Charles Schwab Management
Management criteria checks 3/4
Charles Schwab's CEO is Rick Wurster, appointed in Oct 2021, has a tenure of 4.67 years. total yearly compensation is $18.76M, comprised of 6.7% salary and 93.3% bonuses, including company stock and options. directly owns 0.013% of the company’s shares, worth $19.90M. The average tenure of the management team and the board of directors is 4.7 years and 12.7 years respectively.
Key information
Rick Wurster
Chief executive officer
US$18.8m
Total compensation
| CEO salary percentage | 6.66% |
| CEO tenure | 4.7yrs |
| CEO ownership | 0.01% |
| Management average tenure | 4.7yrs |
| Board average tenure | 12.7yrs |
Recent management updates
Recent updates
Narrative Update • Jun 03
SCHW: AI And Crypto Expansion Are Expected To Support Future Upside
Analyst price targets for Charles Schwab have edged higher, with the fair value estimate moving from $115.20 to $115.85 as analysts factor in the updated financial outlook, increased revenue visibility from recent investor day commentary, and their view that AI related concerns look less justified given management’s guidance. Analyst Commentary Recent research points to a generally constructive stance on Charles Schwab, with a cluster of higher fair value estimates following the investor day and updated outlook.Seeking Alpha • May 13
Charles Schwab Is Better Insulated From AI Than Feared
Summary Charles Schwab is rated a "Buy," with AI disruption fears creating an attractive entry despite strong macro tailwinds and robust earnings momentum. SCHW benefits from higher markets, stabilized client cash balances, elevated volatility, and higher-for-longer rates, supporting EPS growth and margin expansion. AI risks to advisory and cash revenue are overstated; cost efficiencies and portfolio reinvestment mitigate potential long-term threats to earnings. With a secure balance sheet, ongoing buybacks, and 8%-10% long-term growth, SCHW is poised for double-digit total returns and a fair value above $105. Read the full article on Seeking AlphaNarrative Update • May 12
SCHW: Recent Product Expansions And AI Tools Are Expected To Support Upside
Analysts modestly raised the Charles Schwab price target by $0.20 to $115.20 as they adjusted assumptions around discount rates, revenue growth, profit margins, and future P/E, while also balancing a mix of recent target cuts and increases across the Street. Analyst Commentary Recent research shows a split view on Charles Schwab, with several firms trimming price targets and a few high profile institutions lifting theirs.Narrative Update • Apr 24
SCHW: Higher Cash Returns And Crypto Expansion Are Expected To Support Upside
Analysts have trimmed the Charles Schwab fair value estimate by $3 to $115, citing updated views on revenue growth, profit margins, discount rates, and future P/E assumptions following a mixed series of recent price target changes across the Street. Analyst Commentary Recent Street research on Charles Schwab reflects a split view, with several target cuts offset by a handful of increases and a fresh positive rating.Narrative Update • Apr 09
SCHW: Higher Cash Returns And Teen Investor Initiatives Are Expected To Support Upside
Narrative Update on Charles Schwab Analysts have trimmed the Charles Schwab price target by about $2 to $118. This reflects slightly higher expected revenue growth and profitability, offset by a modestly lower future P/E and recent mixed target moves across firms such as UBS, Jefferies, Truist, Barclays, TD Cowen, Deutsche Bank, BofA, Piper Sandler and Citizens.Narrative Update • Mar 25
SCHW: Strong Retail Trading And Higher Reinvestment Yields Are Expected To Support Upside
Narrative Update The updated analyst price target for Charles Schwab edges slightly lower, with the fair value estimate moving from about $120.68 to $120.32 as analysts modestly adjust assumptions for growth, profitability, discount rate, and future P/E, while still citing broad Street support from recent target increases across multiple firms. Analyst Commentary Street research around Charles Schwab has recently leaned constructive, with a series of price target increases and supportive comments on the business model, earnings power, and capital return potential.Narrative Update • Mar 11
SCHW: Retail Trading Strength And Higher Reinvestment Yields Are Expected To Support Upside
