

The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of July 2024 include:

Today, Schwab Advisor Services in partnership with Charles Schwab Foundation announced the 13 recipients of its 2024 Registered Investment Advisor (RIA) Talent Advantage Student Scholarship (RIATA). In its fourth year, the initiative aims to increase access to the advisory profession by reducing financial obstacles and maximizing learning for future leaders.

Today, the Schwab Ultra-Short Income ETF (NYSE Arca: SCUS) begins trading. The ETF is the first actively managed fixed income ETF from Schwab Asset Management®, the asset management arm of The Charles Schwab Corporation. With an expense ratio of 0.14%, the Schwab Ultra-Short Income ETF is priced below the industry average of 0.25%1.

The Schwab Trading Activity Index™ (STAX) increased slightly to 54.81 in July, up from its score of 54.71 in June. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab’s millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month.

Schwab Asset Management®, the asset management arm of The Charles Schwab Corporation, today announced the launch of the Schwab Ultra-Short Income ETF (NYSE Arca: SCUS), its first actively managed fixed income ETF. The first day of trading is expected to be on or about August 13.

The Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.25 per common share. The dividend is payable August 23, 2024 to stockholders of record as of the close of business on August 9, 2024.

Workers are feeling more confident about their ability to reach their financial goals for retirement as anxiety around inflation and market volatility has come down since last year, according to a new survey from Charles Schwab. The annual nationwide survey of 401(k) plan participants finds that 43% of workers think they are very likely to achieve their retirement savings goals compared to 37% in 2023.

The Charles Schwab Corporation reported net income for the second quarter totaling $1.3 billion, or $.66 diluted earnings per common share. Excluding $175 million of pre-tax transaction-related and restructuring costs, adjusted (1) net income and diluted common earnings per share equaled $1.5 billion and $.73, respectively.

The Schwab Trading Activity Index™ (STAX) increased to 54.71 in June, up from its score of 49.05 in May. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab’s millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month.

The Charles Schwab Corporation (CSC or Schwab) announced today that it has received the results of the Federal Reserve’s 2024 Comprehensive Capital Analysis and Review (CCAR). These results included the Federal Reserve’s estimate of Schwab’s minimum capital ratios under the supervisory severely adverse scenario for the nine-quarter horizon beginning December 31, 2023 and ending March 31, 2026. Based on these results, Schwab’s calculated stress capital buffer (SCB) remains well below the 2.5% minimum, resulting in a SCB at that floor.

The Charles Schwab Corporation announced today that it has scheduled a Summer Business Update for institutional investors on Tuesday, July 16th. This Update, which will be held via live public webcast, is part of an ongoing series designed to help the investment community keep abreast of recent developments and management’s strategic focus. The program is scheduled to run from 7:30 a.m. - 8:30 a.m. CT, 8:30 a.m. - 9:30 a.m. ET. Participants will include Walt Bettinger, Co-Chairman and Chief Executive Officer, Rick Wurster, President, and Peter Crawford, Chief Financial Officer.

The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of May 2024 include:

More than 60% of Americans feel they are in a better position to achieve their financial goals than the generations that came before them, according to Schwab’s eighth annual Modern Wealth Survey, an examination of how Americans think about saving, spending, investing and wealth. This optimism is most pronounced among Boomers, with 66% believing they are more or as likely as older generations to reach their goals. However, every generation surveyed showed a similar level of confidence when asked to compare themselves to previous generations—Gen X (63%), Millennials (62%) and Gen Z (60%).

The Schwab Trading Activity Index™ (STAX) increased to 49.05 in May, up slightly from its score of 48.87 in April. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab’s millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month.

Charles Schwab was recognized among the 50 most community-minded companies in the country by Points of Light, the world’s largest nonprofit dedicated to accelerating people-powered change.

For the sixth year in a row, Charles Schwab Bank has received the highest ranking in customer satisfaction among checking providers in the J.D. Power 2024 U.S. Direct Banking Satisfaction Study. The bank also achieved the highest scores across the most dimensions driving overall customer satisfaction from level of trust to reducing banking fees.

