SCHW Charles Schwab Corporation
The Charles Schwab Corp. is a savings and loan holding company, which engages in the provision of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. It operates through the Investor Services and Advisor Services segments. The Investor Services segment includes retail brokerage and banking services to individual investors, and retirement plan services, as well as other corporate brokerage services, to businesses and their employees. The Advisor Services segment provides custodial, trading, retirement business, and support services as well as retirement business services, to independent registered investment advisors, independent retirement advisors, and recordkeepers. The company was founded by Charles R. Schwab in 1986 and is headquartered in San Francisco, CA.
Company profile
Ticker
SCHW, SCHW-PC, SCHW-PD
Exchange
Website
CEO
Walter William Bettinger
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Goldman Sachs • Morgan Stanley • Nomura • Navient • BlackRock • Jefferies • Interactive Brokers • Raymond James Financial • TD Ameritrade Holding • XP ...
SEC CIK
Corporate docs
IRS number
943025021
SCHW stock data
()
Calendar
10 Aug 20
20 Oct 20
31 Dec 20
News
Financial summary
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| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
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Financial data from company earnings reports.
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 6 Oct 20 | Levitt Brian M | Common Stock | Grant | Aquire A | No | 0 | 21,846 | 0 | 21,846 |
| 6 Oct 20 | Ricketts Todd M | Common Stock | Grant | Aquire A | No | 0 | 295,320 | 0 | 295,320 |
| 6 Oct 20 | Ricketts Todd M | Common Stock | Grant | Aquire A | No | 0 | 7,867 | 0 | 7,867 |
| 6 Oct 20 | Ricketts Todd M | Common Stock | Grant | Aquire A | No | 0 | 203,801 | 0 | 203,801 |
Institutional ownership Q2 2020
61.2% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 1046 |
| Opened positions | 106 |
| Closed positions | 111 |
| Increased positions | 385 |
| Reduced positions | 409 |
13F shares |
Current |
|---|---|
| Total value | 254.64B |
| Total shares | 1.1B |
| Total puts | 7.06M |
| Total calls | 4.61M |
| Total put/call ratio | 1.5 |
Largest owners |
Shares | Value |
|---|---|---|
| Dodge & Cox | 95.76M | $3.23B |
| BLK BlackRock | 92.57M | $3.12B |
| Vanguard | 89.62M | $3.02B |
| STT State Street | 47.24M | $1.59B |
| Wellington Management | 46.86M | $1.58B |
| N Price T Rowe Associates | 43.13M | $1.46B |
| Primecap Management | 28.78M | $971.04M |
| JPM JPMorgan Chase & Co. | 27.84M | $939.19M |
| Generation Investment Management | 26.54M | $895.35M |
| Alliancebernstein | 19.37M | $653.71M |
Financial report summary
?Management Discussion
- (1) Beginning 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.
- Late in 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. Lower interest rates across maturities persisted throughout the second quarter, while credit spreads also compressed. Moreover, changes in the economic environment throughout the first half of 2020 resulting from the COVID-19 pandemic drove significantly higher levels of client cash sweep balances. Given the rapid accumulation of these balances in the first quarter of 2020, the Company initially placed a substantial amount in excess reserves held at the Federal Reserve. The Company deployed a significant amount of this cash build-up during the second quarter, as part of AFS securities purchases totaling $73.9 billion. These purchases were made at rates below the average yield on the existing AFS portfolio due to the current low interest rate environment. The Company held $27.5 billion, or 9% of total deposits, in excess reserves at June 30, 2020, versus our longer-term objective of 5-7%.
