SCHW dividend history
Charles Schwab Corporation (SCHW) dividend declarations and ex-dividend dates - real-time wire coverage of every payout disclosure.
Recent dividend items
- Schwab Announces Redemption of All Outstanding Depositary Shares Representing Interests in Its 4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series IThe Charles Schwab Corporation ("CSC") today announced that, on June 1, 2026, it will redeem all of the 20,554 outstanding shares of its 4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I ("Series I Preferred Stock", CUSIP 808513BK0), and the corresponding 2,055,433 depositary shares ("Depositary Shares"), each representing a 1/100th interest in a share of the Series I Preferred Stock. The Depositary Shares will be redeemed at a redemption price of $1,000 per Depositary Share. The redemption price does not include the regular quarterly dividend that was declared and will be paid separately in the customary manner on June 1, 2026 to holders of record at the close of
- Schwab Declares Quarterly Common Stock Dividend and Declares Preferred Stock DividendsThe Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.32 per common share. The dividend is payable May 22, 2026 to stockholders of record as of the close of business on May 8, 2026. In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable June 1, 2026 to stockholders of record as of the close of business on May 15, 2026: Preferred Stock Series Dividend Per Share Dividend Per Depositary Share 5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: March 1, 2026-May 31, 2026 $14.88 $0.372000
- Client Growth & Engagement Drive Record Schwab 1Q ResultsMarch Core Net New Assets Equal $79.7 Billion, Second Highest Month Ever Robust Engagement Drove 1Q Net Revenues to a Record $6.5 Billion, Up 16% Year-Over-Year Record GAAP Earnings Per Share of $1.37; $1.43 Adjusted (1) – up 38% versus 1Q25 The Charles Schwab Corporation reported net income for the first quarter totaling $2.5 billion, or earnings per share of $1.37. Excluding $143 million of pre-tax transaction-related costs, adjusted (1) net income and earnings per share equaled $2.6 billion and $1.43, respectively. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260416458593/en/ Client Driven Growth $140B 1Q2
- Schwab Declares 19% Increase in Quarterly Common Stock Dividend and Declares Preferred Stock DividendsThe Board of Directors of The Charles Schwab Corporation at its meeting today declared a 5 cent, or 19%, increase in the regular quarterly cash dividend to $0.32 per common share. The dividend is payable February 27, 2026 to stockholders of record as of the close of business on February 13, 2026. Co-Chairman Walt Bettinger commented, "This dividend increase reflects the Board's confidence in our ability to continue to drive profitable growth through-the-cycle as we advance our ‘Through Clients' Eyes' strategy." In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable March 2, 2026 to stockholders of record as of the clos
- Most ETF Investors Can Envision Moving to ETF-Only Portfolios With Half Saying It Could Be in the Next Five YearsThe momentum continues: With more ways to invest than ever before, investors are expanding their investing horizons and choosing ETFs to help get them where they want to go Amid an expanding universe of new investing products, asset classes and strategies, ETFs are playing a dual role in investor portfolios – serving as low-cost building blocks and a flexible entry point for exposure to more specialized areas. According to Schwab Asset Management's 2025 "ETFs and Beyond" study, most ETF investors (62%) can envision putting their entire investment portfolios into ETFs – with half (50%) saying they could be fully invested in ETFs in the next five years, signaling growing affinity for and rel
- Schwab Declares Common Stock Dividend and Declares Preferred Stock DividendsThe Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.27 per common share. The dividend is payable November 28, 2025 to stockholders of record as of the close of business on November 14, 2025. In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable December 1, 2025 to stockholders of record as of the close of business on November 14, 2025: Preferred Stock Series Dividend Per Share Dividend Per Depositary Share 5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: September 1, 2025-November 30, 2025 $1
- Schwab Reports Record Revenue and EarningsThird Quarter Core Net New Assets Equal $137.5 Billion, Up 44% Year-Over-Year 3Q Net Revenues Up 27% Year-Over-Year to $6.1 Billion Quarterly GAAP Earnings Per Share of $1.26, $1.31 Adjusted (1) – up 70% versus 3Q24 The Charles Schwab Corporation reported net income for the third quarter totaling $2.4 billion, or $1.26 earnings per share. Excluding $127 million of pre-tax transaction-related costs, adjusted (1) net income and earnings per share equaled $2.5 billion and $1.31, respectively. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251016176801/en/ Client Driven Growth 44% 3Q25 Core NNA Growth v