Our updated analyst price target for Charles Schwab edges slightly lower to about $120.68 from $121.00, as analysts factor in a modestly higher discount rate and slightly lower future P/E assumptions, while still citing supportive flows, solid trading activity, and broad buy side interest in the name. Analyst Commentary Recent Street research on Charles Schwab reflects a broadly constructive stance, with a series of higher price targets and positive references in broader financials surveys.Narrative Update • Feb 24
SCHW: Higher Reinvestment Yields And Retail Trading Are Expected To Support Upside
Analysts have inched their average price target on Charles Schwab to about $121, reflecting updated views on revenue growth potential, slightly lower profit margin assumptions, and recent broad-based target increases across major firms. Analyst Commentary Recent research points to a broadly constructive stance on Charles Schwab, with several firms lifting their price targets and keeping positive ratings on the stock.Narrative Update • Feb 08
SCHW: Higher Reinvestment Yields And Trading Activity Will Support Future Upside
Our updated view keeps Charles Schwab's fair value estimate effectively unchanged at about $120.90 per share. Analysts point to slightly lower assumed revenue growth, a modestly higher profit margin, a lower discount rate, and a reduced future P/E multiple informed by recent price target increases across the Street.Analysis Article • Feb 02
Charles Schwab's (NYSE:SCHW) Shareholders Will Receive A Bigger Dividend Than Last Year
The Charles Schwab Corporation's ( NYSE:SCHW ) dividend will be increasing from last year's payment of the same period...Narrative Update • Jan 24
SCHW: Forge Global Deal Will Support Future Bullish Upside
Analysts have nudged their implied price target for Charles Schwab higher to about US$121 from roughly US$116, pointing to Street research that highlights firmer margin expectations, a slightly lower discount rate, and steady forward P/E assumptions supported by recent target increases from multiple brokerage firms. Analyst Commentary Recent target changes cluster on the positive side, with several bullish analysts lifting their price targets by US$2 to US$5 and a few moving into the US$120 to US$123 range.Narrative Update • Jan 10
SCHW: Forge Global Deal And Capital Returns Will Drive Bullish Upside
Analysts have modestly raised their fair value estimate for Charles Schwab to $115.95 from $112.79, pointing to refreshed price targets across the Street, slightly higher modeled revenue growth, profit margin and future P/E, along with resilient client engagement and trading activity. Analyst Commentary Street research on Charles Schwab has tilted more positive, with several firms lifting their price targets and pointing to what they see as solid execution, healthy client activity, and scope for better capital returns.Narrative Update • Dec 25
SCHW: Forge Global Deal And Capital Returns Will Shape Balanced Forward Outlook
Analysts have nudged their average price target for Charles Schwab modestly higher, lifting fair value by about $1 to roughly $113. They cite a string of Q3-driven target increases that highlight stronger than expected earnings momentum, improving net interest dynamics, and a growing outlook for capital returns.Narrative Update • Dec 11
SCHW: Forge Global Deal Will Expand Private Market Access And Capital Return Capacity
Analysts nudged their average price target for Charles Schwab slightly higher to approximately $112 from about $111, citing solid Q3 earnings beats, improving balance sheet flexibility, and a clearer path to capital returns and earnings growth into 2025 and 2026. Analyst Commentary Street research following the Q3 report reflects a broadly constructive stance on Charles Schwab, with multiple price target increases and a focus on the firm’s capital return capacity, earnings trajectory, and competitive positioning.Narrative Update • Nov 27
SCHW: Forge Global Acquisition Will Broaden Private Market Access and Fuel Momentum
Charles Schwab's analyst price target has been modestly reduced to $111.61. This change reflects updated expectations for slower profit margin expansion, despite generally positive Street commentary on the company's recent earnings momentum and growth outlook.Narrative Update • Nov 12
SCHW: Acquisition of Forge Global Will Expand Access to Private Markets
Charles Schwab's analyst price target has been raised modestly from $111.50 to $111.95, as analysts cite solid Q3 results, improved revenue growth prospects, and ongoing capital return capacity. These factors support a slightly stronger outlook for the shares.Narrative Update • Oct 29
Ongoing Capital Returns And Client Engagement Will Drive Market Outperformance Ahead
