The Charles Schwab Corporation (SCHW) is an American brokerage and banking company, based in San Francisco, California. It was founded in 1971 by Charles R. "Chuck" Schwab, as a traditional brick and mortar brokerage firm and investment newsletter publisher. In 1973, the company changed its name from First Commander Corporation to Charles Schwab & Co., Inc. The company started offering discount brokerage on May 1, 1975, and became one of the world's largest discount brokers. Schwab operates in four main divisions: investing, wealth management, banking, and trading. The company serves 7.9 million client brokerage accounts, with $1.65 trillion in assets (as of September 2011), from over 300 offices in the U.S, one office in Puerto Rico, and one branch in London. Clients can also access services online and by telephone. In 2009, Chairman Charles R. Schwab received the inaugural Tiburon CEO Summit award for Maintaining a Focus on Consumer Needs.
Reported before open today (10/18/16) Earnings: EPS $0.35 Revenue $1.91B Estimates: EPS $0.33 Revenue $1.89B Up 1.64% today
Upcoming dividend information: Ex-Div-Date: 11/9/16 Payment Date: 11/28/16 Dividend: $0.07 Current Price: $31.06 Annual Yield: 0.90%
Over the next five years, operating income of SCHW will approximately double from the effect of higher interest rates, growth of the company’s bank, recent strong growth in client assets, and the effect of a lower corporate tax rate.
schwab bought my broker almost two years ago and i didnt even realize it until today. well, they said it would be seamless. ----------------- SCHWAB COMPLETES ACQUISITION OF TD AMERITRADE Creates company with approximately $6 trillion in client assets across 28 million brokerage accounts Enhances company's position as a leading provider of services and solutions to investors and independent advisors SAN FRANCISCO, October 6, 2020 — The Charles Schwab Corporation ("Schwab") today announced that it has completed its acquisition of TD Ameritrade Holding Corporation ("TD Ameritrade"). The combination will create a company with enhanced scale, an even better portfolio of world-class services and solutions, and a talented team united by an unwavering commitment to clients and a shared heritage of innovation.
