Charles Schwab (SCHW 1.44%) has had a difficult go of it in the higher interest rate environment. Since the Federal Reserve began raising rates amid inflationary pressures in March 2022, Schwab has seen significant deposit outflows, leading the company to tap the Federal Home Lending Bank (FHLB) and other resources to smooth outflows.Over recent months, the deposit outflows at Schwab have slowed, and the fourth quarter showed more of the same. With the stock up 37% from its low last May and the prospect of ...

WESTLAKE, Texas--(BUSINESS WIRE)--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. The reading for the four-week period ending January 26, 2023 ranks “moderate low” compared to historic averages. “Schwab’s clients w ...

The Charles Schwab Corporation (SCHW) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this company have returned -8.4%, compared to the Zacks S&P 500 composite's +3.1% change. During this period, the Zacks Financial - Investment Bank industry, which The Charles Schwab Corporation falls in, has lost 1.4%. The key question now is: What could be the s ...

Launch of thinkorswim Guest Pass - Schwab launched the thinkorswim Guest Pass program, offering a 30-day trial access to the thinkorswim trading platform suite without requiring a Schwab account [1] - The Guest Pass allows non-Schwab clients to explore and test drive the thinkorswim web, desktop, and mobile platforms in a simulated market environment called paperMoney® [1] - Users can utilize $100,000 of simulated buying power in taxable accounts, IRAs, or portfolio margin accounts to test strategies and experiment with asset classes like futures and forex [1] - Existing Schwab clients already have access to the thinkorswim paperMoney simulated trading environment [2] Enhancements to Schwab's Retail Platforms - Schwab introduced a new set of enhancements to the trading experiences on Schwab.com and Schwab Mobile, focusing on customization, ease of use, and streaming [3] - Customization features include the ability to choose columns on Options Chain pages, custom defaults for watchlists, and custom flow and sorting columns on Schwab Mobile [3] - Ease of use improvements include trade ticket enhancements, order status filtering, and added Buy/Sell buttons in the "First Glance" feature [4] - Research and streaming data enhancements include streaming quotes on various pages and the ability to customize limit price streaming [4][5] Integration of Schwab and TD Ameritrade - Schwab Trading Powered by Ameritrade™ was introduced towards the end of 2023, combining the strengths of both firms to create a new trading experience [2] - The company aims to deliver a differentiated trading experience by integrating the best features from Schwab and TD Ameritrade [5] Company Background - Charles Schwab has a history of challenging the status quo and innovating in ways that benefit investors, advisors, and employers [6] - The company is committed to championing clients' goals with passion and integrity [6]

WESTLAKE, Texas--(BUSINESS WIRE)--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. In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable March 1, 2024 to stockholders of record as of the close of business on February 15, 2024 ...

jetcityimage Charles Schwab (NYSE:SCHW) submitted a decent results sheet for Q4’23 on Wednesday that despite lower earnings beat expectations on the bottom line. Charles Schwab’s shares skidded 6% after the news, but recovered towards the end of the day, indicating that investors may have read the report too negatively. I believe that Charles Schwab continues to be an interesting brokerage play, especially because of the Federal Reserve’s decision to lower interest rates. Charles Schwab has suffered fro ...

Key TakeawaysCharles Schwab shares fell after reporting its earnings and revenue declined in the fourth quarter as interest revenue dropped and it paid a regulatory charge.Profit was cut nearly in half, and interest revenue slumped 30% from a year ago.A Federal Deposit Insurance Corporation charge of $172 million made up about one-third of the company's increased expenses in the period.Charles Schwab (SCHW) shares sank close to 3% in early trading Wednesday after the discount brokerage and financial service ...

The Charles Schwab Corporation (NYSE:SCHW) 2024 Winter Business Update January 17, 2024 8:30 AM ET Company Participants Jeff Edwards - Managing Director, Head of Investor Relations Walt Bettinger - Co-Chairman and Chief Executive Officer Rick Wurster - President Peter Crawford - Managing Director, Chief Financial Officer Conference Call Participants Ken Worthington - JPMorgan Steven Chubak - Wolfe Research Kyle Voigt - KBW Brennan Hawken - UBS Dan Fannon - Jefferies Alex Blostein - Goldman Sachs Devin Ryan ...

The Charles Schwab Corporation (SCHW) reported $4.46 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 18.9%. EPS of $0.68 for the same period compares to $1.07 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $4.43 billion, representing a surprise of +0.70%. The company delivered an EPS surprise of +4.62%, with the consensus EPS estimate being $0.65.While investors closely watch year-over-year changes in headline numbers -- revenue a ...

Charles Schwab’s (SCHW) fourth-quarter 2023 adjusted earnings of 68 cents per share beat the Zacks Consensus Estimate of 65 cents. The bottom line, however, declined 36% from the prior-year quarter.Shares of the company lost 1% in pre-market trading on top-line weakness.Results benefited from the solid performance of the asset management business. The absence of fee waivers and solid brokerage account numbers acted as tailwinds during the quarter. However, lower revenues due to higher funding costs and lowe ...