Charles Schwab's analyst price target has increased by $1.90 to $111.50. This reflects analysts' optimism following robust Q3 results, improved capital return expectations, and ongoing client engagement momentum.Analysis Article • Oct 18
The Charles Schwab Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Investors in The Charles Schwab Corporation ( NYSE:SCHW ) had a good week, as its shares rose 2.4% to close at US$94.14...Narrative Update • Oct 14
Digital Transformation And Generational Wealth Will Drive Long-Term Success
Charles Schwab's analyst price target has increased modestly to $109.60, up from $108.37. Analysts cite improving profit margins, the potential benefits of recent strategic shifts, and resilient asset growth despite mixed industry trends.Narrative Update • Sep 18
Digital Transformation And Generational Wealth Will Drive Long-Term Success
The consensus analyst price target for Charles Schwab saw a slight increase to $108.37, as bullish analysts cited strong net new asset growth and sustained trading volumes supported by a favorable rate environment, while bearish sentiment persists on concerns about future Fed rate cuts impacting earnings. Analyst Commentary Bullish analysts cite a significant acceleration in net new asset growth, with seasonally adjusted growth nearly 6%—the strongest in over two years.Seeking Alpha • Apr 21
Charles Schwab Q1: 3 Reasons To Buy This Brokerage Powerhouse
Summary Charles Schwab reported over $2.0B in quarterly profits in Q1'25, with a net profit margin exceeding 40%, driven by strong market activity. The firm attracted $137.7B in core net new assets in Q1, showing a 20% increase quarter-over-quarter, bolstering future earnings growth. Charles Schwab is growing its business and demonstrating a strong ability to consistently grow its asset base. Charles Schwab's valuation is attractive, trading at a P/E ratio of 15.1x, below its 3-year average, with an expected EPS growth of 24%. The brokerage's robust profitability and stock buyback potential, alongside low earnings risks, make it a strong buy despite market volatility. Read the full article on Seeking AlphaSeeking Alpha • Apr 08
Charles Schwab: Getting Cheaper, But Not Cheap Enough
Summary The Charles Schwab Corporation has shown resilience, with shares pulling back only 3.4% compared to the S&P 500's 12.6% drop, but remains a 'hold' due to mixed growth. Total client assets slightly declined to $10.28 trillion despite $137.3 billion in net new assets, highlighting market losses and inflows. Active brokerage accounts rose significantly, but interest-earning assets and bank deposits faced challenges due to high interest rates and market conditions. SCHW stock valuation has improved with a P/E multiple dropping to 23.4 and a P/B multiple to 3.24, yet not low enough for a bullish stance. Read the full article on Seeking AlphaSeeking Alpha • Mar 04
Why Charles Schwab Is A Strong Buy Even With Market Uncertainty
Summary Charles Schwab's current price of $79 presents a compelling long-term investment opportunity, driven by its massive client assets, adaptable business model, and operating efficiency. Market concerns about net interest margin compression and regulatory uncertainty are short-term issues; Schwab's long-term asset growth and Ameritrade integration offer substantial upside. Management's confidence, proactive strategies, and strong expense controls indicate Schwab's resilience, with liquidity concerns being overblown and temporary. Despite risks like interest rate fluctuations and competition, Schwab's diversified business model and discounted valuation make SCHW stock a strong buy with significant upside potential. Read the full article on Seeking AlphaCEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$9b |
| Dec 31 2025 | US$19m | US$1m | US$8b |
| Sep 30 2025 | n/a | n/a | US$8b |
| Jun 30 2025 | n/a | n/a | US$7b |
| Mar 31 2025 | n/a | n/a | US$6b |
| Dec 31 2024 | US$13m | US$1m | US$5b |
| Sep 30 2024 | n/a | n/a | US$5b |
| Jun 30 2024 | n/a | n/a | US$4b |
| Mar 31 2024 | n/a | n/a | US$4b |
| Dec 31 2023 | US$11m | US$985k | US$5b |
| Sep 30 2023 | n/a | n/a | US$6b |
| Jun 30 2023 | n/a | n/a | US$6b |
| Mar 31 2023 | n/a | n/a | US$7b |
| Dec 31 2022 | US$11m | US$877k | US$7b |
| Sep 30 2022 | n/a | n/a | US$6b |
| Jun 30 2022 | n/a | n/a | US$6b |
| Mar 31 2022 | n/a | n/a | US$5b |
| Dec 31 2021 | US$11m | US$640k | US$5b |
Compensation vs Market: Rick's total compensation ($USD18.76M) is about average for companies of similar size in the US market ($USD14.79M).
