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Charles Schwab NYSE:SCHW Stock Report

Last Price


Market Cap







03 Oct, 2022


Company Financials +
SCHW fundamental analysis
Snowflake Score
Future Growth4/6
Past Performance5/6
Financial Health2/6

SCHW Stock Overview

The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services.

Charles Schwab Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Charles Schwab
Historical stock prices
Current Share PriceUS$73.21
52 Week HighUS$96.24
52 Week LowUS$59.35
1 Month Change4.08%
3 Month Change15.49%
1 Year Change-0.027%
3 Year Change106.52%
5 Year Change61.22%
Change since IPO23,515.06%

Recent News & Updates

Sep 05
With EPS Growth And More, Charles Schwab (NYSE:SCHW) Makes An Interesting Case

With EPS Growth And More, Charles Schwab (NYSE:SCHW) Makes An Interesting Case

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...

Aug 10
Charles Schwab (NYSE:SCHW) Is Paying Out A Larger Dividend Than Last Year

Charles Schwab (NYSE:SCHW) Is Paying Out A Larger Dividend Than Last Year

The Charles Schwab Corporation ( NYSE:SCHW ) has announced that it will be increasing its dividend from last year's...

Aug 10

Charles Schwab: Stellar Future With Higher Interest Rates

The average yield on Schwab's interest-earning assets went up 26 basis points from 1.47% in 1Q22 to 1.73% in 2Q22. Net interest went up $361 million from $2,183 million in 1Q22 to $2,544 million in 2Q22. The 2Q22 period was in an environment where interest rates were lower than they are today and lower than they are expected to be in the future. Introduction My thesis is that Schwab (SCHW) has a stellar future as we move to a world with higher interest rates. Net interest revenue went up $361 million from $2,183 million in 1Q22 to $2,544 million in 2Q22. Bank call reports show that more of this type of revenue makes its way to the bottom line than other types of revenue. As such, GAAP net income and adjusted net income went up from $1,402 million and $1,591 million, respectively, in 1Q22 to $1,793 million and $1,981 million, respectively in 2Q22 per the 2Q22 release. The Numbers Interest revenue went up from 1Q22 to 2Q22 because the average yield burgeoned from 1.47% to 1.73% as rates increased. We see from the 1Q22 release that the net interest revenue was $2,183 million after $136 million in expenses on the $2,319 million interest revenue: 1Q22 net interest revenue (1Q22 release) The 2Q22 release shows that net interest revenue was $2,544 million after $166 million in expenses on the $2,710 million interest revenue: 2Q22 net interest revenue (2Q22 release) It is crucial that the average yield went up 26 basis points from 1.47% to 1.73%. This allowed Schwab to generate more interest revenue even though the level of interest-earning assets went down from $632.4 billion to $623.6 billion. One of the intriguing things about these numbers is that the 2Q22 period was in an environment where interest rates were lower than they are today and lower than they are expected to be in the future. The FRED Federal Funds Effective Rate went up from almost 1.75% to nearly 2.5% in late July but this was after the 2Q22 period ended: Historical Federal Funds Effective Rate ((FRED)) In the July 2022 Summer Update, it is shown that this effective rate is expected to continue climbing up to 3.5% in the near future: Federal Funds Effective Date Since January (July 2022 Summer Update) The Secured Overnight Financing Rate (“SOFR”) is replacing the London Interbank Offered Rate (“LIBOR”) but rates are going up no matter how we look at things. The Federal Reserve Bank of New York shows that the SOFR was under 1.5% for most of 2Q22 and it went above 2.25% starting on July 28th: SOFR (Federal Reserve Bank of New York) Valuation The 2Q22 adjusted net income is $1,981 million such that the adjusted annualized net income is $7,924 million. I think Schwab is worth 20 to 22x this amount or $158 to $174 billion.

Shareholder Returns

SCHWUS Capital MarketsUS Market

Return vs Industry: SCHW exceeded the US Capital Markets industry which returned -25.4% over the past year.

Return vs Market: SCHW exceeded the US Market which returned -23.2% over the past year.

Price Volatility

Is SCHW's price volatile compared to industry and market?
SCHW volatility
SCHW Average Weekly Movement4.4%
Capital Markets Industry Average Movement0.4%
Market Average Movement6.8%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: SCHW is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SCHW's weekly volatility (4%) has been stable over the past year.

