Core Viewpoint - Charles Schwab's Series J Preferred Shares (SCHW.PR.J) are rated as a "Hold" despite trading at a significant discount to the redemption price, which does not alter the investment thesis [1]. Summary by Relevant Sections - **Investment Rating**: The Series J Preferred Shares are currently rated as a "Hold" [1]. - **Discount Analysis**: The shares are trading at a steep discount to their redemption price, but this is not considered a thesis-changing factor [1]. - **Coupon Details**: The Series J has a modest annual coupon of $1.11, which is distributed quarterly [1].

Mar 19, 2026 8:45 AM Eastern Daylight Time Schwab Announces Its Spring Business Update Share WESTLAKE, Texas--(BUSINESS WIRE)--The Charles Schwab Corporation announced today that it has scheduled a Spring Business Update for institutional investors on Thursday, April 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 areas. The program is scheduled to run fr ...

Key Takeaways Schwab grows via client asset expansion and advisory scaling, boosting financial strength.SCHW saw client assets CAGR of 12.2% and managed investing revenue CAGR of 11.1% over five years.Branch expansion, acquisitions, and crypto rollout plans aim to widen reach and offerings.Charles Schwab Corporation (SCHW) continues to strengthen its financials through a well-executed strategy focused on expanding client assets and scaling its advisory business. This is being driven by a combination of orga ...

Core Insights - Charles Schwab (SCHW) shares increased by 2% following positive revenue guidance for Q1 2026, with a reported rise in total client assets for February 2026 [1][8]. Financial Performance - Management anticipates a 16% year-over-year growth in total revenues for Q1 2026, driven by strong client engagement across trading, wealth, and lending solutions [2][8]. - Total client assets reached $12.22 trillion in February 2026, marking an 18.9% increase from February 2025 and a slight rise from January 2026 [3][8]. - Core net new assets (NNA) were $32.5 billion in February 2026, down 32.3% year-over-year but up 16.9% sequentially [3][8]. Client Engagement and Growth - Client assets under ongoing advisory services totaled $6.26 trillion, up 20.5% year-over-year and 1.6% from the previous month [4]. - Average interest-earning assets were $434.2 billion, reflecting a 2.3% increase from February 2025 but a 1.7% decline from January 2026 [4]. - Margin balances increased to $120.6 billion, up 39.4% year-over-year and 3.7% from January 2026 [4]. - The company opened 395,000 new brokerage accounts in February 2026, a 9.1% increase from the previous year but a 17% decrease from the prior month [4][5]. Account Growth - Active brokerage accounts totaled 38.9 million at the end of February 2026, up 5.6% year-over-year and slightly from January 2026 [5]. - Client banking accounts reached 2.3 million, an 11.1% increase from February 2025 [5]. - Workplace plan participant accounts rose to 5.8 million, reflecting a 6.7% year-over-year increase [5]. Strategic Positioning - The company is well-positioned with a diversified financial model and steady client engagement, expecting equity market returns of around 6.5% and organic asset growth of about 5% by year-end [6]. - Strategic initiatives, including acquisitions and branch expansion, are expected to support client asset growth [7]. - Efforts to repay high-cost bank funding balances are anticipated to enhance net interest income [7].

Market Overview - The U.S. stock market experienced volatility on March 13th, 2026, due to geopolitical tensions, rising energy prices, and disappointing corporate guidance [1] - Major market indexes showed signs of fatigue, with the S&P 500 down 0.6%, Nasdaq Composite down 1.0%, and Dow Jones Industrial Average down approximately 79 points or 0.2% [2] Energy Sector Impact - Brent crude oil prices surged past $100 per barrel for the first time since August 2022, driven by threats to global shipping lanes, raising concerns about inflation [3] Earnings Reports - Adobe reported fiscal Q1 earnings of $6.06 per share on revenue of $6.40 billion, but shares fell over 8.5% due to a cautious outlook on subscription revenue and CEO transition [4] - Ulta Beauty's shares dropped 8% despite beating profit and revenue expectations, as management issued a disappointing forecast for fiscal 2027, citing margin compression and slowing sales [5] Technology Sector Performance - The "Magnificent Seven" tech stocks showed mixed to negative performance, with Nvidia down 1.02%, Apple and Microsoft both down approximately 1.4%, and Alphabet under pressure due to rising geopolitical risks [6] Positive Developments - SanDisk shares rose 6% due to reports of a memory shortage boosting pricing power for NAND flash providers [7] - Boeing and 3M provided support to the Dow, rising 2.4% and 1.7% respectively, while financial and healthcare stocks like Charles Schwab and Eli Lilly also showed resilience [7] Consumer Sentiment and Economic Data - The University of Michigan's preliminary March Consumer Sentiment Index was 56.2, slightly below February's 56.6, reflecting consumer anxiety over rising gas prices and ongoing conflicts [8] - Investors are preparing for the upcoming Federal Reserve meeting, with expectations of steady rates at 3.50%-3.75% and scrutiny on Chair Jerome Powell's commentary regarding future rate paths [9]

