43.54 +0.01 (0.02%)
After hours: 4:11PM EDT
|Bid||43.63 x 800|
|Ask||43.64 x 4000|
|Day's Range||43.23 - 43.75|
|52 Week Range||37.83 - 53.61|
|Beta (3Y Monthly)||0.92|
|PE Ratio (TTM)||16.36|
|Earnings Date||Oct 14, 2019 - Oct 18, 2019|
|Forward Dividend & Yield||0.68 (1.58%)|
|1y Target Est||45.72|
TD Ameritrade's (AMTD) Q3 fiscal 2019 (ending Jun 30) earnings performance highlight top-line strength, higher expenses and steady trading activity.
E*TRADE's (ETFC) Q2 performance displays a rise in net interest income, a benefit to provision for loan losses and improved DARTs, partly muted by fall in fee income and higher expenses.
(Bloomberg) -- Charles Schwab Corp. is stepping up its offerings of fixed-income ETFs.The San Francisco-based broker’s asset management arm is planning to start three new products focused on corporate bonds and Treasuries, almost doubling the number of debt exchange-traded funds it offers, regulatory filings show.The decision marks a shift for Charles Schwab Investment Management, which has largely ridden its equity-fund offerings to become the fifth-largest ETF issuer in the U.S.More than 84% of the $146 billion in Schwab ETFs is invested in stocks. But with global bond ETFs surpassing $1 trillion this year, debt funds are increasingly important for further growth.The firm is keen to fill “gaps” in its fixed-income lineup, CSIM’s Jonathan de St. Paer said earlier this year before taking over as chief executive in April.The planned funds and their trading tickers are:Schwab Short-Term Corporate Bond ETF (SCHJ)Schwab Intermediate-Term Corporate Bond ETF (SCHI)Schwab Long-Term U.S. Treasury ETF (SCHQ)The firm didn’t disclose the intended management fees.To contact the reporter on this story: Rachel Evans in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Jeremy Herron at email@example.com, Brendan WalshFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Relatively high interest rates and growth in total client assets aid Schwab's (SCHW) Q2 earnings. However, increase in operating costs is a headwind.
Revenues Grow 8% Year-Over-Year to $2.7 Billion, Marking Sustained Business Momentum
Investing.com - Charles Schwab (NYSE:SCHW) reported second quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
(Bloomberg) -- Charles Schwab Corp. appears to be making a play to grab more advisory clients as fees fall for asset management and trading.The San Francisco-based brokerage firm is in talks to buy USAA’s brokerage and wealth-management operations for roughly $2 billion, the Wall Street Journal reported Monday. The deal may be reached this month, the newspaper said, citing people familiar with the matter.The potential transaction underscores the increasing race by asset managers to diversify amid competition to lower fees for trading and fund management. In March, Schwab introduced the first monthly subscription plan for clients. Vanguard Group Inc., the low-fee fund leader, is devoting more resources to offering advice and Fidelity Investments last year started offering zero-fee index funds.“We’ve seen Schwab in general moving more in the direction of providing wealth-management and financial planning advice, more than just the DIY-investor platform,” Donnie Ethier, director of wealth management at Boston-based consulting firm Cerulli Associates, said. USAA’s clientele represent current and former members of the military who “tend to have a very strong culture and client loyalty and retention.”Traditionally viewed as an adviser and broker to the masses, Schwab’s USAA deal would fuel expansion in an arena that’s seen as having better growth prospects and a higher return on equity than most other retail banking businesses.In North America, personal financial wealth grew by nearly a quarter in the three years ending in 2018 to $90.3 trillion, according to a Boston Consulting Group report. Baby boomers are becoming increasingly dependent on money managers as they retire at a pace of 10,000 a day.The advisory business is undergoing a sea-change as financial technology, such as robo-advisers and index funds, are transforming client needs and expectations, according Ethier, who has no direct knowledge of the potential transaction.Representatives for Schwab and USAA declined to comment when reached by Bloomberg.Schwab has been trying to increase the share of revenue and income from adviser services, which made up 27.7% of revenue and 30.4% of operating income for fiscal 2018, according to data compiled by Bloomberg. The majority of Schwab’s revenue last year came from net interest margin, or earnings from client cash deposits, a source that would be threatened by falling interest rates.The potential transaction got a lukewarm reception from investors and some analysts.USAA would add about 3% to Schwab’s total of $3.6 trillion in client assets, so “clearly not qualify as a transformative deal although is not insignificant,” Wells Fargo & Co. analysts led by Christopher Harris said in a note Monday.Schwab shares climbed 0.4% to $40.30 in New York trading Monday. The stock has declined 3% this year, while an S&P 500 index of asset managers and custody banks returned 11%.On July 12, Bank of America Corp. cut its Schwab rating to neutral from buy, citing a tougher revenue and margin outlook.The company reports earnings tomorrow and will hold a business update call July 19.The sale of its wealth management unit would help USAA focus more on its core insurance business, according to Cerulli’s Ethier. On July 1, it completed the sale of its asset management business to Victory Capital Holdings Inc. for $850 million.(Adds analyst comments starting in fourth paragraph.)To contact the reporters on this story: John Gittelsohn in Los Angeles at firstname.lastname@example.org;Devon Pendleton in New York at email@example.comTo contact the editors responsible for this story: Alan Mirabella at firstname.lastname@example.org, ;Pierre Paulden at email@example.com, Josh FriedmanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Traders this week will have plenty to sink their teeth into, between the start to second-quarter earnings season, hearings on Facebook’s controversial new cryptocurrency project and Amazon’s Prime Day extravaganza.
While growth in assets will likely aid Schwab's (SCHW) interest revenues in the second quarter, lower volatility might hurt trading revenues to some extent.
The Zacks Analyst Blog Highlights: Bank of America, Eli Lilly, Boston Scientific, Schwab and Advanced Micro Devices
Since introducing new subscription-based pricing at the end of March, Schwab Intelligent Portfolios Premium has added $1 billion in new assets under management, reinforcing the significance of Schwab’s move to a more modern way to deliver financial planning. Schwab Intelligent Portfolios Premium offers unlimited 1:1 guidance from a CERTIFIED FINANCIAL PLANNER™ professional who can provide personalized financial advice based on current goals and circumstances, a comprehensive and customized financial plan, access to the financial plan 24/7 via a comprehensive digital planning experience, and a diversified portfolio of low-cost exchange-traded funds (ETFs) that automatically rebalances over time. “The move to subscription-based financial planning came as a direct result of client feedback about the appeal of this pricing approach, and it’s clear from these early results that we’ve struck a chord,” said Cynthia Loh, Charles Schwab vice president of digital advice and innovation.
Schwab (SCHW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Schwab announced today that it has added 25 ETFs to Schwab ETF OneSource™, one of the first commission-free ETF programs1 in the industry. Starting today, clients can access 539 ETFs covering 83 Morningstar Categories with $0 online commissions.
The Charles Schwab Corporation announced today that it has scheduled a Summer Business Update for institutional investors on Friday, July 19th. This Update, which will be held via webcast, is part of an ongoing series designed to help the investment community keep abreast of recent developments and management’s strategic focus.
Today we'll take a closer look at The Charles Schwab Corporation (NYSE:SCHW) from a dividend investor's perspective...
Prospects of online brokers - Schwab (SCHW), TD Ameritrade (AMTD) and E*TRADE (ETFC) - look dismal due to a number of factors that are weighing on investors' sentiments.
The S&P; 500 inched down 0.7 points by 9:53 AM ET (13:53 GMT). The Dow was up 60 points and tech-heavy Nasdaq composite fell 5 points.