About the Company

197135,200Walt Bettinger

The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor and mutual fund clearing services, as well as compliance solutions.

Charles Schwab Fundamentals Summary

How do Charles Schwab's earnings and revenue compare to its market cap?
SCHW fundamental statistics
Market CapUS$137.79b
Earnings (TTM)US$5.79b
Revenue (TTM)US$19.00b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SCHW income statement (TTM)
Cost of RevenueUS$587.00m
Gross ProfitUS$18.41b
Other ExpensesUS$12.63b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 17, 2022

Earnings per share (EPS)3.07
Gross Margin96.91%
Net Profit Margin30.45%
Debt/Equity Ratio63.4%

How did SCHW perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is SCHW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SCHW?

Other financial metrics that can be useful for relative valuation.

SCHW key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio1.5x

Price to Earnings Ratio vs Peers

How does SCHW's PE Ratio compare to its peers?

SCHW PE Ratio vs Peers
The above table shows the PE ratio for SCHW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.3x
MS Morgan Stanley
GS Goldman Sachs Group
IBKR Interactive Brokers Group
RJF Raymond James Financial
SCHW Charles Schwab

Price-To-Earnings vs Peers: SCHW is expensive based on its Price-To-Earnings Ratio (23.8x) compared to the peer average (14.3x).

Price to Earnings Ratio vs Industry

How does SCHW's PE Ratio compare vs other companies in the US Capital Markets Industry?

Price-To-Earnings vs Industry: SCHW is good value based on its Price-To-Earnings Ratio (23.8x) compared to the US Capital Markets industry average (24.9x)

Price to Earnings Ratio vs Fair Ratio

What is SCHW's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SCHW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.8x
Fair PE Ratio19.3x

Price-To-Earnings vs Fair Ratio: SCHW is expensive based on its Price-To-Earnings Ratio (23.8x) compared to the estimated Fair Price-To-Earnings Ratio (19.3x).

Share Price vs Fair Value

What is the Fair Price of SCHW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SCHW ($73.21) is trading below our estimate of fair value ($108.83)

Significantly Below Fair Value: SCHW is trading below fair value by more than 20%.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Future Growth

How is Charles Schwab forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

Future Growth Score


Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SCHW's forecast earnings growth (15.6% per year) is above the savings rate (1.9%).

Earnings vs Market: SCHW's earnings (15.6% per year) are forecast to grow faster than the US market (14.8% per year).

High Growth Earnings: SCHW's earnings are forecast to grow, but not significantly.

Revenue vs Market: SCHW's revenue (8.2% per year) is forecast to grow faster than the US market (7.7% per year).

High Growth Revenue: SCHW's revenue (8.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SCHW's Return on Equity is forecast to be high in 3 years time (21.4%)

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Past Performance

How has Charles Schwab performed over the past 5 years?

Past Performance Score


Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SCHW has high quality earnings.

Growing Profit Margin: SCHW's current net profit margins (30.5%) are higher than last year (26.3%).

Past Earnings Growth Analysis

Earnings Trend: SCHW's earnings have grown by 17.4% per year over the past 5 years.

Accelerating Growth: SCHW's earnings growth over the past year (38.7%) exceeds its 5-year average (17.4% per year).

Earnings vs Industry: SCHW earnings growth over the past year (38.7%) exceeded the Capital Markets industry 33.2%.

Return on Equity

High ROE: SCHW's Return on Equity (14.2%) is considered low.

Discover strong past performing companies

Financial Health

How is Charles Schwab's financial position?

Financial Health Score


Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SCHW's short term assets ($238.3B) do not cover its short term liabilities ($571.3B).

Long Term Liabilities: SCHW's short term assets ($238.3B) exceed its long term liabilities ($21.7B).

Debt to Equity History and Analysis

Debt Level: SCHW has more cash than its total debt.

Reducing Debt: SCHW's debt to equity ratio has increased from 31.3% to 63.4% over the past 5 years.

Debt Coverage: SCHW's debt is not well covered by operating cash flow (9.1%).

Interest Coverage: Insufficient data to determine if SCHW's interest payments on its debt are well covered by EBIT.