Compensation vs Earnings: Rick's compensation has increased by more than 20% in the past year.
CEO
Rick Wurster (52 yo)
4.7yrs
Tenure
US$18,755,222
Compensation
Mr. Richard Andrew Wurster, also known as Rick, CFA, CMT is President of The Charles Schwab Corporation from October 15, 2021 and serves as its CEO & Director since January 01, 2025. He joined the The Char...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Co-Chairman | 40.4yrs | US$8.54m | no data | |
| CEO, President & Director | 4.7yrs | US$18.76m | 0.013% $ 19.9m | |
| MD & Chief Financial Officer | 1.7yrs | US$8.12m | 0.0027% $ 4.2m | |
| MD, Head of Investor Service & Head of Retail Investing | no data | US$6.27m | no data | |
| MD & CTO | no data | no data | no data | |
| Managing Director & Chief Administrative Officer | less than a year | no data | no data | |
| MD & Head of Investor Relations | no data | no data | no data | |
| MD, General Counsel & Corporate Secretary | 6.6yrs | no data | 0.00044% $ 683.1k | |
| MD & Chief Marketing Officer | 3.4yrs | no data | no data | |
| MD & Head of International Services | no data | no data | no data | |
| MD & Chief Banking Officer | no data | no data | 0.0027% $ 4.2m | |
| MD & Chief Risk Officer | 14.4yrs | no data | 0.0035% $ 5.4m |
4.7yrs
Average Tenure
59yo
Average Age
Experienced Management: SCHW's management team is considered experienced (4.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Co-Chairman | 40.4yrs | US$8.54m | no data | |
| CEO, President & Director | 1.4yrs | US$18.76m | 0.013% $ 19.9m | |
| Independent Director | 11.7yrs | US$376.64k | 0.026% $ 40.3m | |
| Independent Director | 16.7yrs | US$350.07k | 0.0018% $ 2.8m | |
| Independent Director | 24.4yrs | US$365.07k | 0.0059% $ 9.1m | |
| Independent Director | 30.4yrs | US$380.07k | 0.014% $ 21.1m | |
| Independent Director | 8.7yrs | US$380.07k | 0.0014% $ 2.1m | |
| Independent Director | 11.4yrs | US$400.07k | 0.0027% $ 4.1m | |
| Independent Director | 13.7yrs | US$350.07k | 0.0059% $ 9.2m | |
| Co-Chairman | 17.7yrs | US$6.26m | 0.036% $ 55.7m | |
| Director | 3.7yrs | US$335.07k | 0.11% $ 164.8m | |
| Independent Director | 5.8yrs | US$400.07k | 0.00074% $ 1.1m |
12.7yrs
Average Tenure
66.5yo
Average Age
Experienced Board: SCHW's board of directors are seasoned and experienced ( 12.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/11 14:33 |
| End of Day Share Price | 2026/06/11 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
The Charles Schwab Corporation is covered by 39 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stephen Biggar | Argus Research Company |
| Roger Freeman | Barclays |
| Benjamin Budish | Barclays |