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Also traded in: Brazil, Germany, Mexico

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash-to-Debt 3.77
SCHW's Cash-to-Debt is ranked lower than
57% of the 682 Companies
in the Global Capital Markets industry.

( Industry Median: 5.11 vs. SCHW: 3.77 )
Ranked among companies with meaningful Cash-to-Debt only.
SCHW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.72  Med: 2.46 Max: 27.52
Current: 3.77
0.72
27.52
Equity-to-Asset 0.08
SCHW's Equity-to-Asset is ranked lower than
95% of the 631 Companies
in the Global Capital Markets industry.

( Industry Median: 0.54 vs. SCHW: 0.08 )
Ranked among companies with meaningful Equity-to-Asset only.
SCHW' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.03  Med: 0.08 Max: 0.12
Current: 0.08
0.03
0.12
Debt-to-Equity 0.28
SCHW's Debt-to-Equity is ranked higher than
60% of the 399 Companies
in the Global Capital Markets industry.

( Industry Median: 0.41 vs. SCHW: 0.28 )
Ranked among companies with meaningful Debt-to-Equity only.
SCHW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08  Med: 0.31 Max: 1.07
Current: 0.28
0.08
1.07
Debt-to-EBITDA 0.61
SCHW's Debt-to-EBITDA is ranked higher than
78% of the 383 Companies
in the Global Capital Markets industry.

( Industry Median: 2.68 vs. SCHW: 0.61 )
Ranked among companies with meaningful Debt-to-EBITDA only.
SCHW' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0  Med: 0 Max: 0.61
Current: 0.61
0
0.61
Beneish M-Score: -2.22
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
Net Margin % 33.35
SCHW's Net Margin % is ranked higher than
73% of the 667 Companies
in the Global Capital Markets industry.

( Industry Median: 13.87 vs. SCHW: 33.35 )
Ranked among companies with meaningful Net Margin % only.
SCHW' s Net Margin % Range Over the Past 10 Years
Min: 10.62  Med: 20.77 Max: 33.35
Current: 33.35
10.62
33.35
ROE % 15.46
SCHW's ROE % is ranked higher than
73% of the 671 Companies
in the Global Capital Markets industry.

( Industry Median: 6.44 vs. SCHW: 15.46 )
Ranked among companies with meaningful ROE % only.
SCHW' s ROE % Range Over the Past 10 Years
Min: 8.04  Med: 11.54 Max: 31.1
Current: 15.46
8.04
31.1
ROA % 1.26
SCHW's ROA % is ranked lower than
60% of the 687 Companies
in the Global Capital Markets industry.

( Industry Median: 2.01 vs. SCHW: 1.26 )
Ranked among companies with meaningful ROA % only.
SCHW' s ROA % Range Over the Past 10 Years
Min: 0.54  Med: 0.88 Max: 2.58
Current: 1.26
0.54
2.58
3-Year Revenue Growth Rate 10.60
SCHW's 3-Year Revenue Growth Rate is ranked higher than
66% of the 609 Companies
in the Global Capital Markets industry.

( Industry Median: 4.50 vs. SCHW: 10.60 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
SCHW' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -10  Med: 8.2 Max: 46.2
Current: 10.6
-10
46.2
3-Year EPS without NRI Growth Rate 19.20
SCHW's 3-Year EPS without NRI Growth Rate is ranked higher than
66% of the 500 Companies
in the Global Capital Markets industry.

( Industry Median: 4.60 vs. SCHW: 19.20 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
SCHW' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -43.7  Med: 23.5 Max: 115.4
Current: 19.2
-43.7
115.4
GuruFocus has detected 2 Warning Signs with Charles Schwab Corp SCHW.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» SCHW's 30-Y Financials

Financials (Next Earnings Date: 2019-01-18 Est.)