Balance Sheet

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What is Charles Schwab current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Current Dividend Yield

Dividend Yield vs Market

Charles Schwab Dividend Yield vs Market
How does Charles Schwab dividend yield compare to the market?
SegmentDividend Yield
Company (Charles Schwab)1.2%
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.6%
Industry Average (Capital Markets)2.9%
Analyst forecast in 3 Years (Charles Schwab)1.4%

Notable Dividend: SCHW's dividend (1.2%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: SCHW's dividend (1.2%) is low compared to the top 25% of dividend payers in the US market (4.75%).

Stability and Growth of Payments

Stable Dividend: SCHW's dividends per share have been stable in the past 10 years.

Growing Dividend: SCHW's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (24.9%), SCHW's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (107.8%), SCHW's dividend payments are not well covered by cash flows.

Discover strong dividend paying companies


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Walt Bettinger (61 yo)





Mr. Walter William Bettinger II also known as Walt, has been Chief Executive Officer and Director at The Charles Schwab Corporation since late 2008 and has been its Co-Chairman since July 2022 and joined t...

CEO Compensation Analysis

Walt Bettinger's Compensation vs Charles Schwab Earnings
How has Walt Bettinger's remuneration changed compared to Charles Schwab's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a


Mar 31 2022n/an/a


Dec 31 2021US$22mUS$1m


Sep 30 2021n/an/a


Jun 30 2021n/an/a


Mar 31 2021n/an/a


Dec 31 2020US$16mUS$1m


Sep 30 2020n/an/a


Jun 30 2020n/an/a


Mar 31 2020n/an/a


Dec 31 2019US$16mUS$1m


Sep 30 2019n/an/a


Jun 30 2019n/an/a


Mar 31 2019n/an/a


Dec 31 2018US$16mUS$1m


Sep 30 2018n/an/a


Jun 30 2018n/an/a


Mar 31 2018n/an/a


Dec 31 2017US$14mUS$1m


Sep 30 2017n/an/a


Jun 30 2017n/an/a


Mar 31 2017n/an/a


Dec 31 2016US$20mUS$1m


Sep 30 2016n/an/a


Jun 30 2016n/an/a


Mar 31 2016n/an/a


Dec 31 2015US$12mUS$1m


Compensation vs Market: Walt's total compensation ($USD21.94M) is above average for companies of similar size in the US market ($USD13.04M).

Compensation vs Earnings: Walt's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: SCHW's management team is considered experienced (4.7 years average tenure).

Board Members

Experienced Board: SCHW's board of directors are considered experienced (9.9 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: SCHW insiders have only sold shares in the past 3 months.

Recent Insider Transactions

NYSE:SCHW Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
01 Aug 22BuyUS$2,576,817The Toronto-Dominion BankCompany36,504US$70.59
29 Jul 22SellUS$19,172,195Charles SchwabIndividual284,900US$69.43
27 Jul 22SellUS$12,127,701The Toronto-Dominion BankCompany169,334US$71.62
21 Jul 22SellUS$7,501,884Charles SchwabIndividual120,000US$62.52
20 Jul 22SellUS$7,524,384Charles SchwabIndividual120,000US$62.70
26 May 22SellUS$10,155,966Charles SchwabIndividual147,275US$68.96
29 Apr 22BuyUS$4,900,911Walter BettingerIndividual72,911US$68.16
27 Apr 22BuyUS$297,567Walter BettingerIndividual4,341US$68.55
26 Apr 22BuyUS$1,789,688Walter BettingerIndividual26,108US$68.55
25 Apr 22BuyUS$2,545,960Walter BettingerIndividual36,640US$69.49
16 Mar 22SellUS$270,957Peter CrawfordIndividual3,114US$87.01
22 Feb 22SellUS$13,478,956Charles SchwabIndividual156,860US$85.95
17 Feb 22SellUS$5,036,936Charles SchwabIndividual58,140US$86.63
10 Feb 22SellUS$2,948,430Charles SchwabIndividual30,873US$95.50
07 Feb 22SellUS$11,043,873Charles SchwabIndividual119,280US$92.59
03 Feb 22SellUS$10,759,450Charles SchwabIndividual119,280US$90.20
02 Feb 22SellUS$10,832,737Charles SchwabIndividual120,700US$89.75
31 Jan 22SellUS$195,104Peter MorganIndividual2,239US$87.14
23 Nov 21SellUS$4,038,365Charles SchwabIndividual49,100US$82.25
22 Nov 21SellUS$4,047,107Charles SchwabIndividual49,100US$82.48
22 Nov 21SellUS$103,299Joan DeaIndividual1,250US$82.64
18 Nov 21SellUS$4,021,413Charles SchwabIndividual49,100US$81.92
16 Nov 21SellUS$8,036,997Charles SchwabIndividual98,200US$82.05
08 Nov 21SellUS$3,789,967Charles SchwabIndividual46,473US$81.75
05 Nov 21SellUS$4,840,661Charles SchwabIndividual59,177US$81.80
03 Nov 21SellUS$5,056,286Charles SchwabIndividual61,150US$82.69
01 Nov 21SellUS$5,010,203Charles SchwabIndividual61,350US$81.67
26 Oct 21SellUS$8,062,394Charles SchwabIndividual96,302US$83.72
25 Oct 21SellUS$11,875,381Charles SchwabIndividual143,698US$83.05
22 Oct 21SellUS$917,134Peter CrawfordIndividual11,000US$83.38
20 Oct 21SellUS$15,039,410Charles SchwabIndividual185,250US$81.18
18 Oct 21SellUS$1,044,376Charles SchwabIndividual13,000US$80.34

