- Previous Close
75.38 - Open
73.61 - Bid 75.07 x 1300
- Ask 75.39 x 1100
- Day's Range
73.36 - 76.10 - 52 Week Range
48.66 - 79.49 - Volume
9,994,676 - Avg. Volume
6,514,006 - Market Cap (intraday)
137.241B - Beta (5Y Monthly) 0.99
- PE Ratio (TTM)
31.41 - EPS (TTM)
2.39 - Earnings Date Jul 16, 2024 - Jul 23, 2024
- Forward Dividend & Yield 1.00 (1.33%)
- Ex-Dividend Date May 9, 2024
- 1y Target Est
79.67
The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services. It offers brokerage accounts with equity and fixed income trading, margin lending, options trading, futures and forex trading, and cash management capabilities, including certificates of deposit; third-party mutual funds through the Mutual Fund Marketplace and Mutual Fund OneSource service, as well as mutual fund trading and clearing services to broker-dealers; exchange-traded funds; advisory solutions for managed portfolios, separately managed accounts, customized personal advice for tailored portfolios, specialized planning, and full-time portfolio management; banking products comprising checking and savings accounts, first lien residential real estate mortgage loans, home equity lines of credit, and pledged asset lines; and trust custody services, personal trust reporting services, and administrative trustee services. It also provides digital retirement calculators; integrated web-, mobile-, and software-based trading platforms, real-time market data, options trading, premium research, and multi-channel access; self-service education and support tools; online research and analysis tools; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; retirement plan services; mutual fund clearing services; and advisor services, including interactive tools and educational content. The Company operates through branch offices. The Charles Schwab Corporation was incorporated in 1971 and is headquartered in Westlake, Texas.
www.schwab.com32,600
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
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Performance Overview: SCHW
Trailing total returns as of 7/15/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
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Statistics: SCHW
View MoreValuation Measures
Market Cap
137.81B
Enterprise Value
--
Trailing P/E
31.54
Forward P/E
23.87
PEG Ratio (5yr expected)
1.41
Price/Sales (ttm)
7.47
Price/Book (mrq)
4.15
Enterprise Value/Revenue
10.96
Enterprise Value/EBITDA
--
Financial Highlights
Profitability and Income Statement
Profit Margin
26.14%
Return on Assets (ttm)
0.96%
Return on Equity (ttm)
12.26%
Revenue (ttm)
18.46B
Net Income Avi to Common (ttm)
4.37B
Diluted EPS (ttm)
2.39
Balance Sheet and Cash Flow
Total Cash (mrq)
61.65B
Total Debt/Equity (mrq)
143.94%
Levered Free Cash Flow (ttm)
--
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View MoreArgus Quick Note: Weekly Stock List for 07/08/2024: AI Spotlight on Financials
AI is being used as a tool to make Financial sector companies more profitable. The sector is using AI for financial planning, underwriting, trading, and fraud protection, among other areas, allowing professionals to reduce time working on mundane tasks and instead focus on core tasks that drive their businesses. Financial advisors are using AI to draft financial plans and portfolios for clients, identifying patterns in spending and savings habits. In trading, AI allows algorithms to analyze large sums of data and historical trends in order to recognize patterns and movements in markets. Since it uses an algorithm, AI can digest and analyze huge sums of information in order to make trades faster, smarter, and more accurate. AI also is used in underwriting. By scanning a company's historical data and identifying trends, "AI-driven underwriting systems" can automate risk assessment, such as optimal loan-to-value and debt-to-income ratios. But artificial intelligence may be the most impactful in identifying and combating credit-card fraud. Card companies use AI models that analyze data patterns and customer spending habits almost instantly. As a result, suspicious payments or transactions are flagged immediately -- and the amount of time it takes for both the company and the customer to identify suspicious activity is decreased significantly. We believe that the use of AI will continue to grow and will help Financial sector companies be more successful. Here is a list of Argus BUY-rated stocks in the Financial sector that are leaders in the use AI.
Argus Quick Note: Weekly Stock List for 06/03/2024: Financial Sector Stocks
Our rating on the Financial sector is Over-Weight. The Fed's rate-hike campaign is expanding net interest margins for banks. We also look for recovery in fee-based businesses, bond issuance, and M&A as the rate cycle winds down. Still, with inflation running hot, companies may cut back on hiring and investments, and thus on business loans. As of the end of April, the sector accounted for 13% of the S&P 500. The sector was outperforming the market with a gain of 12.0%. It underperformed the market in 2023, with a gain of 7% compared to a gain of 24% for the S&P 500. The sector includes money center banks, regional banks, investment banks and brokerages, exchanges, insurers, and financial data companies. Here are the Financial companies that either are on our Focus List or are used in our model portfolios.
Charles Schwab: Increasing Fair Value by 4%; Modest Business Changes Mentioned at Investor Day
Charles Schwab operates in brokerage, wealth management, banking, and asset management. It runs a large network of brick-and-mortar brokerage branch offices and a well-established online investing website, and it has mobile trading capabilities. It also operates a bank and a proprietary asset-management business and offers services to independent investment advisors. Schwab is among the largest firms in the investment business, with over $8 trillion of client assets at the end of December 2023. Nearly all of its revenue is from the United States.
RatingPrice TargetArgus Quick Note: Weekly Stock List for 05/06/2024: Innovative Companies
Innovation may be hard to define but, to borrow from former U.S. Supreme Court Justice Potter Stewart, you know it when you see it. The United States economy is full of innovation. It has to be. Manufacturing industries that dominated the economy decades ago - textiles, televisions, even automobiles, to a large degree - have moved overseas, where costs are lower. Yet the U.S. economy is at its largest point in history and still growing. If U.S. corporations weren't innovating, creating new products and services, and moving into new markets and applications, the domestic economy would be contracting, not expanding, and capital would not be flooding into the country. Particularly at this juncture of the market and economic cycles, when uncertainty is high due to high inflation and rising interest rates, we look to innovative companies to navigate the challenges. At Argus, a 90-year-old independent research firm that has innovated a time or two in its long history, we have focused on four types of innovative companies: Industry Disruptors; First to Market; New Product Specialists; and Product & Process Perfectors. Here are some examples of companies, featured in our Innovation Theme Model Portfolio.