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q4 2017

SCHW Guru Trades in Q4 2017

George Soros 67,300 sh (New)
Lee Ainslie 3,150,359 sh (New)
Joel Greenblatt 18,551 sh (+8.00%)
Chris Davis 846,768 sh (+2.31%)
Mairs and Power 309,713 sh (+2.58%)
Pioneer Investments 6,879,265 sh (+40.74%)
First Eagle Investment 900 sh (unchged)
Tom Gayner 1,057,000 sh (unchged)
Jerome Dodson 500,000 sh (unchged)
Jim Simons Sold Out
Ruane Cunniff 8,309,056 sh (-0.47%)
Glenn Greenberg 6,320,124 sh (-11.52%)
Ron Baron 6,514,105 sh (-2.81%)
Dodge & Cox 87,011,496 sh (-1.41%)
Ken Heebner 1,140,000 sh (-32.14%)
Murray Stahl 8,746 sh (-14.72%)
PRIMECAP Management 34,768,270 sh (-7.66%)
David Carlson 2,320,000 sh (-3.33%)
Chuck Royce 16,900 sh (-19.14%)
Paul Tudor Jones 20,482 sh (-45.36%)
Mario Gabelli 106,133 sh (-0.23%)
Ray Dalio 5,340 sh (-72.65%)
Frank Sands 25,431,961 sh (-3.58%)
David Rolfe 1,733,887 sh (-25.51%)
Lou Simpson 6,112,229 sh (-1.26%)
» More
Q1 2018

SCHW Guru Trades in Q1 2018

Ruane Cunniff 8,314,292 sh (+0.06%)
George Soros 348,381 sh (+417.65%)
Joel Greenblatt 25,233 sh (+36.02%)
Ken Heebner 1,240,000 sh (+8.77%)
Lee Ainslie 3,408,259 sh (+8.19%)
Mairs and Power 678,902 sh (+119.20%)
Tom Gayner 1,057,000 sh (unchged)
David Carlson 2,320,000 sh (unchged)
Jerome Dodson 500,000 sh (unchged)
First Eagle Investment Sold Out
Paul Tudor Jones Sold Out
Ray Dalio Sold Out
Glenn Greenberg 5,875,485 sh (-7.04%)
Ron Baron 6,507,760 sh (-0.10%)
Dodge & Cox 85,484,446 sh (-1.75%)
Chris Davis 816,812 sh (-3.54%)
Murray Stahl 8,093 sh (-7.47%)
PRIMECAP Management 32,213,155 sh (-7.35%)
Chuck Royce 8,400 sh (-50.30%)
Pioneer Investments 5,215,521 sh (-24.18%)
Mario Gabelli 105,883 sh (-0.24%)
Frank Sands 23,872,209 sh (-6.13%)
David Rolfe 1,515,704 sh (-12.58%)
Lou Simpson 5,959,534 sh (-2.50%)
» More
Q2 2018

SCHW Guru Trades in Q2 2018

Paul Tudor Jones 6,297 sh (New)
Joel Greenblatt 31,096 sh (+23.24%)
Chris Davis 819,196 sh (+0.29%)
Murray Stahl 8,199 sh (+1.31%)
Lee Ainslie 4,167,695 sh (+22.28%)
Mairs and Power 794,487 sh (+17.03%)
Pioneer Investments 6,113,354 sh (+17.21%)
Mario Gabelli 116,378 sh (+9.91%)
David Rolfe 1,617,874 sh (+6.74%)
Tom Gayner 1,057,000 sh (unchged)
Chuck Royce 8,400 sh (unchged)
Jerome Dodson 500,000 sh (unchged)
Ken Heebner Sold Out
Ruane Cunniff 8,265,912 sh (-0.58%)
George Soros 206,733 sh (-40.66%)
Glenn Greenberg 5,838,562 sh (-0.63%)
Ron Baron 6,450,667 sh (-0.88%)
Dodge & Cox 76,733,733 sh (-10.24%)
PRIMECAP Management 32,114,385 sh (-0.31%)
David Carlson 2,060,000 sh (-11.21%)
Frank Sands 22,902,272 sh (-4.06%)
Lou Simpson 5,888,856 sh (-1.19%)
» More
Q3 2018