- Schwab Authorizes $20 Billion Stock Repurchase, Declares Common Stock Dividend, and Declares Preferred Stock DividendsThe Board of Directors of The Charles Schwab Corporation at its meeting today authorized additional repurchases of the company's common stock and declared a regular quarterly cash dividend of $0.27 per common share. The dividend is payable August 22, 2025 to stockholders of record as of the close of business on August 8, 2025. As of June 30, 2025 the Share Repurchase Program had approximately $6.9 billion of share repurchases remaining under a prior authorization. The Board's decision today has replaced this authorization with approval to repurchase a total of $20 billion of its common stock. Shares may be repurchased through open market or privately negotiated transactions based on preva
- 25% Revenue Growth Powers Record 2Q25 ResultsSecond Quarter Core Net New Assets Equal $80.3 Billion, Up 31% Year-Over-Year New Accounts Exceed 1 Million and Total Client Assets Reach a Record $10.76 Trillion Record Quarterly GAAP Earnings Per Share of $1.08, $1.14 Adjusted (1) The Charles Schwab Corporation reported net income for the second quarter totaling $2.1 billion, or $1.08 earnings per share. Excluding $128 million of pre-tax transaction-related costs, adjusted (1) net income and earnings per share equaled $2.2 billion and $1.14, respectively. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250718660688/en/ Client Driven Growth 31% 2Q25
- Schwab Announces Redemption of All Outstanding Depositary Shares Representing Interests in Its 5.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series GThe Charles Schwab Corporation ("CSC") today announced that, on June 1, 2025, it will redeem all of the 24,580 outstanding shares of its 5.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G ("Series G Preferred Stock", CUSIP 808513BD6), and the corresponding 2,457,964 depositary shares ("Depositary Shares"), each representing a 1/100th interest in a share of the Series G Preferred Stock. The Depositary Shares will be redeemed at a redemption price of $1,000 per Depositary Share. The redemption price does not include the regular quarterly dividend that was declared and will be paid separately in the customary manner on June 2, 2025 to holders of record at the close of
- Schwab Declares Common Stock Dividend and Declares Preferred Stock DividendsThe Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.27 per common share. The dividend is payable May 23, 2025 to stockholders of record as of the close of business on May 9, 2025. In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable June 2, 2025 to stockholders of record as of the close of business on May 16, 2025: Preferred Stock Series Dividend Per Share Dividend Per Depositary Share 5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: March 1, 2025-May 31, 2025 $14.88 $0.372000 5.00% Fixed-to-Flo
- Schwab Reports Record First Quarter RevenueMarch Core Net New Assets Equal $59.1 Billion, 1Q25 Totals $137.7 Billion 1Q25 Net Revenues Up 18% Year-Over-Year to a Record $5.6 Billion Quarterly GAAP Earnings Per Share of $.99, $1.04 Adjusted (1) – Up 41% Versus 1Q24 The Charles Schwab Corporation reported net income for the first quarter totaling $1.9 billion, or $.99 earnings per share. Excluding $130 million of pre-tax transaction-related costs, adjusted (1) net income and earnings per share equaled $2.0 billion and $1.04, respectively. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250417974117/en/ Client Driven Growth $137.7B 1Q25 Core Net New Assets "I
- Schwab Declares 8% Increase in Quarterly Common Stock Dividend and Declares Preferred Stock DividendsThe Board of Directors of The Charles Schwab Corporation at its meeting today declared a 2 cent, or 8%, increase in the regular quarterly cash dividend to $0.27 per common share. The dividend is payable February 28, 2025 to stockholders of record as of the close of business on February 14, 2025. In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable March 3, 2025 to stockholders of record as of the close of business on February 14, 2025: Preferred Stock Series Dividend Per Share Dividend Per Depositary Share 5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: December 1,
- Schwab Reports Fourth Quarter and Full Year ResultsDecember Core Net New Assets Equal $61.4 Billion, 4Q24 Totals $114.8 Billion 4Q Net Revenues Up 20% Year-Over-Year to $5.3 Billion Quarterly GAAP Earnings Per Share of $.94, $1.01 Adjusted (1) – Up 49% Versus 4Q23 The Charles Schwab Corporation reported net income for the fourth quarter totaling $1.8 billion, or $.94 earnings per share. Excluding $177 million of pre-tax transaction-related and restructuring costs, adjusted (1) net income and earnings per share equaled $2.0 billion and $1.01, respectively. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250121070609/en/ Client Driven Growth $367B 2024 Core Ne