Content analysis
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H.S. freshman Avg
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New words:
abetting, accelerate, Accelerated, affirmative, Aided, aiding, allegation, allegedly, alleging, anniversary, antitrust, asserted, avoid, Bettino, breach, Chancery, deployed, deployment, disallowance, disputed, distraction, divert, dominate, dramatic, fiduciary, fluctuate, forma, gathered, health, healthy, hired, intangible, intellectual, Justice, Kong, lacking, lackluster, led, macroeconomic, modestly, monetary, moot, Motif, necessarily, negotiated, outweighed, pace, peaking, plaintiff, preliminary, pro, provisional, public, reconciliation, recover, renewable, responding, RIA, royalty, running, saved, sought, substitute, tangible, thematic, unnecessary, voluntarily, withdraw, withdrawn
Removed:
allocation, conversion, enter, entering, inventoried, leaving, mix, opened
Financial reports
10-Q
2020 Q2
Quarterly report
10 Aug 20
10-Q
2020 Q1
Quarterly report
8 May 20
10-K
2019 FY
Annual report
26 Feb 20
10-Q
2019 Q3
Quarterly report
7 Nov 19
10-Q
2019 Q2
Quarterly report
7 Aug 19
10-Q
2019 Q1
Quarterly report
8 May 19
10-K
2018 FY
Annual report
22 Feb 19
10-Q
2018 Q3
Quarterly report
7 Nov 18
10-Q
2018 Q2
Quarterly report
8 Aug 18
10-Q
2018 Q1
Quarterly report
9 May 18
Current reports
8-K
Core Net New Assets Total $42.7 Billion, Including a Record September of $20.0 Billion
15 Oct 20
8-K
Schwab Completes Acquisition of TD Ameritrade
6 Oct 20
8-K
Schwab Provides Update on Regulatory Actions Related to its Acquisition of TD Ameritrade
1 Oct 20
8-K
Schwab Announces the Appointment of Two New Board Members
27 Jul 20
8-K
Including $.06 Per Share of Acquisition-related Expenses
16 Jul 20
8-K
Schwab Stockholders Approve Acquisition of TD Ameritrade
5 Jun 20
8-K
Schwab Announces Closing of the DOJ Investigation into Acquisition of TD Ameritrade
4 Jun 20
8-K
Supplement to the Joint Proxy Statement/prospectus for The Special Meeting of Stockholders
27 May 20
8-K
Supplement to the Joint Proxy Statement/prospectus for The Special Meeting of Stockholders
26 May 20
8-K
Departure of Directors or Certain Officers
15 May 20
Registration and prospectus
S-8 POS
Registration of securities for employees (post-effective amendment)
6 Oct 20
425
Business combination disclosure
4 Jun 20
425
Business combination disclosure
27 May 20
425
Business combination disclosure
26 May 20
425
Business combination disclosure
15 May 20
424B3
Prospectus supplement
6 May 20
S-4/A
Registration of securities issued in business combination transactions (amended)
4 May 20
424B5
Prospectus supplement for primary offering
28 Apr 20
FWP
Free writing prospectus
27 Apr 20
424B5
Prospectus supplement for primary offering
27 Apr 20
Proxies
DEFA14A
Additional proxy soliciting materials
27 May 20
DEFA14A
Additional proxy soliciting materials
26 May 20
DEFA14A
Additional proxy soliciting materials
15 May 20
DEFM14A
Proxy related to merger
6 May 20
DEF 14A
Definitive proxy
31 Mar 20
PRE 14A
Preliminary proxy
16 Mar 20
DEF 14A
Definitive proxy
29 Mar 19
DEF 14A
Definitive proxy
30 Mar 18
PRE 14A
Preliminary proxy
19 Mar 18
PX14A6G
Letter to shareholders
31 Mar 17
Other
EFFECT
Notice of effectiveness
7 May 20
CORRESP
Correspondence with SEC
5 May 20
CORRESP
Correspondence with SEC
17 Apr 20
UPLOAD
Letter from SEC
7 Apr 20
CERTNYS
Certification of approval for NYSE listing
8 Mar 16
CERTNYS
Certification of approval for NYSE listing
3 Aug 15
UPLOAD
Letter from SEC
11 Jun 15
CORRESP
Correspondence with SEC
19 May 15
UPLOAD
Letter from SEC
6 May 15
NO ACT
No action letter
25 Feb 15
Ownership
SC 13D
SCHWAB CHARLES / TORONTO DOMINION BANK ownership change
16 Oct 20
3
SCHWAB CHARLES / Bharat Masrani ownership change
15 Oct 20
4
SCHWAB CHARLES / Todd M Ricketts ownership change
8 Oct 20
3
SCHWAB CHARLES / Todd M Ricketts ownership change
8 Oct 20
4
SCHWAB CHARLES / Brian M Levitt ownership change
8 Oct 20
3
SCHWAB CHARLES / Brian M Levitt ownership change
8 Oct 20
4
SCHWAB CHARLES / Charles A. Ruffel ownership change
5 Oct 20
4
SCHWAB CHARLES / Stephen A Ellis ownership change
5 Oct 20
4
SCHWAB CHARLES / FRANK C HERRINGER ownership change
5 Oct 20
4
SCHWAB CHARLES / CHARLES R SCHWAB ownership change
2 Oct 20
Patents
GRANT
Utility
System and method for synchronizing account information on two different computer systems coupled via a network
13 Oct 20
A system and method synchronizes accounts across different computer systems using a matching computer system and a network, when the accounts on the source computer system are organized differently than they are on the destination computer system.
GRANT
Utility
System and method for capturing by a device an image of a light colored object on a light colored background for uploading to a remote server
6 Oct 20
A system and method allows a light colored image of an object such as a check to be detected and captured on a light colored background for uploading to a server for processing.
GRANT
Utility
System and method for sharing investment information via a social network
28 Jul 20
A system and method allows users to share watchlists with other users of a group such as that established on a social network server, and receives and displays other related information.
GRANT
Utility
System and method for causing graphical information to be rendered
14 Jul 20
A system and method uses a two-dimensional graphics library to generate an image representation that can be used by a three-dimensional graphics library to render the image.
GRANT
Utility
System and method for handling user requests for web services
5 May 20
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.