SCHW Guru Trades in Q3 2018

Wallace Weitz 839,139 sh (New)
Jim Simons 397,300 sh (New)
Bill Nygren 4,300,000 sh (New)
Tom Gayner 1,057,100 sh (+0.01%)
Glenn Greenberg 5,839,273 sh (+0.01%)
Lee Ainslie 4,988,172 sh (+19.69%)
Murray Stahl 8,852 sh (+7.96%)
Paul Tudor Jones 19,652 sh (+212.09%)
Jerome Dodson 500,000 sh (unchged)
David Carlson 2,060,000 sh (unchged)
Chuck Royce 8,400 sh (unchged)
Mario Gabelli 98,200 sh (-15.62%)
Chris Davis 470,941 sh (-42.51%)
PRIMECAP Management 31,917,500 sh (-0.61%)
Mairs and Power 788,015 sh (-0.81%)
Lou Simpson 5,771,477 sh (-1.99%)
Frank Sands 21,375,369 sh (-6.67%)
Pioneer Investments 5,416,446 sh (-11.40%)
Ruane Cunniff 8,169,765 sh (-1.16%)
Ron Baron 6,447,740 sh (-0.05%)
David Rolfe 1,523,634 sh (-5.82%)
George Soros 71,019 sh (-65.65%)
Joel Greenblatt 13,246 sh (-57.40%)
Dodge & Cox 76,008,133 sh (-0.95%)
» More
» Details

Insider Trades

Latest Guru Trades with SCHW

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

Guru Date Action
Impact Price Range
(Average)*
Change from Average Comment Current Shares
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Preferred stocks of Charles Schwab Corp

SymbolPriceYieldDescription
SCHWpD.PFD25.035.93Deposit Shs Repr 1/40th % Non-Cum Pfd Shs Series -D-
SCHWpB/CL.PFD24.996.00Deposit Shs Repr 6% Non-Cum Perp Pfd Shs Series -B-
SCHWpC.PFD25.006.016 % Non-Cum Pfd Shs Series -C-

Business Description

Industry: Brokers & Exchanges » Capital Markets    NAICS: 523120    SIC: 6211
Compare:NYSE:MS, NYSE:GS, NYSE:SPGI, SHSE:600030, NAS:AMTD, NYSE:MCO, NAS:IBKR, TSX:TRI, ASX:MQG, SHSE:601211, TSE:8604, SHSE:601688, SHSE:600837, SZSE:000776, SZSE:000166, SHSE:600999, NAS:ETFC, SZSE:002736, NYSE:MSCI, NYSE:RJF » details
Traded in other countries:SCHW34.Brazil, SWG.Germany, SCHW.Mexico,
Headquarter Location:USA
Charles Schwab Corp through its subsidiaries provides retail brokerage and banking, retirement plan, and other corporate brokerage services. The company's operating business segments are Investor Services and Advisor Services.

Based in San Francisco, Charles Schwab operates in the brokerage, banking, and asset-management businesses. The company runs a large network of brick-and-mortar brokerage branch offices and a well-established online investing website. It also operates a bank, a proprietary mutual fund business, and offers services to independent investment advisors. The company is among the largest firms in the investment business, with over $3 trillion of client assets.

Guru Investment Theses on Charles Schwab Corp

Ron Baron Comments on The Charles Schwab Corp - Nov 02, 2018

Shares of brokerage company The Charles Schwab Corp. (NYSE:SCHW) declined slightly in the quarter. Competitors have repeatedly cut fees on trading and money management business. Schwab has historically followed suit, and we anticipate this to be the case again. Investors are also concerned that rising rates will not improve net interest margin to levels achieved in the past as additional revenue will be shared with clients to sustain market share. We believe Schwab will continue to gain assets, provide additional valuable services, and grow its earnings despite these current headwinds.

From Ron Baron (Trades, Portfolio)'s third-quarter Baron Partners Fund shareholder letter.

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Wallace Weitz Comments on Charles Schwab - Oct 23, 2018

Charles Schwab (NYSE:SCHW), the eponymously named discount brokerage and bank, continues to win market share from major banks and traditional brokers, thanks to their innovative and low-cost platforms built for individuals and investment advisors alike. Client asset growth begets greater scale, and Schwab consistently passes those benefits back to consumers through lowered costs, creating a virtuous cycle of growth in both business value and customers.

From Wallace Weitz (Trades, Portfolio)'s third-quarter 2018 Partners III Fund shareholder letter.