- Schwab Declares Common Stock Dividend and Declares Preferred Stock DividendsThe Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.25 per common share. The dividend is payable November 22, 2024 to stockholders of record as of the close of business on November 8, 2024. In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable December 2, 2024 to stockholders of record as of the close of business on November 15, 2024: Preferred Stock Series Dividend Per Share Dividend Per Depositary Share 5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: September 1, 2024-November 30, 2024 $14.88 $0.37
- Schwab Reports Third Quarter ResultsTotal Client Assets Increased 27% Year-Over-Year to a Record $9.92 Trillion Core Net New Assets Equaled $95.3 Billion, Year-To-Date Exceeds $250 Billion Quarterly Net Revenues Grew 5% Year-Over-Year to $4.8 Billion The Charles Schwab Corporation reported net income for the third quarter totaling $1.4 billion, or $.71 diluted earnings per common share. Excluding $153 million of pre-tax transaction-related costs, adjusted (1) net income and diluted common earnings per share equaled $1.5 billion and $.77, respectively. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241015717862/en/ Client Driven Growth $95.3B 3Q24 Cor
- Schwab Asset Management Announces ETF Share SplitsSchwab Asset Management®, the asset management arm of The Charles Schwab Corporation, today announced forward share splits on 20 Schwab ETFs. Forward ETF share splits increase the number of shares outstanding and decrease the Net Asset Value (NAV) per share. The share splits will not change the total value of a shareholder's investment. The ETF share splits will apply to shareholders of record as of the close of US markets on October 9, 2024, payable after the close of the markets on October 10, 2024. Shares will begin trading at their post-split price on October 11, 2024. Ticker Fund Record date Payable date NAV/share as of 9/24/24 Split Ratio SCHG Schwab U.S. La
- Schwab Declares Common Stock Dividend and Declares Preferred Stock DividendsThe Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.25 per common share. The dividend is payable August 23, 2024 to stockholders of record as of the close of business on August 9, 2024. In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable September 3, 2024 to stockholders of record as of the close of business on August 19, 2024: Preferred Stock Series Dividend Per Share Dividend Per Depositary Share 5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: June 1, 2024-August 31, 2024 $14.88
- Schwab Reports Second Quarter ResultsTotal Client Assets Reached A Record $9.4 Trillion, Up 17% Year-Over-Year Core Net New Assets Rose 17% to $61.2 Billion, Highlighting Continued Momentum The Charles Schwab Corporation reported net income for the second quarter totaling $1.3 billion, or $.66 diluted earnings per common share. Excluding $175 million of pre-tax transaction-related and restructuring costs, adjusted (1) net income and diluted common earnings per share equaled $1.5 billion and $.73, respectively. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240716776368/en/ Client Driven Growth +17% Core Net New Asset Growth Versus 2Q23 "Sch
- Charles Schwab Discloses Results of the Federal Reserve's 2024 Comprehensive Capital Analysis and ReviewThe Charles Schwab Corporation (CSC or Schwab) announced today that it has received the results of the Federal Reserve's 2024 Comprehensive Capital Analysis and Review (CCAR). These results included the Federal Reserve's estimate of Schwab's minimum capital ratios under the supervisory severely adverse scenario for the nine-quarter horizon beginning December 31, 2023 and ending March 31, 2026. Based on these results, Schwab's calculated stress capital buffer (SCB) remains well below the 2.5% minimum, resulting in a SCB at that floor. This 2.5% SCB will continue to be applicable to Schwab for the four-quarter period beginning October 1, 2024. Schwab's Common Equity Tier 1 (CET1) ratio of 2
- Schwab Declares Common Stock Dividend and Declares Preferred Stock DividendsThe Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.25 per common share. The dividend is payable May 24, 2024 to stockholders of record as of the close of business on May 10, 2024. In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable June 3, 2024 to stockholders of record as of the close of business on May 17, 2024: Preferred Stock Series Dividend Per Share Dividend Per Depositary Share 5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: March 1, 2024-May 31, 2024 $14.88 $0.3720
