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Charles Schwab (SCHW)

Charles Schwab believes in the power of investing to help individuals create a better tomorrow. The company has a history of challenging the status quo in its industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing its clients' goals with passion and integrity.

Company profile

Ticker
SCHW, SCHW-PD, SCHW-PJ, SCHW+J
Exchange
Website
CEO
Walter Bettinger
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Charles Schwab & Co., Inc. • Charles Schwab Futures and Forex LLC • Charles Schwab Investment Advisory, Inc. • Charles Schwab Investment Management, Inc. • Schwab Holdings, Inc. • Schwab Private Client Investment Advisory, Inc. • Schwab Retirement Plan Services, Inc. • TD Ameritrade Clearing, Inc. • TD Ameritrade Holding Corporation • TD Ameritrade, Inc. ...
IRS number
943025021

SCHW stock data

Calendar

8 Aug 22
25 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 83.83B 83.83B 83.83B 83.83B 83.83B 83.83B
Cash burn (monthly) 11.18B (no burn) (no burn) (no burn) 2.65B (no burn)
Cash used (since last report) 32.09B n/a n/a n/a 7.6B n/a
Cash remaining 51.73B n/a n/a n/a 76.22B n/a
Runway (months of cash) 4.6 n/a n/a n/a 28.8 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
23 Aug 22 Schwab Charles R Common Stock Gift Dispose G Yes No 0 294,048 0 69,319,882
12 Aug 22 Jonathan M. Craig Common Stock Sell Dispose S Yes Yes 75.0018 8,032 602.41K 4,019
29 Jul 22 Schwab Charles R Common Stock Sell Dispose S Yes No 69.4282 135,300 9.39M 69,613,930
28 Jul 22 Schwab Charles R Common Stock Sell Dispose S Yes No 65.3647 149,600 9.78M 69,749,230
21 Jul 22 Schwab Charles R Common Stock Gift Dispose G Yes No 0 588,096 0 69,898,830
21 Jul 22 Schwab Charles R Common Stock Sell Dispose S Yes No 62.5157 120,000 7.5M 70,486,926
20 Jul 22 Schwab Charles R Common Stock Gift Dispose G Yes No 0 476,379 0 70,606,926
20 Jul 22 Schwab Charles R Common Stock Sell Dispose S Yes No 62.7032 120,000 7.52M 71,083,305
19 Jul 22 Schwab Charles R Common Stock Gift Dispose G Yes No 0 655,077 0 71,203,305
13F holders Current Prev Q Change
Total holders 1452 1529 -5.0%
Opened positions 124 157 -21.0%
Closed positions 201 109 +84.4%
Increased positions 623 578 +7.8%
Reduced positions 492 575 -14.4%
13F shares Current Prev Q Change
Total value 83.11B 111.41B -25.4%
Total shares 1.32B 1.32B -0.4%
Total puts 7.1M 7.71M -8.0%
Total calls 7.76M 6.26M +23.8%
Total put/call ratio 0.9 1.2 -25.7%
Largest owners Shares Value Change
Vanguard 121.85M $7.7B +1.7%
BLK Blackrock 107.4M $6.79B +0.2%
Dodge & Cox 79.04M $4.99B +9.4%
Wellington Management 75.69M $4.78B -2.3%
STT State Street 64.85M $4.1B -6.6%
TROW T. Rowe Price 63.3M $4B -8.7%
Massachusetts Financial Services 33.42M $2.11B +2.6%
JPM JPMorgan Chase & Co. 30.04M $1.9B -15.6%
Geode Capital Management 25.46M $1.61B +1.9%
Alliancebernstein 19.34M $1.22B +1.2%
Largest transactions Shares Bought/sold Change
Capital Research Global Investors 7.65M -16.19M -67.9%
Putnam Investments 10.16M +8.73M +607.9%
Dodge & Cox 79.04M +6.8M +9.4%
FMR 16.89M -6.69M -28.4%
Primecap Management 11.27M -6.49M -36.5%
MS Morgan Stanley 13.51M +6.3M +87.4%
TROW T. Rowe Price 63.3M -6.01M -8.7%
Parametric Portfolio Associates 0 -5.66M EXIT
JPM JPMorgan Chase & Co. 30.04M -5.53M -15.6%
Flossbach Von Storch 9.19M +4.82M +110.3%

Financial report summary

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Competition
SS&C Technologies
Management Discussion
  • 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 increased significantly from year-end 2021 through June 30, 2022. Short-term rates were near zero until the Federal Reserve began its tightening cycle in March 2022, ultimately increasing the federal funds target overnight rate three times between March and June 2022 for a total increase of 150 basis points, while long-term interest rates increased throughout the first six months of the year. Despite significant seasonal tax-related client cash outflows in the second quarter, Schwab continued to see strength in net new client assets throughout the first six months of 2022, which, along with transfers of BDA balances to the Company’s balance sheet (see Bank Deposit Account Fees), drove growth in Schwab’s interest-earning assets. Partially offsetting this growth, sustained equity market volatility and softening investor sentiment during the second quarter and the first six months of 2022 reduced demand for margin loans, which declined 16% from year-end 2021. In addition, over recent quarters, the Company has increased its cash holdings and reduced the duration of incremental investment securities purchases to provide flexibility to support changes in client cash allocations associated with higher short-term interest rates. These steps also help keep Schwab positioned to benefit from interest rate increases.
  • (1) Amounts have been calculated based on amortized cost. Interest revenue on investment securities is presented net of related premium amortization.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: accumulated, admitting, aggressive, appointed, Bettinger, CCAR, cent, Chairman, clarify, comment, DIF, entering, floor, Founder, horizon, labor, lowest, maker, rescheduled, restoration, rulemaking, scenario, seasonal, slight, SOFR, stance, supervisory, territory, unrest, Walter, war
Removed: arising, challenging, cooperate, deployment, examination, firm, grew, historically, improvement, objective, organic, pace, pandemic, positive, Quicken, resolving, responding, size, thousand, uncertain, vote

Patents

Utility
System and Method for Handling User Requests for Web Services
22 Sep 22
A system and method detects and handles replay attacks using counters maintained for each of several different periods for various values of IP addresses and browser description attributes encountered.
Utility
System and method for receiving information among computer systems without enabling log ins if the user identifiers are compromised
6 Sep 22
A system and method allows a matching system to mediate requests for information among different computer systems without storing information that can be used to log into those computer systems.
Utility
System and method for collecting and displaying information about many computer systems
5 Jul 22
A system, method and computer program product collects and provides for display operational status data in several levels of detail about multiple client computer systems.
Utility
System and method for secure two factor authentication
3 May 22
A system and method allows an app to be used to signal a server to authenticate a user using two factor authentication.
Utility
System and method for limiting project management risk
19 Apr 22
A system and method assigns documents to a list of documents for a project team to complete based on the level of each of various risks the project is identified to have, and whether the benefits of risk containment afforded by each document outweighs the cost of completion of the document when the risk or risks addressed by the document are at the level identified for the project.