|Bid||50.6800 x 800|
|Ask||50.6900 x 1800|
|Day's range||50.2200 - 50.8250|
|52-week range||40.6000 - 60.2200|
|PE ratio (TTM)||25.71|
|Earnings date||15 Oct 2018 - 19 Oct 2018|
|Forward dividend & yield||0.52 (1.02%)|
|1y target est||60.00|
The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. Charles Schwab’s insiders have divested from 190.50k shares in theRead More...
In an effort to retain existing customers and add new customers, JPMorgan Chase (JPM) has sweetened the offerings for its Sapphire accounts. Last week, the bank announced that credit card customers who open a new Sapphire bank account will be eligible for a 60,000 point sign-on bonus worth $900. For regular Chase customers who don’t have that kind of savings, they can upgrade to the Sapphire bank account by paying a monthly fee of $25.
Fund companies and brokerage firms have a new pricing model: free! Fidelity Investments kicked off the freebie parade with the launch of two zero-fee index mutual funds in early August. JPMorgan Chase (JPM) and Vanguard Group subsequently announced plans to cut trading commissions to zero for stocks and/or exchange-traded funds, with some restrictions. BlackRock (BLK) is down 12% in the past three months, with much of those losses occurring after Fidelity launched its zero-fee funds.
Kathy Jones, Charles Schwab chief fixed income strategist, Chris Harvey, Wells Fargo Securities head of equity strategy, Bloomberg's Luke Kawa and Bloomberg Intelligence's Damian Sassower talk about risks ...
As anticipated, JPMorgan Chase (JPM) has launched its much-awaited free digital investment platform—You Invest—offering 100 free online trades to all its customers. According to JPMorgan, it will take less than three minutes to open a You Invest online investing account that users can manage from their phones or computers. Users with the You Invest service will get 100 free stock or ETF trades in the first year and will be charged $2.95 per trade if they make more trades.
Shares of online brokerage companies were hit hard this morning after CNBC reported that JPMorgan Chase (JPM) is planning to launch a new free digital investment app next week, which has been deemed “You Invest.” Shares of E-Trade Financial (ETFC), Charles Schwab (SCHW), and TD Ameritrade Holding (AMTD) have fallen ~4%, ~3.5%, and ~5.7%, respectively. On the other hand, shares of JPMorgan have risen 1.2%. JPMorgan has outperformed the Financial Select Sector SPDR ETF (XLF) year-to-date.
Shares of several major brokerage companies--including Charles Schwab (SCHW), TD Ameritrade (AMTD), and E-Trade (ETFC)--fell in morning trading Tuesday as JPMorgan Chase (JPM) unveiled a new mobile application which will feature free trading.
Schwab (SCHW) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Charles Schwab's (SCHW) revenues likely to improve, moving ahead, driven by steady growth in client assets and average interest earning assets.
When some investment firms say they will treat your money as if it were their own, they mean it?all too well. Investors invest, but of course they leave billions in cash in brokerage accounts, too. At Morgan Stanley, $6.3 billion of that cash is in a money-market mutual fund yielding 1.8%.
Kully Samra, U.K. managing director at Charles Schwab, discusses the outlook for the U.S. economy and Federal Reserve policy ahead of today's jobs data. He speaks on "Bloomberg Surveillance." ...
In the race to the bottom, Fidelity Investments has apparently come in first. The funds, Fidelity Zero Total Market Index and Fidelity Zero International Index, will use in-house benchmarks, which means Fidelity won’t be paying an outside vendor to manage them. “Other asset managers will likely be forced to follow suit and slash their own rates yet again, but zero seems like a hard stop.” While Fidelity was at it Wednesday, it also announced that it’s eliminated investment minimums for its mutual funds and 529 college savings plans available to individual investors directly from Fidelity or through financial advisors.
Shares of asset managers, including industry giant BlackRock (BLK), are falling on Wednesday, on news that privately held Fidelity Investments is launching what may be the first no-cost index funds, the same month that Vanguard Group is waiving fees on all ETF trades on its platform. In many cases, it hasn't been a good year to be an asset manager, with major players throughout the industry, including BlackRock (BLK), Charles Schwab (SBHW), Federated Investors (FII), Franklin Resources (BEN), Invesco (IVZ), and Legg Mason (LM) in the red since the start of 2018. Both the Fidelity Zero Total Market Index fund and the Fidelity Zero International Index fund will be available to investors on Friday, the mutual fund giant said.
Betterment unveiled its automated investing service in 2010. Sophisticated algorithms, the promise went, could provide customized portfolios to the masses, at a quarter of the price charged by human advisors. In our first cover story on the robos, Wealthfront’s then-CEO, Adam Nash, predicted that “in the next 10 years, everyone will be using some form of automated investment service.” “This is like e-commerce in the ’90s,” he said at the time.
Two well-known food companies, a major distributor of prescription drugs, and a large financial-services firm have declared double-digit dividend increases this week. Hershey (HSY), known for its chocolate ...
Proprietary trading firms and hedge funds formed 4% of Interactive Brokers Group’s (IBKR) total accounts in the second quarter. During the same period, of the total commissions and client equity, they formed 26% and 20%, respectively.