Company profile

Ticker
SCHW
Exchange
Website
CEO
Walter William Bettinger
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
943025021

SCHW stock data

(
)

Calendar

8 May 20
5 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 2.62B 2.61B 2.71B 2.68B
Net income 795M 852M 951M 937M
Diluted EPS 0.58 0.62 0.7 0.66
Net profit margin 30.38% 32.69% 35.08% 34.95%
Net change in cash 39.11B 9.09B -3.95B -8.36B
Cash on hand 68.46B 29.35B 20.25B 24.2B
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 10.72B 10.13B 8.62B 7.48B
Net income 3.7B 3.51B 2.35B 1.89B
Diluted EPS 2.67 2.45 1.61 1.31
Net profit margin 34.55% 34.61% 27.31% 25.26%
Net change in cash 1.41B 13.72B 3.39B -1.15B
Cash on hand 29.35B 27.94B 14.22B 10.83B

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
1 Jul 20 Schwab Charles R Common Stock Gift Dispose G No 0 10,408 0 75,185,798
12 Jun 20 Schwab Charles R Common Stock Gift Dispose G No 0 98,436 0 73,228,971
4 Jun 20 Jonathan M. Craig Common Stock Sell Dispose S Yes 40.0262 7,772 311.08K 0
4 Jun 20 Jonathan M. Craig Common Stock Sell Dispose S Yes 40.0013 3,163 126.52K 7,772
4 Jun 20 Jonathan M. Craig Common Stock Option exercise Aquire M No 12.88 3,163 40.74K 10,935
4 Jun 20 Jonathan M. Craig Nonqualified Stock Option Common Stock Option exercise Dispose M No 12.88 3,163 40.74K 6,326
28 May 20 Schwab Charles R Common Stock Gift Dispose G No 0 97,906 0 73,327,407
14 May 20 Herringer Frank C Common Stock Grant Aquire A No 0 3,396 0 7,167
14 May 20 Herringer Frank C Nonqualified Stock Option Common Stock Grant Aquire A No 33.4 6,655 222.28K 6,655
85.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1048 1145 -8.5%
Opened positions 111 198 -43.9%
Closed positions 208 98 +112.2%
Increased positions 391 371 +5.4%
Reduced positions 422 446 -5.4%
13F shares
Current Prev Q Change
Total value 256.45B 326.51B -21.5%
Total shares 1.1B 1.05B +4.0%
Total puts 4.71M 5.82M -19.0%
Total calls 4.42M 5.24M -15.7%
Total put/call ratio 1.1 1.1 -3.9%
Largest owners
Shares Value Change
Dodge & Cox 101.15M $3.4B +4.9%
BLK BlackRock 91.68M $3.08B +5.7%
Vanguard 91.11M $3.06B +2.3%
STT State Street 46.83M $1.57B -6.0%
N Price T Rowe Associates 39.35M $1.32B -11.2%
Wellington Management 34.31M $1.15B +227.0%
Generation Investment Management 32.39M $1.09B +8.9%
JPM JPMorgan Chase & Co. 30.35M $1.02B +23.8%
Primecap Management 29.08M $977.67M -3.0%
GS The Goldman Sachs Group, Inc. 20.55M $691M +137.0%
Largest transactions
Shares Bought/sold Change
Wellington Management 34.31M +23.82M +227.0%
GS The Goldman Sachs Group, Inc. 20.55M +11.88M +137.0%
Norges Bank 0 -10.94M EXIT
JPM JPMorgan Chase & Co. 30.35M +5.83M +23.8%
FMR 9.53M -5.1M -34.9%
N Price T Rowe Associates 39.35M -4.95M -11.2%
BLK BlackRock 91.68M +4.9M +5.7%
Dodge & Cox 101.15M +4.77M +4.9%
Clearbridge Advisors 11.35M -4.66M -29.1%
Parnassus Investments 15.25M +3.49M +29.6%

Financial report summary

?
Management Discussion
  • (1) In the first quarter of 2020, order flow revenue was reclassified from other revenue to trading revenue. Prior period amounts have been reclassified to reflect this change.
  • Revenue on interest-earning assets is affected by various factors, such as the composition of assets, prevailing interest rates and spreads at the time of origination or purchase, changes in interest rates on floating rate securities and loans, and changes in prepayment levels for mortgage-backed and other asset-backed securities and loans.
  • Interest rates across maturities declined during the first three months of 2020 relative to the end of 2019. During the first quarter of 2020, the Federal Reserve cut the federal funds target overnight rate twice, for a total of 150 basis points to near zero; on the longer-end of the curve, the 10-year Treasury rate declined by over 120 basis points. The changes in the economic environment in the first quarter of 2020 resulting from the COVID-19 pandemic drove significantly higher levels of client cash sweep balances. Given the rapid accumulation of these balances, the Company initially placed a substantial amount in excess reserves at the Federal Reserve, which totaled $58.7 billion at March 31, 2020, up from $18.8 billion at the end of 2019. Similarly, from December 31, 2019 to March 31, 2020, payables to brokerage clients increased $10.0 billion while margin loan balances decreased $2.3 billion, contributing to growth in cash and investments segregated. Consistent with our existing asset-liability-management approach, we expect to invest the majority of the amounts currently held in excess reserves into higher yielding investments over the next several quarters.
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