Charles Schwab (SCHW) raised its 2024 revenue guidance driven by upbeat equity markets following the U.S. presidential election and “increased investor engagement.” The company also posted a rise in total client assets for November.Nonetheless, SCHW shares lost 4% following the announcement of an increase in the revenue growth target for 2024 on broader market weakness.Schwab’s Favorable 2024 TrendsManagement expects total revenues to rise 3-3.5% year over year. The increase will be driven by “increased inv ...

Technical Analysis - The Charles Schwab Corporation (SCHW) has reached a key level of technical support, with its 50-day simple moving average crossing above its 200-day simple moving average, forming a "golden cross" [1] - A golden cross is a bullish technical chart pattern indicating a potential breakout, typically involving the 50-day and 200-day moving averages [1] - The golden cross event has three stages: price bottoming out, short-term moving average crossing above long-term moving average, and maintaining upward momentum [1] - Over the past four weeks, SCHW has gained 11.3% [1] Earnings Outlook - SCHW has a positive earnings outlook for the current quarter, with no earnings estimate revisions lower in the past two months and 9 revisions higher [2] - The Zacks Consensus Estimate for SCHW has increased, further solidifying the bullish case [2] Investment Potential - SCHW currently holds a 3 (Hold) on the Zacks Rank, indicating potential for a breakout [1] - The combination of positive earnings estimate revisions and hitting a key technical level suggests potential for further gains in the near future [2]

Shares of financial services name Charles Schwab Corporation (NYSE:SCHW) are 1.1% lower to trade at $80.46 at last glance, as they pull back from yesterday's highest peak since January 2023 at $81.39. There's been no shortage of speculation about what a second Trump term could mean for bank stocks. For traders looking for a quick profit, now could be the time to play SCHW.Digging deeper, Charles Schwab stock’s recent peak comes amid historically low implied volatility (IV), which has been a bullish combinat ...

Core Insights - Charles Schwab (SCHW) reported a significant increase in core net new assets for October 2024, reaching $24.6 billion, up from $11.3 billion in the same month last year, but down from $33.5 billion in September 2024 [1] Group 1: Performance Metrics - Total client assets for SCHW in October 2024 were $9.85 trillion, a slight decrease from September 2024 but an increase of 28.7% compared to October 2023 [2] - Client assets under ongoing advisory services amounted to $4.97 trillion, down 1% from the previous month and up 27.3% year over year [2] - Average interest-earning assets were $422.3 billion, a marginal increase from September 2024 but a decline of 3.7% year over year [3] - Average margin balances rose to $74.1 billion, up 1.9% from the previous month and 15.9% year over year [3] - Average bank deposit account balances totaled $83.3 billion, up 1.1% from last month but down 14.9% from October 2023 [3] Group 2: Account Growth - Schwab opened 331,000 new brokerage accounts in October 2024, representing a 3.1% increase sequentially and a 16.5% increase year over year [3] - Active brokerage accounts reached 36.1 million at the end of October 2024, showing a marginal sequential increase and a 4.3% rise from the previous year [4] - Client banking accounts totaled 1.97 million, up slightly sequentially and 8.6% from October 2023 [4] - Workplace plan participant accounts increased to 5.41 million, up marginally from the prior month and 3.7% year over year [4] Group 3: Competitive Landscape - Interactive Brokers Group, Inc. (IBKR) reported a 46% increase in total client Daily Average Revenue Trades (DARTs) for October 2024 compared to the same month last year, totaling 2,823,000 [7] - IBKR's DARTs also increased by 7.2% from the previous month [7] - LPL Financial (LPLA) is expected to release its monthly activity report soon [8]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 1-9700 THE CHARLES SCHWAB CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdictio ...

Key TakeawaysCharles Schwab plans to expand its 24-hour trading, becoming the latest brokerage to embrace round-the-clock markets.Select Schwab clients will be able to trade all S&P 500 and Nasdaq-100 stocks, as well as hundreds of exchange-traded funds, at any time Monday through Friday.The capability will gradually be extended to all clients in 2025. Charles Schwab (SCHW) on Wednesday announced that it plans to expand its 24-hour trading, becoming the latest brokerage to embrace round-the-clock markets. S ...

Charles Schwab Corp. (SCHW) intends to expand its 24-hour trading accessibility to cover all stocks in major U.S. indexes alongside numerous exchange-traded funds (ETFs). These changes are set to begin in roughly two weeks. This was stated by James Kostulias, the company's head of trading services in a statement. SCHW's Rationale Behind This Move The move aims to cater to the rising interest in extended hours trading among retail investors. "About 90% of the customers we surveyed in our newest Traders Senti ...

Core Viewpoint - Charles Schwab reported better than expected earnings for its third fiscal quarter, leading to a more than 6% increase in its share price, indicating strong financial performance and asset gathering capabilities [1]. Group 1 - The company experienced robust top line momentum during the third fiscal quarter [1]. - The strong asset gathering capabilities contributed to the positive earnings report [1].

Core Viewpoint - Charles Schwab had a solid quarter with revenue growth and favorable guidance, but stock price appreciation may be limited due to analyst activity and institutional selling trends [1][3]. Financial Performance - Revenue increased by 5%, driven by client growth and dollar flows, with core net new assets up 10% and cash flow into managed solutions reaching 60% year-to-date [4]. - Trading fees rose by 4%, while asset management fees grew by 21%, setting a new company record [4]. - Adjusted earnings increased by 27% year-over-year, with total expenses falling by 6.5%, indicating improved operational efficiency [4]. Debt Management - The company reduced its bank supplemental funding by nearly $9 billion, or over 10%, although this improvement may be temporary due to increased client sweep balances rather than enhanced company funds [5]. Dividend Information - The annual dividend is $1.00, with a yield of 1.39% and a three-year annualized dividend growth of 11.57% [6]. - The dividend payout ratio is approximately 41.49%, indicating a safe and reliable dividend, with potential for future growth [7]. Stock Performance and Market Sentiment - Charles Schwab stock is at a critical price point, testing resistance around $72.50, with potential resistance levels at $76 and $78 [8]. - Analysts have a "Hold" rating on the stock, with a notable number of lowered price targets compared to increased ones, suggesting limited upside potential [2][3].

Exhibit 99.1 CORPORATION SCHWAB REPORTS THIRD QUARTER RESULTS Total Client Assets Increased 27% Year-Over-Year to a Record $9.92 Trillion Core Net New Assets Equaled $95.3 Billion, Year-To-Date Exceeds $250 Billion Quarterly Net Revenues Grew 5% Year-Over-Year to $4.8 Billion WESTLAKE, Texas, October 15, 2024 – 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, ...