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Bill Nygren Comments on Schwab - Oct 09, 2018

Schwab (NYSE:SCHW) is the largest discount brokerage firm in the United States with more than $3 trillion in client assets and 11 million active brokerage accounts. This size provides Schwab with meaningful scale advantages over its smaller competitors. As the largest discount brokerage firm, the company is able to offer lower prices and invest more in superior customer service and technology than its peers. Schwab management calls this its “no trade-offs” policy—i.e., investing to provide the best product at the lowest price, and these investments attract even more clients to Schwab’s platform. As a result, Schwab has been able to grow its client assets at a double-digit rate in recent years, and given that the company still has less than 15% market share, we believe such growth should continue for the foreseeable future. The company also meaningfully benefits from rising interest rates, as the higher rates allow Schwab to reinvest its bank deposits at higher yields. We believe the combination of client asset growth and rising interest rates should drive substantial asset growth at Schwab in the coming years, and on our estimates, the company is currently valued at a discount to the overall S&P 500 P/E multiple. We believe this represents a bargain price for a well above average business.

From Bill Nygren (Trades, Portfolio)'s Oakmark Fund third quarter 2018 shareholder letter.

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Ruane Cunniff Comments on Charles Schwab - Mar 06, 2018

Charles Schwab (NYSE:SCHW) had an excellent year. The company’s diluted earnings per share rose 23%, driven primarily by a 21% increase in client assets as well as a modest increase in interest rates, which favorably impacted the spread the company earns on the client cash it keeps at its internal bank. A strong stock market contributed to the growth in client assets, but so too did Schwab’s continued asset gathering. The company took in nearly $200 billion of core net new assets, up 58% from 2016.These net new assets alone contributed seven points to the company’s growth in client assets.

Schwab’s investor-friendly strategy positions it well to continue gathering assets from the traditional wirehouses that still hold client assets on the order of $10 trillion. Moreover, the trend towards passive investment products and automated investment advice represents more opportunity than risk for the company. We believe that Schwab has a powerful value proposition that is supported by long-term secular trends and that the stock should generate, from here, a good through-cycle return.

From Ruane Cunniff (Trades, Portfolio)'s Sequoia Fund 4th Quarter 2017 Manager's Commentary.

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Ron Baron Comments on The Charles Schwab Corp - Feb 05, 2018

Shares of discount brokerage firm The Charles Schwab Corp. (NYSE:SCHW) appreciated in the quarter. Schwab’s core operations continue to perform well. Net new assets are growing steadily and new clients are joining the firm at a record pace. Schwab has been focused on sharing economies of scale with clients through price reductions, rebates, and low-cost products. Despite these lower fees, operating margins continue to expand to record levels through its scale and efficiencies, which we believe bodes well for Schwab’s continued abilities to increase its client base and assets. (Michael Baron)

From Ron Baron (Trades, Portfolio)'s Partners Fund 2018 shareholder letter.



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David Rolfe Comments on Charles Schwab - Jan 12, 2018

Charles Schwab (NYSE:SCHW) continues to execute on their differentiated strategy of providing low-cost financial services to mass affluent customers and advisors in the U.S. The Company continued to generate excellent and expanding pre-tax profit margins, relative to its large captive and independent competitors, despite aggressively lowering trading commissions earlier in the year, and launching low -cost index mutual funds in the most recent quarter. As Schwab attracts more assets to its banking and brokerage platforms, the Company’s overhead expense as a percentage of platform assets continues declining to what we calculate to be roughly 15 basis points per dollar of assets (trailing four quarters through the end of September). This overhead expense compares to the nearly 150 basis points of net interest margin available to the Company on almost $70 billion of client assets that they plan on transferring from money markets to the banking subsidiary over the next three years. Combined with a dramatically lower tax rate for the foreseeable future, we think Schwab has a unique opportunity to substantially grow its earnings base over the next several years.

From David Rolfe (Trades, Portfolio)'s fourth quarter 2017 shareholder commentary.

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Baron Opportunity Fund Comments on The Charles Schwab Corp - Feb 21, 2017

Shares of brokerage business The Charles Schwab Corp. (NYSE:SCHW) increased during the fourth quarter on the potential of multiple interest rate increases into 2017, which should materially improve the company’s earnings. Charles Schwab also reported solid asset growth reaching over $2.7 trillion. The business continued to shift to fee-based advice from trading activity, a move that we believe creates more stability and the potential for increased profitability. (Michael Baron)





From Baron Funds' Baron Opportunity Fund fourth quarter 2016 commentary.



