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 PRESS RELEASE

Schwab Declares Common Stock Dividend and Declares Preferred Stock Div...

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 May 24, 2024 to stockholders of record as of the close of business on May 10, 2024. In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable June 3, 2024 to stockholders of record as of the close of business on May 17, 2024: Preferred Stock Series Dividend Per Share Dividend Per Depositary Share ...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Shifting Exposure From Growth to Value Note: This is an abbreviated report (no detailed Sector comments or Russell grids). We will return to our normal report structure next week. While the market remains in consolidation/pullback mode and we are not out of the woods, it is possible that further downside is limited from here on the S&P 500. Since late-February, we have discussed important gap support from 2/22/24 at 4983-5050 on the S&P 500, and that as long as the S&P 500 is above 4983 that b...

 PRESS RELEASE

Schwab Reports First Quarter Results

WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation reported first quarter 2024 net revenues of $4.7 billion, reflecting a quarter-over-quarter increase of 6%. Net income for the quarter totaled $1.4 billion, or $.68 diluted earnings per common share. Excluding $140 million of pre-tax transaction-related and restructuring costs, adjusted (1) net income and diluted common earnings per share equaled $1.5 billion and $.74, respectively. This press release features multimedia. View the full release here: Client Driven Growth   $96 Billion 1Q24 Core Net New Assets ...

 PRESS RELEASE

Schwab Announces Its Institutional Investor Day

WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation announced today that it has scheduled its inaugural Institutional Investor Day on Wednesday, May 22nd. This event, which will be held via live public webcast, is designed to help the investment community keep abreast of recent business developments and the Company’s current strategic focus. The program is scheduled to run from 8:30 a.m. - 2:00 p.m. CT, 9:30 a.m. - 3:00 p.m. ET. Participants will include members of the company’s executive management and senior leadership team. The event will be accessible at . About Charles S...

 PRESS RELEASE

Schwab Reports Monthly Activity Highlights

WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of January 2024 include: This press release features multimedia. View the full release here: Total core net new assets brought to the company by new and existing clients equaled $17.2 billion, or $21.4 billion in core net new assets excluding Ameritrade originated brokerage clients. Total client assets were $8.56 trillion as of month-end January, up 14% from January 2023 and flat versus December 2023. Transactional sweep cash ended January 2024...

 PRESS RELEASE

Schwab Declares Common Stock Dividend and Declares Preferred Stock Div...

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: Preferred Stock Series Dividend Per Share Dividend Per Deposita...

 PRESS RELEASE

Schwab Reports Fourth Quarter and Full Year Results

WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2023 was $1.0 billion compared with $2.0 billion for the fourth quarter of 2022. Net income for the twelve months ended December 31, 2023 was $5.1 billion, compared with $7.2 billion for the year-earlier period. This press release features multimedia. View the full release here:   Three Months Ended December 31,   %   Twelve Months Ended December 31,   % Financial Highlights (1)   2023   ...

 PRESS RELEASE

Schwab Reports Monthly Activity Highlights

WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of November 2023 include: This press release features multimedia. View the full release here: Core net new assets brought to the company by new and existing clients totaled $21.7 billion. Total client assets were $8.18 trillion as of month-end November, up 12% from November 2022 and up 7% compared to October 2023. Transactional sweep cash ended November 2023 at $402.9 billion, representing an increase of $5.0 billion versus the prior month – th...

 PRESS RELEASE

Schwab Announces Its Winter Business Update

WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation announced today that it has scheduled a Winter Business Update for institutional investors on Wednesday, January 17th. 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. The program is scheduled to run from 7:30 a.m. - 8:30 a.m. CT, 8:30 a.m. - 9:30 a.m. ET. Participants will include Walt Bettinger, Co-Chairman and Chief Executive Officer, Rick Wurster, President, and Peter Crawford, ...

 PRESS RELEASE

Schwab Reports Monthly Activity Highlights

WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of October 2023 include: This press release features multimedia. View the full release here: Core net new assets brought to the company excluding Ameritrade brokerage originated clients equaled $16.1 billion for the month, while total core net new assets across all clients totaled $11.3 billion in October. These flows reflect expected attrition from former Ameritrade clients as well as delayed tax disbursements by clients in certain states such as Ca...

 PRESS RELEASE

Schwab Declares Common Stock Dividend and Declares Preferred Stock Div...

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 November 24, 2023 to stockholders of record as of the close of business on November 10, 2023. In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable December 1, 2023 to stockholders of record as of the close of business on November 16, 2023: Preferred Stock Series Dividend Per Share Dividend Per Deposita...