Core Viewpoint - Charles Schwab anticipates a significant revenue boost in the first quarter, projecting a growth rate of approximately 16%, driven by strong customer engagement, surpassing its earlier full-year growth target of 9.5% to 10.5% [1][1][1] Group 1: Revenue Expectations - The company has revised its revenue guidance upward, expecting first-quarter revenue growth to accelerate to about 16% [1] - This growth is attributed to robust customer engagement and increased trading activity [1] Group 2: Monthly Activity Report Insights - The monthly activity report indicates growth in both assets and client trading activity, contributing to the positive revenue outlook [1] - The report reflects a strong start to the year for the company, as evidenced by the stock price increase following the announcement [1]

The ongoing U.S.-Israel-Iran conflict is having direct repercussions on the market. But market volatility and global uncertainty don't appear to be rattling the new generation of investors. According to Charles Schwab CEO Rick Wurster, younger investors are reshaping how markets respond to volatility. Related: Charles Schwab quietly boosts stake in MicroStrategy Gen Z investors are entering markets earlier According to Wurster, Gen Z investors, born between 1997 and 2012, are beginning their investing ...

Charles Schwab expects revenue growth of around 16% for the first quarter as retail investors remain engaged despite uncertainty about the direction of the economy and the war in the Middle East https://t.co/Oxw6qwZt1y ...

Economic Overview - The overall state of the economy is stable, with jobless claims remaining low and in line with expectations, indicating no major concerns [3] - Inflation continues to be a focus, with recent CPI data showing persistent inflationary pressures [3][4] Market Focus - Current market attention is primarily on the outlook for oil prices and geopolitical developments in the Middle East, which could impact market risks [4][5] - Higher oil prices could lead to increased inflation, potentially resulting in higher long-term bond yields [6] Bond Market Insights - Inflation expectations are elevated, particularly in the short end of the curve, as indicated by TIPS break-even rates [7] - Long-term yields are expected to remain range-bound, with a potential low around 4% for the near-term cycle [8] - Global bond markets are experiencing yield spikes, with significant movements observed in the UK, Germany, and Australia [9] Investment Strategy - Higher bond yields may provide better entry points for investors, as the initial yield is a key contributor to total returns in fixed income [11] - Despite the potential for rising yields to deter total returns, fixed income remains an attractive option for portfolio diversification [13] - Conservative investment strategies are recommended, focusing on treasuries, mortgage-backed securities, TIPS, investment-grade corporate bonds, and investment-grade munis [13]

Core Insights - Feathery has launched the first one-click Schwab account opening solution via API, allowing advisory firms to create Schwab accounts directly from their workflows without manual data entry or system switching [1] Group 1: Product Launch - The new solution addresses the time-consuming nature of account opening in wealth management, where advisors often enter the same client information multiple times [1] - By utilizing Schwab's Digital Account Onboarding APIs, Feathery enables firms to validate client data, generate onboarding envelopes, and submit account opening requests within a single workflow [1] - This integration aims to streamline the onboarding process, allowing advisors to focus more on client service rather than administrative tasks [1] Group 2: Benefits of Integration - The expanded integration allows firms to streamline mergers and acquisitions (M&A) and transitions for Schwab accounts [1] - It facilitates embedding custodian onboarding into broader client workflows, accelerating the time to account opening and funding [1] - The solution eliminates duplicate data entry, pre-validates client and account information to reduce Not-In-Good-Order (NIGO) errors, and enables direct account opening from Feathery workflows [1] Group 3: Operational Efficiency - Feathery's platform orchestrates workflows across various systems, enabling firms to collect client information once and track onboarding status throughout the process [1] - The Schwab API integration represents a significant step towards fully automated client onboarding, reducing operational friction and improving data quality [1]