- Schwab Reports First Quarter ResultsMarch Core Net New Assets Equaled $45 Billion – Annualized Growth Rate of 6% Total Client Assets Reached A Record $9.1 Trillion, Up 20% Year-Over-Year Expanded Profitability With GAAP Pre-Tax Margin of 37.9%; 40.9% Adjusted (1) The Charles Schwab Corporation reported first quarter 2024 net revenues of $4.7 billion, reflecting a quarter-over-quarter increase of 6%. Net income for the quarter totaled $1.4 billion, or $.68 diluted earnings per common share. Excluding $140 million of pre-tax transaction-related and restructuring costs, adjusted (1) net income and diluted common earnings per share equaled $1.5 billion and $.74, respectively. This press release features multimedia. View the fu
- Schwab Asset Management Announces Index and Fund Name Changes to Its Fundamental Index ETF and Mutual Fund FamilySchwab Asset Management®, the asset management arm of The Charles Schwab Corporation, today announced index and fund name changes for the Schwab Fundamental Index* ETF and mutual fund suite, effective on or about June 21, 2024. Shareholders in the ETFs and mutual funds do not need to take any action. The changes are part of Schwab Asset Management's continual review of its product set to refine and enhance its product line-up. A total of 12 Schwab Fundamental Index ETFs and mutual funds will be changing indexes and 11 of them will have new fund names: Ticker Current Fund Name New Fund Name Current Index New Index FNDX Schwab Funda
- Schwab Declares Common Stock Dividend and Declares Preferred Stock DividendsThe Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.25 per common share. The dividend is payable February 23, 2024 to stockholders of record as of the close of business on February 9, 2024. In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable March 1, 2024 to stockholders of record as of the close of business on February 15, 2024: Preferred Stock Series Dividend Per Share Dividend Per Depositary Share 5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: December 1, 2023-February 29, 2024
- Schwab Reports Fourth Quarter and Full Year ResultsDecember Core Net New Assets Exceed $40 Billion – Annualized Growth Rate of 6% Total Client Assets Reach Record $8.5 Trillion at Year-end, Up 21% The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2023 was $1.0 billion compared with $2.0 billion for the fourth quarter of 2022. Net income for the twelve months ended December 31, 2023 was $5.1 billion, compared with $7.2 billion for the year-earlier period. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240117628237/en/ Three Months Ended December 31, % Twelve Months Ended December 31,
- Schwab Declares Common Stock Dividend and Declares Preferred Stock DividendsThe Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.25 per common share. The dividend is payable November 24, 2023 to stockholders of record as of the close of business on November 10, 2023. In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable December 1, 2023 to stockholders of record as of the close of business on November 16, 2023: Preferred Stock Series Dividend Per Share Dividend Per Depositary Share 5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: September 1, 2023-November 30, 2023
- Schwab Reports Third Quarter ResultsSuccessfully Completed Largest Brokerage Conversion Event in History September Core Net New Assets Exceeded $27 Billion Bank Sweep Deposits Grew During September The Charles Schwab Corporation announced today that its net income for the third quarter of 2023 was $1.1 billion compared with $2.0 billion for the third quarter of 2022. Net income for the nine months ended September 30, 2023 was $4.0 billion, compared with $5.2 billion for the year-earlier period. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231016043490/en/ Three Months Ended September 30, % Nine Months Ended September 30,
- Schwab Declares Common Stock Dividend and Declares Preferred Stock DividendsThe Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.25 per common share. The dividend is payable August 25, 2023 to stockholders of record as of the close of business on August 11, 2023. In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable September 1, 2023 to stockholders of record as of the close of business on August 17, 2023: Preferred Stock Series Dividend Per Share Dividend Per Depositary Share 5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: June 1, 2023-August 31, 2023 $14.88
- Schwab Reports Second Quarter ResultsTotal Client Assets Exceed $8 Trillion Maintained Strong Profitability With GAAP Pre-Tax Margin of 36.3%; 42.0% Adjusted (1) The Charles Schwab Corporation announced today that its net income for the second quarter of 2023 was $1.3 billion compared with $1.8 billion for the second quarter of 2022. Net income for the six months ended June 30, 2023 was $2.9 billion, compared with $3.2 billion for the year-earlier period. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230718285814/en/ Three Months Ended June 30, % Six Months Ended June 30, % Financial Highlights (1)