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Baron Funds' Baron Fifth Avenue Growth Fund Comments on The Charles Schwab Corp - Feb 13, 2017

Shares of brokerage business The Charles Schwab Corp. (NYSE:SCHW) rose over 25% in the fourth quarter on the expectation of multiple interest rate increases in 2017, which should bode well for the company’s earnings. Charles Schwab also reported solid asset growth reaching over $2.7 trillion. The business continued to shift to fee-based advice from trading activity, a move that we believe creates more stability and the potential for increased profitability.



From Baron Funds' Fifth Avenue Growth Fund fourth quarter 2016 commentary.



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Baron Asset Fund Comments on The Charles Schwab Corp - Jan 30, 2017

Shares of The Charles Schwab Corp. (NYSE:SCHW), the well-known brokerage firm, increased sharply in the aftermath of the presidential election. Interest rates and equity markets both spiked in anticipation of the likely impact of the Trump presidency on financial markets. Both these factors should be positive for Schwab’s earnings over the near term. In addition, the company continued to grow the assets it oversees at a healthy pace.



From Barron Asset Fund fourth quarter 2016 commentary.



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Jerome Dodson Comments on Charles Schwab - Jan 25, 2017

Charles Schwab (NYSE:SCHW), the San Francisco–based bank and brokerage firm, rose 19.9%, from $32.93 to $39.47, contributing 101 basis points to the Fund’s return. Schwab’s earnings on its bank assets and money market funds move up and down with interest rates. The stock spent most of the year underwater, as interest rates fell and central bankers in Japan and Europe pushed their rates into negative territory. The tide started to turn in July, however, as the U.S. economy improved and interest rates rose. Schwab’s stock jumped as rates surged even market is fully valued, it won’t necessarily go down. It can stay fully valued for a long time without dropping significantly lower. The robust economy, combined with Mr. Trump’s proposed policies, could cause an acceleration in corporate earnings, which could push the market even higher.



From the Parnassus Fund fourth quarter 2016 commentary.



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David Rolfe Comments on Charles Schwab - Jan 16, 2017

Charles Schwab (NYSE:SCHW) was a top performer in the quarter as the company stands to benefit from the continued normalization of U.S. monetary policy. Despite a single federal funds rate hike during calendar year 2016, market expectations for further rate hikes have dramatically risen in the face of potential fiscal stimulus and higher inflation expectations.

While we understand the market’s desire to discount the near-term “embedded option” of money market fee waiver relief at Schwab, we continue to invest in the Company for its industry-leading pretax profit margins and asset gathering capabilities, which we think are a byproduct of their consistent productivity investments made over the past few decades. We think this positions Schwab well in the increasingly commodified financial services industry, as the Company’s low-cost model and scale allows them to pass savings on to advisors and clients in the form of competitively lower fees, in exchange for mid-single digit platform asset growth. Combined with modest rate relief and continued productivity gains, we expect Schwab to continue posting earnings per share growth in the mid-teens.

From David Rolfe (Trades, Portfolio)'s fourth quarter 2016 Wedgewood Partners investor letter.



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Top Ranked Articles about Charles Schwab Corp

