Charles Schwab Corporation (The)
Capital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.Company Description
- CEO
- Richard A. Wurster
- Full Time Employees
- 33,000
- Sector
- Finance
- Industry
- Investment banks/Brokers
- Address
- 3000 Schwab Way Westlake TX United States 76262
- IPO Date
- Sep 22, 1987
- CIK
- 0000316709
- Website
- schwab.com
- Similar Companies
- Business
- The Charles Schwab Corporation (NYSE: SCHW) provides a full range of brokerage, banking, wealth management, and financial advisory services to individual retail investors, independent registered investment advisors, and institutional clients; its core offerings include commission-free online trading of listed stocks, ETFs, and options, no-load and no-transaction-fee mutual funds through the Mutual Fund OneSource service, retirement plan services encompassing IRAs and 401(k) plans, banking products such as Schwab Bank Investor Checking accounts with unlimited ATM fee rebates worldwide, investment advisory through Schwab Intelligent Portfolios and Premium, managed portfolios via Schwab Wealth Advisory, alternative investments including hedge funds, private equity, private credit, and real estate, annuities, futures, forex, international stocks, margin lending, pledged asset lines, cryptocurrency exposure, and donor-advised funds via DAFgiving360; the company also supports custodial services for advisors, equity compensation plans, and compliance solutions. Founded in 1971 by Charles R. Schwab in San Francisco, California, and headquartered in Westlake, Texas since 2021, The Charles Schwab Corporation operates over 380 branches primarily in the United States and the United Kingdom, with additional offices in Hong Kong and London, serving more than 36.5 million active brokerage accounts, 5.4 million workplace retirement plan participants, and 2.0 million banking accounts holding approximately $10.10 trillion in client assets as of December 31, 2024. In recent developments, the company completed the integration and shutdown of TD Ameritrade following its $26 billion acquisition in 2020, with Toronto-Dominion Bank divesting its remaining stake in early 2025; Rick Wurster succeeded Walt Bettinger as CEO on January 1, 2025; Schwab launched Schwab Alternative Investments Select for eligible retail clients and Schwab Private Issuer Equity Services for late-stage private companies; and in November 2025, it agreed to acquire Forge Global Holdings, a San Francisco-based private market platform, for $660 million to enhance liquidity, transparency, and access to private assets like pre-IPO shares for retail and advisory clients, with CEO Wurster signaling openness to further M&A in 2025.
Company News
Schwab Withholds 10% From an IRA Withdrawal Unless You Change One Line on the Form. For a Retiree in the 24% Bracket That’s a $7,000 Surprise in April on a $50,000 Distribution
Schwab Consistently Keeps EOCA Low
Think The AI Boom Is Dead? I Don't: 2 Picks For The Next Wave
Investors Have Borrowed a Near-Record $1.48 Trillion. This Surprising Tax Strategy Is Fueling the Binge
Charles Schwab: One Of My Best Ideas In Financials
Three in Four Crypto Owners Want to Hold It at Their Own Bank. Which Banks Already Let You?
AI Agents Trading Stocks While You Sleep? Charles Schwab's CEO Is Skeptical
Deutsche Bank Is Weeks From Holding Bitcoin and Ethereum for Clients. Could Other Big Banks Follow?
Fidelity, Schwab, and Vanguard Will Each Calculate Your RMD for You. None of Them Counts the IRA at the Other Two Firms, and the 25% Penalty on the Shortfall Is Yours
Banque Pictet & Cie SA Acquires 5,582 Shares of The Charles Schwab Corporation $SCHW
Schwab: 3 Key Takeaways for Long-Term Investors
Charles Schwab Stock Is Falling Friday: What's Going On?
Charles Schwab CEO Rick Wurster on Q3 results: A record quarter in serving clients
These Analysts Revise Their Forecasts On Charles Schwab After Q3 Results
Charles Schwab Q3: A Quality Compounder Trading At 12x Earnings
Crude Oil Moves Higher; Charles Schwab Shares Fall After Q3 Results
The Charles Schwab Corporation (SCHW) Discusses Client Growth, Strategic Positioning, and Record Financial Performance Transcript
Charles Schwab Q3 Earnings Call Highlights
Schwab Q3 Earnings Beat on Higher NIR, Stock Slides on Revenue Miss
Compared to Estimates, Charles Schwab (SCHW) Q3 Earnings: A Look at Key Metrics