 PRESS RELEASE

Schwab Reports Third Quarter Results

WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation announced today that its net income for the third quarter of 2023 was $1.1 billion compared with $2.0 billion for the third quarter of 2022. Net income for the nine months ended September 30, 2023 was $4.0 billion, compared with $5.2 billion for the year-earlier period. This press release features multimedia. View the full release here:   Three Months Ended September 30,   %   Nine Months Ended September 30,   % Financial Highlights (1) 2023   2022  ...

 PRESS RELEASE

Schwab Announces Its Fall Business Update

WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation announced today that it has scheduled a Fall Business Update for institutional investors on Monday, October 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. The program is scheduled to run from 8:00 a.m. - 9:00 a.m. CT, 9:00 a.m. - 10:00 a.m. ET. Participants will include Walt Bettinger, Co-Chairman and Chief Executive Officer, Rick Wurster, President, and Peter Crawford, Chie...

 PRESS RELEASE

Schwab Reports Monthly Activity Highlights

WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of August 2023 include: This press release features multimedia. View the full release here: Core net new assets brought to the company excluding Ameritrade brokerage originated clients equaled $28.1 billion for the month – bringing year-to-date Schwab originated core asset gathering up to $219.9 billion. Total core net new assets across all clients totaled $4.9 billion in August and $202.5 billion on a year-to-date basis. Total client assets were ...

 PRESS RELEASE

Schwab Reports Monthly Activity Highlights

WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of July 2023 include: This press release features multimedia. View the full release here: Core net new assets brought to the company by new and existing clients totaled $13.7 billion. Net new assets excluding mutual fund clearing totaled $11.9 billion. Total client assets were $8.24 trillion as of month-end July, up 13% from July 2022 and up 3% compared to June 2023. Average margin balances were $63.0 billion in July, down 13% from July 2022 an...

 PRESS RELEASE

Investing in the Next Generation of Talent: Schwab Announces Registere...

WESTLAKE, Texas--(BUSINESS WIRE)-- Schwab Advisor Services and Charles Schwab Foundation announced today the 12 recipients of its 2023 Registered Investment Advisor Talent Advantage (RIATA) Student Scholarship. In its third year, the scholarship aims to provide the next generation of talent with the opportunity to further enrich their learnings and curiosities about the advisory profession by increasing access to the industry. In addition to receiving a $10,000 scholarship for the 2023-2024 academic year, each student will also be matched with a mentor who will share their experiences and prov...

 PRESS RELEASE

Schwab Declares Common Stock Dividend and Declares Preferred Stock Div...

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 August 25, 2023 to stockholders of record as of the close of business on August 11, 2023. In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable September 1, 2023 to stockholders of record as of the close of business on August 17, 2023: Preferred Stock Series Dividend Per Share Dividend Per Depositary Sha...

 PRESS RELEASE

Schwab Reports Second Quarter Results

WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation announced today that its net income for the second quarter of 2023 was $1.3 billion compared with $1.8 billion for the second quarter of 2022. Net income for the six months ended June 30, 2023 was $2.9 billion, compared with $3.2 billion for the year-earlier period. This press release features multimedia. View the full release here:   Three Months Ended June 30,   %   Six Months Ended June 30,   % Financial Highlights (1) 2023   2022   Change ...

 PRESS RELEASE

Charles Schwab Discloses Results of the Federal Reserve’s 2023 Compreh...

WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation (CSC or Schwab) announced today that it has received the results of the Federal Reserve’s 2023 Comprehensive Capital Analysis and Review (CCAR). These results included the Federal Reserve’s estimate of Schwab’s minimum capital ratios under the supervisory severely adverse scenario for the nine-quarter horizon beginning December 31, 2022 and ending March 31, 2025. Based on these results, Schwab’s calculated stress capital buffer (SCB) remains well below the 2.5% minimum, resulting in a SCB at that floor. This 2.5% SCB will cont...

 PRESS RELEASE

Schwab Announces Its Summer Business Update

WESTLAKE, Texas--(BUSINESS WIRE)-- The Charles Schwab Corporation announced today that it has scheduled a Summer Business Update for institutional investors on Tuesday, July 18th. 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. The program is scheduled to run from 7:30 a.m. - 8:30 a.m. CT, 8:30 a.m. - 9:30 a.m. ET. Participants will include Walt Bettinger, Co-Chairman and Chief Executive Officer, Rick Wurster, President, and Peter Crawford, Chief...

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