Wallace Weitz’s Top 5 Buys in 3rd Quarter Guru starts position in Charles Schwab, adds to Facebook and Vulcan Minerals holdings
Wallace Weitz (Trades, Portfolio), portfolio manager of Weitz Investment Management, disclosed last week his top five buys for the third quarter included a new position in Charles Schwab Corp. (NYSE:SCHW) and increased bets in Facebook Inc. (NASDAQ:FB), Vulcan Materials Co. (NYSE:VMC), Summit Materials Inc. (NYSE:SUM) and Marvell Technology Group Ltd. (NASDAQ:MRVL). Read more...
Ron Baron Comments on The Charles Schwab Corp Guru stock highlight
Shares of brokerage company The Charles Schwab Corp. (NYSE:SCHW) declined slightly in the quarter. Competitors have repeatedly cut fees on trading and money management business. Schwab has historically followed suit, and we anticipate this to be the case again. Investors are also concerned that rising rates will not improve net interest margin to levels achieved in the past as additional revenue will be shared with clients to sustain market share. We believe Schwab will continue to gain assets, provide additional valuable services, and grow its earnings despite these current headwinds. Read more...
Wallace Weitz Comments on Charles Schwab Guru stock highlight
Charles Schwab (NYSE:SCHW), the eponymously named discount brokerage and bank, continues to win market share from major banks and traditional brokers, thanks to their innovative and low-cost platforms built for individuals and investment advisors alike. Client asset growth begets greater scale, and Schwab consistently passes those benefits back to consumers through lowered costs, creating a virtuous cycle of growth in both business value and customers. Read more...
Bill Nygren Comments on Schwab Guru stock highlight
Schwab (NYSE:SCHW) is the largest discount brokerage firm in the United States with more than $3 trillion in client assets and 11 million active brokerage accounts. This size provides Schwab with meaningful scale advantages over its smaller competitors. As the largest discount brokerage firm, the company is able to offer lower prices and invest more in superior customer service and technology than its peers. Schwab management calls this its “no trade-offs” policy—i.e., investing to provide the best product at the lowest price, and these investments attract even more clients to Schwab’s platform. As a result, Schwab has been able to grow its client assets at a double-digit rate in recent years, and given that the company still has less than 15% market share, we believe such growth should continue for the foreseeable future. The company also meaningfully benefits from rising interest rates, as the higher rates allow Schwab to reinvest its bank deposits at higher yields. We believe the combination of client asset growth and rising interest rates should drive substantial asset growth at Schwab in the coming years, and on our estimates, the company is currently valued at a discount Read more...
Ruane Cunniff Comments on Charles Schwab Guru stock highlight
Charles Schwab (NYSE:SCHW) had an excellent year. The company’s diluted earnings per share rose 23%, driven primarily by a 21% increase in client assets as well as a modest increase in interest rates, which favorably impacted the spread the company earns on the client cash it keeps at its internal bank. A strong stock market contributed to the growth in client assets, but so too did Schwab’s continued asset gathering. The company took in nearly $200 billion of core net new assets, up 58% from 2016.These net new assets alone contributed seven points to the company’s growth in client assets. Read more...
Ron Baron Comments on The Charles Schwab Corp Guru stock highlight
Shares of discount brokerage firm The Charles Schwab Corp. (NYSE:SCHW) appreciated in the quarter. Schwab’s core operations continue to perform well. Net new assets are growing steadily and new clients are joining the firm at a record pace. Schwab has been focused on sharing economies of scale with clients through price reductions, rebates, and low-cost products. Despite these lower fees, operating margins continue to expand to record levels through its scale and efficiencies, which we believe bodes well for Schwab’s continued abilities to increase its client base and assets. (Michael Baron) Read more...
Glenn Greenberg: A Successful Hedge Fund Manager The guru is leaving most of his peers behind with a long-only equity portfolio
Despite all the hype about them in the previous decade, relatively few hedge fund managers have matched the S&P 500 Index since 2008. Unfortunately, that is true even on gross returns, before taking off 20% performance fees. Read more...
David Rolfe Comments on Charles Schwab Guru stock highlight
Charles Schwab (NYSE:SCHW) continues to execute on their differentiated strategy of providing low-cost financial services to mass affluent customers and advisors in the U.S. The Company continued to generate excellent and expanding pre-tax profit margins, relative to its large captive and independent competitors, despite aggressively lowering trading commissions earlier in the year, and launching low -cost index mutual funds in the most recent quarter. As Schwab attracts more assets to its banking and brokerage platforms, the Company’s overhead expense as a percentage of platform assets continues declining to what we calculate to be roughly 15 basis points per dollar of assets (trailing four quarters through the end of September). This overhead expense compares to the nearly 150 basis points of net interest margin available to the Company on almost $70 billion of client assets that they plan on transferring from money markets to the banking subsidiary over the next three years. Combined with a dramatically lower tax rate for the foreseeable future, we think Schwab has a unique opportunity to substantially grow its earnings base over the next several years. Read more...