Charles Schwab is honored to congratulate Davis Riley on his victory at the 2024 Charles Schwab Challenge. With his first individual PGA Tour win, Davis Riley captured the iconic Leonard Trophy and will have his name etched in granite on the Wall of Champions at Colonial Country Club. He was also presented with a one-of-a-kind Champion’s Prize ― a custom 1975 Schwab Stingray.

Sentiment among traders dipped in the second quarter of 2024 but remained higher than 2022 and 2023 levels according to the latest Charles Schwab Trader Sentiment Survey, a quarterly study that explores the outlooks, expectations, and perspectives of traders at Charles Schwab. Of those polled, 46% reported a bullish outlook on the U.S. stock market, down from 53% in the first quarter. Bearish sentiment varied by age, but compared to last quarter, increased significantly among young and mid-life investors, jumping more than 15% for each group.

The Charles Schwab Corporation today announced several executive transitions as part of the firm’s long-term succession planning strategy.

The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of April 2024 include:

The Schwab Trading Activity Index™ (STAX) decreased to 48.87 in April, down from its score of 51.65 in March. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab’s millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month.

Today, almost five decades since "May Day," a pivotal moment in the history of Wall Street and Schwab when brokerage firms were first allowed to set their own commission rates, Schwab unveiled this year’s one-of-a-kind Champion’s Prize, a fully restored and modernized 1975 Schwab Stingray. The company also announced several new and returning programming elements for the upcoming 2024 Charles Schwab Challenge PGA TOUR event, which is set for Memorial Day Weekend, May 23-26, in Fort Worth, Texas.

The Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.25 per common share. The dividend is payable May 24, 2024 to stockholders of record as of the close of business on May 10, 2024.

Building on its decades-long commitment to community service, 8,000 Charles Schwab employees will roll up their sleeves to take part in Schwab Volunteer Week. Schwab dedicated two full weeks to employee volunteerism April 22-May 3, offering nearly 700 projects that will benefit more than 350 nonprofits across the United States. The annual tradition helps create meaningful connections and a sense of unity between Schwabbies and the communities where they live and work.

The Charles Schwab Corporation reported first quarter 2024 net revenues of $4.7 billion, reflecting a quarter-over-quarter increase of 6%. Net income for the quarter totaled $1.4 billion, or $.68 diluted earnings per common share. Excluding $140 million of pre-tax transaction-related and restructuring costs, adjusted (1) net income and diluted common earnings per share equaled $1.5 billion and $.74, respectively.

Charles Schwab, a leader in retail investing and trading, today announced the launch of futures and forex trading, as well as portfolio margin, on its thinkorswim platform suite, part of Schwab’s overall trading offer, Schwab Trading Powered by Ameritrade. The introduction of these sophisticated capabilities is the first time Schwab has enabled forex trading, and in addition to reinforcing Schwab’s leadership in derivatives trading, marks an important step in integrating the full range of trading capabilities previously available through thinkorswim at Ameritrade.

The Schwab Trading Activity Index™ (STAX) increased to 51.65 in March, up from its score of 47.65 in February. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab’s millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month.

Charles Schwab has been recognized as the Best Investing Platform Overall by U.S. News & World Report in their 2024 U.S. News Money Awards – the second year in a row Schwab has received the best ranking overall from U.S. News. Schwab was also awarded Best Investing Platform for Stock Trading, Best Investing Platform for Options Trading, and Best Investing Platform for Forex Trading. Companies were selected for the list by the U.S. News editorial team on the basis of five categories: fees, product and account offerings, usability, research and tools, and customer support.