- Charles Schwab Discloses Results of the Federal Reserve's 2023 Comprehensive Capital Analysis and ReviewThe Charles Schwab Corporation (CSC or Schwab) announced today that it has received the results of the Federal Reserve's 2023 Comprehensive Capital Analysis and Review (CCAR). These results included the Federal Reserve's estimate of Schwab's minimum capital ratios under the supervisory severely adverse scenario for the nine-quarter horizon beginning December 31, 2022 and ending March 31, 2025. Based on these results, Schwab's calculated stress capital buffer (SCB) remains well below the 2.5% minimum, resulting in a SCB at that floor. This 2.5% SCB will continue to be applicable to Schwab for the four-quarter period beginning October 1, 2023. Schwab's Common Equity Tier 1 (CET1) ratio of 2
- Schwab Declares Common Stock Dividend and Declares Preferred Stock DividendsThe Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.25 per common share. The dividend is payable May 26, 2023 to stockholders of record as of the close of business on May 12, 2023. In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable June 1, 2023 to stockholders of record as of the close of business on May 17, 2023: Preferred Stock Series Dividend Per Share Dividend Per Depositary Share 5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: March 1, 2023-May 31, 2023 $14.88 $0.372000
- Schwab Declares 14% Increase in Quarterly Common Stock Dividend and Declares Preferred Stock DividendsThe Board of Directors of The Charles Schwab Corporation at its meeting today declared a 3 cent, or 14%, increase in the regular quarterly cash dividend to $0.25 per common share. The dividend is payable February 24, 2023 to stockholders of record as of the close of business on February 10, 2023. Co-Chairman Charles Schwab commented, "This dividend increase reflects the Board's confidence in our ability to continue to grow earnings and cash flow as we pursue our ‘Through Clients' Eyes' strategy." In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable March 1, 2023 to stockholders of record as of the close of business on
- Schwab Reports Record Full-year Earnings Per ShareGathered $428 Billion in Annual Core Net New Assets; Added More Than 4 Million New Accounts 2022 Revenues Grew 12% to $20.8 Billion; Earnings per Share Increased to $3.50, $3.90 Adjusted (1) The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2022 was $2.0 billion, up 25% from $1.6 billion for the fourth quarter 2021. Net income for the twelve months ended December 31, 2022 was a record $7.2 billion, an increase of 23% versus the prior year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230118005347/en/ Three Months Ended December 31, % Twelve Months Ended December
- Schwab Declares Common Stock Dividend and Declares Preferred Stock DividendsThe Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.22 per common share. The dividend is payable November 25, 2022 to stockholders of record as of the close of business on November 11, 2022. In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable December 1, 2022 to stockholders of record as of the close of business on November 16, 2022: Preferred Stock Series Dividend Per Share Dividend Per Depositary Share 5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: September 1, 2022-November 30, 2022 $14.88 $0.3
- Schwab Announces Redemption of All Outstanding Depositary Shares Representing Interests in Its 4.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series EThe Charles Schwab Corporation today announced that it will redeem on December 1, 2022, all of the 6,000 outstanding shares of its 4.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E ("Series E Preferred Stock"), and the corresponding 600,000 depositary shares ("Depositary Shares"), each representing a 1/100th interest in a share of the Series E Preferred Stock. The Depositary Shares (CUSIP 808513 AP0) will be redeemed at a redemption price of $1,000 per Depositary Share. The redemption price does not include the regular quarterly dividend that, if declared, will be paid separately in the customary manner on December 1, 2022 to holders of record on the record d
- Schwab Reports Strongest Quarterly Performance in Company History$115 Billion in Core Net New Assets Represents a 7% Annualized Growth Rate Revenues Rise 20% Year-Over-Year to $5.5 Billion; Net Income Reaches $2.0 Billion, up 32% Record GAAP Earnings Per Share of $.99, $1.10 Adjusted (1) as Company Delivers Growth Plus Capital Return The Charles Schwab Corporation announced today that its net income for the third quarter of 2022 was a record $2.0 billion compared with $1.8 billion for the second quarter of 2022, and $1.5 billion for the third quarter of 2021. Net income for the nine months ended September 30, 2022 was $5.2 billion, compared with $4.3 billion for the year-earlier period. This press release features multimedia. View the full release here:
- Schwab Declares Preferred Stock DividendThe Board of Directors of The Charles Schwab Corporation today declared a dividend on the following series of outstanding preferred stock, payable November 1, 2022, to stockholders of record as of the close of business on October 17, 2022: Preferred Stock Series Dividend Per Share Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (in floating rate period) $19.43 Dividend Period: August 1, 2022 – November 1, 2022 About Charles Schwab The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with 34.0 million active brokerage accounts, 2.3 million corporate retirement plan participants, 1.7 million banking
- SCHWAB ANNOUNCES Redemption of All Outstanding Shares of Its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series AThe Charles Schwab Corporation today announced that it will redeem on November 1, 2022, all of the 400,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A ("Series A Preferred Stock") (CUSIP 808513AE5) at a redemption price of $1,000 per share. The redemption price does not include the regular quarterly dividend that, if declared, will be paid separately in the customary manner on November 1, 2022 to holders of record on the record date for such dividend payment. The Series A Preferred Stock is held in book-entry form through the Depository Trust Company ("DTC") and will be redeemed in accordance with the procedures of DTC. Payment to DT
- Schwab Reports Monthly Activity HighlightsThe Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of August 2022 include: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220915005416/en/ Core net new assets brought to the company by new and existing clients totaled $43.3 billion. Net new assets excluding mutual fund clearing totaled $43.1 billion. Total client assets were $7.13 trillion as of month-end August, down 9% from August 2021 and down 2% compared to July 2022. Average margin balances were $72.9 billion in August, down 10% from August 2021 and up 1% compared to July 2022. CFO Peter Crawford commented, "Sch
- No Matter the Weather: Despite a Perfect Storm of Market Disruptions, Schwab Study Finds Investors Continue to Favor ETFsWhile their affinity for ETFs remains strong, ETF investors also desire more personalized portfolios ETF investors have faced a turbulent environment marked by high inflation, rising interest rates and market volatility, yet they have continued investing in ETFs and foresee the product making up a larger share of their portfolios in the future. At the same time, they are also interested in exploring investing options that will allow them to better personalize their portfolios, according to "ETFs and Beyond," a new study by Schwab Asset Management. Schwab, which has studied the attitudes and activity of ETF investors for more than a decade, found that ETF investors continue to view ETFs as
- Schwab Authorizes $15 Billion Stock Repurchase, Declares 10% Increase in Quarterly Common Stock Dividend, and Declares Preferred Stock DividendsThe Board of Directors of The Charles Schwab Corporation at its meeting today authorized additional repurchases of the company's common stock and declared a 2 cent, or 10% increase in the quarterly cash dividend to $0.22 per common share. The dividend is payable August 26, 2022 to stockholders of record as of the close of business on August 12, 2022. The Share Repurchase Program previously had $1.8 billion of share repurchases remaining under a prior authorization. The Board's decision today has replaced this authorization with approval to repurchase a total of $15 billion of its common stock. Shares may be repurchased through open market or privately negotiated transactions based on preva
- Schwab's Second Quarter Revenues Rise 13% to Surpass $5 BillionQuarterly net income also reaches new highs of $1.8 billion GAAP, $2.0 billion adjusted (1) Sustained client focus helps power continued strong business momentum The Charles Schwab Corporation announced today that its net income for the second quarter of 2022 was a record $1.8 billion compared with $1.4 billion for the first quarter of 2022, and $1.3 billion for the second quarter of 2021. Net income for the six months ended June 30, 2022 was $3.2 billion, compared with $2.7 billion for the year-earlier period. During the quarter, acquisition and integration-related costs and the amortization of acquired intangibles totaled $94 million and $154 million, respectively, on a pre-tax basis. I
- Charles Schwab Discloses Results of the Federal Reserve's 2022 Comprehensive Capital Analysis and ReviewThe Charles Schwab Corporation (CSC or Schwab) announced today that it has received the results of the Federal Reserve's 2022 Comprehensive Capital Analysis and Review (CCAR). These results included the Federal Reserve's estimate of Schwab's minimum capital ratios under the supervisory severely adverse scenario for the nine-quarter horizon beginning December 31, 2021 and ending March 31, 2024. Based on these results, Schwab's calculated stress capital buffer (SCB) was well below the 2.5% minimum, resulting in an SCB at that floor. This 2.5% SCB will be applicable to Schwab for the four-quarter period beginning October 1, 2022. Schwab's Common Equity Tier 1 (CET1) ratio of 18.9% as of March