Ownership Breakdown

What is the ownership structure of SCHW?
Owner TypeNumber of SharesOwnership Percentage
Private Companies280,1320.01%
State or Government666,9860.04%
Individual Insiders117,541,4896.2%
General Public183,479,4179.7%
Public Companies226,672,44612.0%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 59.94% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
The Toronto-Dominion Bank
226,672,446$16.6b28.88%no data
The Vanguard Group, Inc.
Charles Schwab
115,061,544$8.4b-2.16%no data
BlackRock, Inc.
Dodge & Cox
Wellington Management Group LLP
State Street Global Advisors, Inc.
T. Rowe Price Group, Inc.
Massachusetts Financial Services Company
J.P. Morgan Asset Management, Inc.
Geode Capital Management, LLC
AllianceBernstein L.P.
Northern Trust Global Investments
Parnassus Investments, LLC
Eaton Vance Management
Norges Bank Investment Management
Harris Associates L.P.
Teachers Insurance and Annuity Association-College Retirement Equities Fund
Generation Investment Management LLP
Egerton Capital (UK) LLP
RBC Global Asset Management Inc.
BNY Mellon Asset Management
Union Asset Management Holding AG
PRIMECAP Management Company

Company Information

The Charles Schwab Corporation's employee growth, exchange listings and data sources

Key Information

  • Name: The Charles Schwab Corporation
  • Ticker: SCHW
  • Exchange: NYSE
  • Founded: 1971
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Implied Market Cap: US$137.785b
  • Shares outstanding: 1.88b
  • Website:

Number of Employees


  • The Charles Schwab Corporation
  • 3000 Schwab Way
  • Westlake
  • Texas
  • 76262
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SCHWNYSE (New York Stock Exchange)YesCommon StockUSUSDSep 1987
SWGDB (Deutsche Boerse AG)YesCommon StockDEEURSep 1987
SWGXTRA (XETRA Trading Platform)YesCommon StockDEEURSep 1987
SCHW *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNSep 1987
0L3ILSE (London Stock Exchange)YesCommon StockGBUSDSep 1987
SCHWWBAG (Wiener Boerse AG)YesCommon StockATEURSep 1987
A1GZ40DB (Deutsche Boerse AG)PERP SUB GLBL -ADEUSDJan 2012
SCHW.PRCNYSE (New York Stock Exchange)DEP SHS PFD CUSUSDJul 2015
SCHW.PRDNYSE (New York Stock Exchange)DEP SHS 1/40 PFDUSUSDMar 2016
SCHW34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 4 REP 1 COMBRBRLApr 2016
A188UEDB (Deutsche Boerse AG)PERP SUB -E NTDEUSDOct 2016
A28WNPDB (Deutsche Boerse AG)PERP SUB GLBL -GDEUSDApr 2020
A3KNM1DB (Deutsche Boerse AG)4%-FRN SUB PERP USD1000 'I'DEUSDMar 2021
SCHW.PRJNYSE (New York Stock Exchange)4.450% DEP SHS REP 1/40TH N-CUM PFD SERJUSUSDMar 2021
SWG0DB (Deutsche Boerse AG)4.450% DEP SHS REP 1/40TH N-CUM PFD SERJDEEURMar 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/10/03 00:00
Annual Earnings2021/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.