Ameritrade, now part of Charles Schwab, ranked #1 and Schwab ranked #2 among do-it-yourself investors nationwide in the J.D. Power 2024 U.S. Self-Directed Investor Satisfaction Study. Ameritrade’s performance in the study, the highest rank it has ever received, reflects the strength of the core Ameritrade platform combined with sustained investment Charles Schwab has made since closing the acquisition in 2020 in client service and relationships, reducing pricing, and launching a satisfaction guarantee, similar to what Schwab introduced to clients in 2017. Schwab’s ranking was driven by strong performance in areas including resolving problems and its people, including financial advisors and support staff.

The Charles Schwab Corporation announced today that it has scheduled a Spring Business Update for institutional investors on Monday, April 15th. This Update, which will be held via live public webcast, is part of an ongoing series designed to help the investment community keep abreast of recent developments and management’s strategic focus. The program is scheduled to run from 8:00 a.m. - 9:00 a.m. CT, 9:00 a.m. - 10:00 a.m. ET. Participants will include Walt Bettinger, Co-Chairman and Chief Executive Officer, Rick Wurster, President, and Peter Crawford, Chief Financial Officer.

The Charles Schwab Corporation announced today that it has scheduled its inaugural Institutional Investor Day on Wednesday, May 22nd. This event, which will be held via live public webcast, is designed to help the investment community keep abreast of recent business developments and the Company’s current strategic focus. The program is scheduled to run from 8:30 a.m. - 2:00 p.m. CT, 9:30 a.m. - 3:00 p.m. ET. Participants will include members of the company’s executive management and senior leadership team.

The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of February 2024 include:

Schwab Asset Management®, the asset management arm of The Charles Schwab Corporation, today announced index and fund name changes for the Schwab Fundamental Index* ETF and mutual fund suite, effective on or about June 21, 2024. Shareholders in the ETFs and mutual funds do not need to take any action. The changes are part of Schwab Asset Management’s continual review of its product set to refine and enhance its product line-up.

The Schwab Trading Activity Index™ (STAX) increased to 47.65 in February, up from its score of 44.73 in January. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab’s millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month.

Trader sentiment has turned bullish according to the latest Charles Schwab Trader Sentiment Survey, a quarterly study that explores the outlooks, expectations, and perspectives of traders at Charles Schwab. More than half of respondents (53%) report a bullish outlook on the U.S. stock market – the highest level since the survey began in 2021 and a significant increase from the 32% who were bullish in the fourth quarter of last year. Additionally, 49% of traders believe it’s a good time to invest in equities, up from 41% last quarter.

The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of January 2024 include:

The Schwab Trading Activity Index™ (STAX) increased to 44.73 in January, up slightly from its score of 44.56 in December. The STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity to illuminate what investors were actually doing and how they were positioned in the markets each month.

Schwab today announced the launch of thinkorswim Guest Pass, a program that provides 30-day trial access to the thinkorswim trading platform suite without the need for a Schwab account. The firm also announced a new set of enhancements to the trading features and functionality on Schwab.com and Schwab Mobile.

The Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.25 per common share. The dividend is payable February 23, 2024 to stockholders of record as of the close of business on February 9, 2024.

The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2023 was $1.0 billion compared with $2.0 billion for the fourth quarter of 2022. Net income for the twelve months ended December 31, 2023 was $5.1 billion, compared with $7.2 billion for the year-earlier period.

Schwab today introduced the Schwab Trading Activity Index (STAX), offering timely insights into retail trading behavior from one of the industry’s largest retail investor client bases. Building on the success of the TD Ameritrade Investor Movement Index® (IMXSM), launched in 2013, the STAX is a new proprietary, behavior-based index that analyzes retail investor stock positions and trading activity to illuminate what investors were actually doing and how they were positioned in the markets each month.

Schwab Asset Management®, the asset management arm of The Charles Schwab Corporation, today announced there will be no capital gains distributions for the 2023 tax year by any of the 30 exchange-traded funds (ETFs) in the Schwab ETF family.

To mark its annual “Season of Giving” program, Charles Schwab is focused on providing hunger relief to communities nationwide by packaging 500,000+ meals, donating thousands of pounds of food, and providing financial support to food banks and other nonprofits through Charles Schwab Foundation.