- Schwab Declares Preferred Stock DividendThe Board of Directors of The Charles Schwab Corporation at its meeting today declared a dividend on the following series of outstanding preferred stock, payable August 1, 2022, to stockholders of record as of the close of business on July 15, 2022: Preferred Stock Series Dividend Per Share 7.000% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (in floating rate period) Dividend Period: May 1, 2022 - July 31, 2022 $15.60 About Charles Schwab The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with 33.8 million active brokerage accounts, 2.3 million corporate retirement plan participants, 1.7 million banki
- Schwab Declares Common Stock Dividend and Declares Preferred Stock DividendsThe Board of Directors of The Charles Schwab Corporation at its meeting today declared a regular quarterly cash dividend of $0.20 per common share. The dividend is payable May 27, 2022 to stockholders of record as of the close of business on May 13, 2022. In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable June 1, 2022 to stockholders of record as of the close of business on May 17, 2022: Preferred Stock Series Dividend Per Share Dividend Per Depositary Share 5.95% Non-Cumulative Perpetual Preferred Stock, Series D Dividend Period: March 1, 2022-May 31, 2022 $14.88 $0.372000 4.625% Fixed-to-Fl
- Schwab Reports First Quarter ResultsCore Net New Assets Total $120.5 Billion Total Client Assets Finish at $7.86 Trillion, up 11% Year-over-Year The Charles Schwab Corporation announced today that its net income for the first quarter of 2022 was $1.4 billion compared with $1.6 billion for the fourth quarter of 2021, and $1.5 billion for the first quarter of 2021. During the quarter, certain acquisition and integration-related costs and the amortization of acquired intangibles totaled $96 million and $154 million, respectively, on a pre-tax basis. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220418005169/en/ Three Months Ended March 31, % Fi
- Schwab Declares Preferred Stock DividendThe Board of Directors of The Charles Schwab Corporation at its meeting today declared a dividend on the following series of outstanding preferred stock, payable May 2, 2022, to stockholders of record as of the close of business on April 15, 2022: Preferred Stock Series Dividend Per Share 7.000% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (in floating rate period) $12.70 Dividend Period: February 1, 2022 - April 30, 2022 About Charles Schwab The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with 33.4 million active brokerage accounts, 2.2 million corporate retirement plan participants, 1.6 milli
- KBW Announces Index Rebalancing for First-Quarter 2022NEW YORK, March 11, 2022 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the first quarter of 2022. This quarter, there are constituent changes within one of our indexes: the KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN). These changes will be effective prior to the opening of business on Monday, March 21, 2022. As part of this rebalancing, below are the component level changes across impacted indices: KBW Nasdaq Financial Technology Inde
- Schwab Declares 11% Increase in Quarterly Common Stock Dividend and Declares Preferred Stock DividendsThe Board of Directors of The Charles Schwab Corporation at its meeting today declared a 2 cent, or 11%, increase in the regular quarterly cash dividend to $0.20 per common share. The dividend is payable February 25, 2022 to stockholders of record as of the close of business on February 11, 2022. Chairman Charles Schwab commented, "This dividend increase reflects the Board's confidence in our ability to continue to deliver consistent earnings and cash flow as we pursue our ‘Through Clients' Eyes' strategy." In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable March 1, 2022 to stockholders of record as of the close of b
- Schwab Reports Record Quarterly and Full-Year Earnings Per ShareQuarterly and Annual Core Net New Assets Total $162.2 Billion and $558.2 Billion, Both Records Total Client Assets Reach a Record $8.14 Trillion at Year-end, up 22% Versus December 2020 The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2021 was a record $1.6 billion compared with $1.5 billion for the third quarter of 2021, and $1.1 billion for the fourth quarter of 2020. Net income for the twelve months ended December 31, 2021 was a record $5.9 billion, compared with $3.3 billion for the year-earlier period. The company's financial results include TD Ameritrade from October 6, 2020 forward, as well as certain acquisition and integration-related c