Ratios

vs
industry
vs
history
PE Ratio 18.83
SCHW's PE Ratio is ranked lower than
67% of the 532 Companies
in the Global Capital Markets industry.

( Industry Median: 17.59 vs. SCHW: 18.83 )
Ranked among companies with meaningful PE Ratio only.
SCHW' s PE Ratio Range Over the Past 10 Years
Min: 8.8  Med: 27.36 Max: 52.57
Current: 18.83
8.8
52.57
Forward PE Ratio 14.39
SCHW's Forward PE Ratio is ranked lower than
67% of the 89 Companies
in the Global Capital Markets industry.

( Industry Median: 17.89 vs. SCHW: 14.39 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 18.83
SCHW's PE Ratio without NRI is ranked lower than
67% of the 530 Companies
in the Global Capital Markets industry.

( Industry Median: 18.01 vs. SCHW: 18.83 )
Ranked among companies with meaningful PE Ratio without NRI only.
SCHW' s PE Ratio without NRI Range Over the Past 10 Years
Min: 11.59  Med: 27.36 Max: 52.57
Current: 18.83
11.59
52.57
Price-to-Owner-Earnings 23.35
SCHW's Price-to-Owner-Earnings is ranked higher than
67% of the 250 Companies
in the Global Capital Markets industry.

( Industry Median: 16.75 vs. SCHW: 23.35 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
SCHW' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 7.06  Med: 23.37 Max: 207.01
Current: 23.35
7.06
207.01
PB Ratio 3.10
SCHW's PB Ratio is ranked lower than
82% of the 659 Companies
in the Global Capital Markets industry.

( Industry Median: 1.16 vs. SCHW: 3.10 )
Ranked among companies with meaningful PB Ratio only.
SCHW' s PB Ratio Range Over the Past 10 Years
Min: 1.79  Med: 3.52 Max: 7.81
Current: 3.1
1.79
7.81
PS Ratio 5.94
SCHW's PS Ratio is ranked lower than
73% of the 640 Companies
in the Global Capital Markets industry.

( Industry Median: 3.42 vs. SCHW: 5.94 )
Ranked among companies with meaningful PS Ratio only.
SCHW' s PS Ratio Range Over the Past 10 Years
Min: 2.61  Med: 5.4 Max: 9.21
Current: 5.94
2.61
9.21
Price-to-Free-Cash-Flow 19.31
SCHW's Price-to-Free-Cash-Flow is ranked higher than
56% of the 168 Companies
in the Global Capital Markets industry.

( Industry Median: 16.03 vs. SCHW: 19.31 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
SCHW' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 5.79  Med: 20.16 Max: 124.91
Current: 19.31
5.79
124.91
Price-to-Operating-Cash-Flow 16.33
SCHW's Price-to-Operating-Cash-Flow is ranked higher than
51% of the 198 Companies
in the Global Capital Markets industry.

( Industry Median: 13.69 vs. SCHW: 16.33 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
SCHW' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 5.37  Med: 17.89 Max: 6123.33
Current: 16.33
5.37
6123.33
EV-to-Revenue -1.56
SCHW's EV-to-Revenue is ranked lower than
65% of the 587 Companies
in the Global Capital Markets industry.

( Industry Median: 4.20 vs. SCHW: -1.56 )
Ranked among companies with meaningful EV-to-Revenue only.
SCHW' s EV-to-Revenue Range Over the Past 10 Years
Min: -8  Med: -2.5 Max: 4.8
Current: -1.56
-8
4.8
Shiller PE Ratio 37.06
SCHW's Shiller PE Ratio is ranked lower than
85% of the 165 Companies
in the Global Capital Markets industry.

( Industry Median: 22.49 vs. SCHW: 37.06 )
Ranked among companies with meaningful Shiller PE Ratio only.
SCHW' s Shiller PE Ratio Range Over the Past 10 Years
Min: 13.73  Med: 27.51 Max: 57.17
Current: 37.06
13.73
57.17

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 1.10
SCHW's Dividend Yield % is ranked lower than
91% of the 635 Companies
in the Global Capital Markets industry.

