A major shareholder didn't exactly signal confidence in the company with its latest move.Charles Schwab (SCHW -0.47%) saw a dip in its share price on Thursday due to events outside the company's control. That's because the top news item for the brokerage was that a major shareholder unloaded some of its Schwab holdings at a discount.Schwab's stock price sagged in sympathy. By the end of the trading session, the company's shares had lost 0.5% of their value. That compared favorably, but only just, with the S ...

Yelena Rodriguez Mena Note: All amounts are in Canadian Dollars unless specified otherwise. In our last coverage of The Toronto-Dominion Bank (NYSE:TD, TSX:TD:CA), aka TD Bank, we gave the financial behemoth one thumb up. The valuation was compelling and the risks felt fully discounted. Based on that chart and the sentiment, it just feels that it is not a bad time to at least get some exposure here, and TD offers a good start point. We are moving this to a "Buy" and think the Green Machine offers a rela ...

Charles Schwab (SCHW) reported its monthly activity report for July 2024. The company’s core net new assets of $29 billion surged substantially from $13.7 billion recorded in the prior-year month but was unchanged from the previous month.SCHW’s total client assets in July 2024 were $9.57 trillion, up 2% from the June 2024 level and 16% from July 2023. Client assets receiving ongoing advisory services were $4.83 trillion, rising 2% from the prior month and 16% year over year.Schwab’s average interest-earning ...

A month has gone by since the last earnings report for The Charles Schwab Corporation (SCHW) . Shares have added about 2.5% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Charles Schwab due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Schwab's Q2 Earnings & Revenu ...

Key TakeawaysCharles Schwab shares moved sharply higher Wednesday after the firm reported strong customer and asset growth in July.Monthly achievements included $29 billion in core net new assets and 327,000 new brokerage accounts.Schwab also launched its first actively managed fixed-income ETF, which began trading Tuesday. Charles Schwab (SCHW) shares surged on Wednesday after the provider of brokerage, banking, and other financial services reported healthy gains in client assets and new brokerage accounts ...

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 June 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 jurisdiction of ...

Charles Schwab (SCHW) , one of the leading brokerage firms in the United States, has seen its stock plunge more than 14% in a month.This fall is steeper than the 7.5% and 6.4% declines of the industry it belongs to and the S&P 500, respectively.One-Month Price PerformanceImage Source: Zacks Investment ResearchWhat Triggered the Sell-off in the SCHW Stock?If you see the above chart, Schwab shares started falling after the second-quarter 2024 results were announced on Jul 16 and are yet to recover.Though SCHW ...

Core Viewpoint - Charles Schwab is taking steps to shrink its bank and mitigate capital and funding-related risks due to significant deposit outflows and rising interest rates, which have negatively impacted its earnings and stock performance [1][5]. Group 1: Financial Performance and Challenges - Charles Schwab has experienced deposit outflows totaling $50 billion, or 32%, from August 2022 to April 2023, as customers shifted funds to higher-yielding assets amid rising interest rates [3]. - The company's net interest revenue fell by 6% year-over-year, and bank deposits decreased by 4% in the recent quarter, indicating ongoing challenges in the current interest rate environment [5]. - Analysts, including those from Bank of America, have lowered their price target for Schwab to $66, citing limited earnings upside and a shift in strategy that could impact future growth [5][6]. Group 2: Strategic Response - CEO Walt Bettinger announced plans to utilize third-party banks to manage excess deposits, aiming to reduce capital intensity and improve liquidity while extending FDIC insurance for clients [5]. - The strategic shift is expected to take years to fully implement and aims to reduce volatility in capital levels and reliance on supplemental borrowing during periods of rising interest rates [6]. - While the strategy is deemed necessary, it is anticipated to weigh on short-term growth and earnings as the company transitions away from its bank-centric model [6].

Charles Schwab TodaySCHWCharles Schwab$64.75 +2.67 (+4.30%) 52-Week Range$48.66▼$79.49Dividend Yield1.54%P/E Ratio27.09Price Target$75.07Add to WatchlistRetail financial services firm Charles Schwab Co. NYSE: SCHW shares fell 17% in the days following its Q2 2024 earnings report. The company still beat EPS estimates and just barely eked out a YoY revenue gain. While underwhelming, the report wasn't a complete disaster, as one might assume based on the extent of the selling. The disappointment came from some ...

Earnings have fallen due to more headwinds with its banking franchise.Shares of Charles Schwab (SCHW 0.34%) fell over 15% this week, according to data from S&P Global Market Intelligence. One of the largest brokerages posted slow growth and poor earnings as the company still deals with low-yielding assets on its balance sheet. As of 1:31 p.m. ET on Friday, July 19, Charles Schwab stock was down 17.5% this week.Here's why.Slow growth and headwinds on the balance sheetThis week, Charles Schwab reported earnin ...