( Industry Median: 2.86 vs. SCHW: 1.10 )
Ranked among companies with meaningful Dividend Yield % only.
SCHW' s Dividend Yield % Range Over the Past 10 Years
Min: 0.57  Med: 0.98 Max: 2.23
Current: 1.1
0.57
2.23
Dividend Payout Ratio 0.19
SCHW's Dividend Payout Ratio is ranked higher than
84% of the 367 Companies
in the Global Capital Markets industry.

( Industry Median: 0.41 vs. SCHW: 0.19 )
Ranked among companies with meaningful Dividend Payout Ratio only.
SCHW' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.19  Med: 0.28 Max: 0.63
Current: 0.19
0.19
0.63
3-Year Dividend Growth Rate 10.10
SCHW's 3-Year Dividend Growth Rate is ranked higher than
57% of the 221 Companies
in the Global Capital Markets industry.

( Industry Median: 6.30 vs. SCHW: 10.10 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
SCHW' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 14.85 Max: 61.3
Current: 10.1
0
61.3
Forward Dividend Yield % 1.24
SCHW's Forward Dividend Yield % is ranked lower than
88% of the 618 Companies
in the Global Capital Markets industry.

( Industry Median: 3.03 vs. SCHW: 1.24 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 1.42
SCHW's 5-Year Yield-on-Cost % is ranked lower than
86% of the 643 Companies
in the Global Capital Markets industry.

( Industry Median: 3.57 vs. SCHW: 1.42 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
SCHW' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.74  Med: 1.27 Max: 2.89
Current: 1.42
0.74
2.89
3-Year Average Share Buyback Ratio -0.90
SCHW's 3-Year Average Share Buyback Ratio is ranked higher than
59% of the 337 Companies
in the Global Capital Markets industry.

( Industry Median: -2.10 vs. SCHW: -0.90 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
SCHW' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -5.1  Med: -0.9 Max: 4.4
Current: -0.9
-5.1
4.4

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 3.33
SCHW's Price-to-Tangible-Book is ranked lower than
82% of the 623 Companies
in the Global Capital Markets industry.

( Industry Median: 1.16 vs. SCHW: 3.33 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
SCHW' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.76  Med: 4.35 Max: 23.84
Current: 3.33
1.76
23.84
Price-to-Intrinsic-Value-Projected-FCF 1.37
SCHW's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
80% of the 232 Companies
in the Global Capital Markets industry.

( Industry Median: 1.24 vs. SCHW: 1.37 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
SCHW' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.8  Med: 2.07 Max: 11.74
Current: 1.37
0.8
11.74
Price-to-Median-PS-Value 1.10
SCHW's Price-to-Median-PS-Value is ranked lower than
75% of the 596 Companies
in the Global Capital Markets industry.

( Industry Median: 0.95 vs. SCHW: 1.10 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
SCHW' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.12  Med: 0.78 Max: 2.55
Current: 1.1
0.12
2.55
Price-to-Graham-Number 1.67
SCHW's Price-to-Graham-Number is ranked lower than
79% of the 453 Companies
in the Global Capital Markets industry.

( Industry Median: 0.95 vs. SCHW: 1.67 )
Ranked among companies with meaningful Price-to-Graham-Number only.
SCHW' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.69  Med: 2.42 Max: 9.93
Current: 1.67
0.69
9.93

More Statistics

Revenue (TTM) (Mil) $9,501.00
EPS (TTM) $ 2.20
Beta1.60
Volatility14.96%
52-Week Range $40.08 - 60.22
Shares Outstanding (Mil)1,350.45

Analyst Estimate

Dec18 Dec19 Dec20
Revenue (Mil $) 10,145 11,394 12,058
EBIT (Mil $) 4,680 5,636 5,639
EBITDA (Mil $) 5,168 5,756 5,833
EPS ($) 2.44 2.84 3.01
EPS without NRI ($) 2.44 2.84 3.01
EPS Growth Rate
(Future 3Y To 5Y Estimate)
20.40%
Dividends per Share ($) 0.44 0.57 0.66

Piotroski F-Score Details

Piotroski F-Score: ----
Positive ROAN
Positive CFROAN
Higher ROA yoyN
CFROA > ROAN
Lower Leverage yoyN
Higher Current Ratio yoyN
Less Shares Outstanding yoyN
Higher Gross Margin yoyN
Higher Asset Turnover yoyN

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