Market Summary
USD56.67-1.06
Market Closed-1.84%
SCHW Stock Price
SCHW RSI Chart
SCHW Valuation
SCHW Price/Sales (Trailing)
SCHW Profitability
SCHW Fundamentals
SCHW Revenue
SCHW Earnings
Price Action
52 Week Range
45.0086.36
(Low)(High)
Last 7 days
-3.5%
Last 30 days
-4.6%
Last 90 days
6.5%
Trailing 12 Months
-22.1%
SCHW Financial Health
SCHW Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for SCHW
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-29 | Morgan Peter J. III | sold | -476,872 | 59.609 | -8,000 | md, general counsel |
2023-08-17 | Ruffel Charles A. | bought | 50,440 | 60.5523 | 833 | - |
2023-08-09 | Schwab Charles R. | gifted | - | - | -107,695 | co-chairman |
2023-08-02 | Schwab Charles R. | gifted | - | - | -76,335 | co-chairman |
2023-07-26 | Schwab Charles R. | sold | -5,045,820 | 66.6027 | -75,760 | co-chairman |
2023-07-24 | Schwab Charles R. | sold | -4,802,980 | 66.6646 | -72,047 | co-chairman |
2023-07-24 | Schwab Charles R. | acquired | 1,665,730 | 23.12 | 72,047 | co-chairman |
2023-06-05 | Wurster Richard A | sold (taxes) | -63,583 | 54.0217 | -1,177 | president |
2023-05-23 | Schwab Charles R. | gifted | - | - | -22,740 | co-chairman |
2023-05-22 | HERRINGER FRANK C | acquired | - | - | 2,496 | - |
Which funds bought or sold SCHW recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-19 | BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL | reduced | -6.51 | 13,098 | 1,139,270 | 0.48% |
2023-09-14 | IMS Capital Management | added | 15.92 | 156,931 | 773,982 | 0.43% |
2023-09-13 | CGC Financial Services, LLC | new | - | 76,291 | 76,291 | 0.05% |
2023-09-12 | Prosperity Wealth Management, Inc. | reduced | -37.89 | -108,280 | 221,819 | 0.14% |
2023-09-12 | Farther Finance Advisors, LLC | added | 389 | 608,408 | 750,101 | 0.16% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | reduced | -29.63 | -675 | 2,154 | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 4,177,430 | 4,177,430 | 0.22% |
2023-09-05 | Westshore Wealth, LLC | added | 2.46 | 21,784 | 222,242 | 0.11% |
2023-09-05 | Delos Wealth Advisors, LLC | unchanged | - | 1,118 | 14,737 | 0.02% |
2023-09-01 | Manhattan West Asset Management, LLC | added | 34.65 | 192,761 | 614,525 | 0.23% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Charles Schwab
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 27, 2023 | schwab charles r. | 6.1% | 107,999,275 | SC 13D/A | |
| Feb 09, 2023 | vanguard group inc | 6.93% | 125,888,270 | SC 13G/A | |
| Feb 07, 2023 | blackrock inc. | 5.9% | 106,891,269 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 6.45% | 116,756,598 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 5.8% | 105,444,116 | SC 13G/A | |
| Feb 11, 2021 | dodge & cox | 4.7% | 85,027,078 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 6.24% | 112,096,245 | SC 13G/A | |
| Jan 29, 2021 | blackrock inc. | 5.5% | 102,465,246 | SC 13G | |
| Nov 16, 2020 | schwab charles r | 7.3% | 132,330,681 | SC 13D/A | |
| Oct 16, 2020 | toronto dominion bank | 9.87% | 177,604,934 | SC 13D |
Recent SEC filings of Charles Schwab
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 20, 2023 | 4 | Insider Trading | |
| Sep 18, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 30, 2023 | 4 | Insider Trading | |
| Aug 29, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 24, 2023 | 424B5 | Prospectus Filed | |
| Aug 24, 2023 | 8-K | Current Report | |
| Aug 22, 2023 | 424B5 | Prospectus Filed | |
| Aug 22, 2023 | FWP | Prospectus Filed | |
| Aug 21, 2023 | 4 | Insider Trading | |
| Aug 21, 2023 | 8-K | Current Report |
SCHW Fair Value
Loading...
Peers (Alternatives to Charles Schwab)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
GS | 111.4B | 50.2B | 4.55% | 5.59% | 12.59 | 2.22 | 62.27% | -45.33% |
SCHW | 103.1B | 20.8B | -4.60% | -22.07% | 14.98 | 4.97 | 9.06% | 9.27% |
BLK | 102.1B | 17.4B | 1.77% | 11.39% | 19.68 | 5.88 | -10.46% | -11.12% |
RJF | 22.2B | 12.5B | 1.59% | -1.74% | 12.73 | 1.78 | 13.06% | 16.34% |
MKTX | 8.4B | 733.0M | -10.81% | -5.04% | 33.38 | 11.48 | 5.41% | 4.21% |
| MID-CAP | ||||||||
IBKR | 9.4B | 4.8B | -2.55% | 34.55% | 3.89 | 1.96 | 226.24% | 90.31% |
SEIC | 8.1B | 1.9B | 0.16% | 14.72% | 20.27 | 4.3 | -8.00% | -31.66% |
SF | 7.0B | 4.8B | 3.49% | 12.05% | 11.36 | 1.45 | 2.69% | -21.37% |
SNEX | 2.0B | 60.6B | -4.55% | 12.08% | 8.16 | 0.03 | -1.46% | 48.12% |
| SMALL-CAP | ||||||||
PIPR | 2.2B | 1.3B | 8.06% | 33.63% | 24.93 | 1.7 | -26.95% | -56.14% |
VIRT | 1.7B | 2.2B | -7.59% | -19.58% | 8.51 | 0.76 | -14.47% | -57.71% |
COWN | 1.1B | 1.5B | 0.39% | 32.10% | 14.3 | 0.71 | -27.22% | -74.14% |
AC | 809.1M | 23.7M | 1.46% | -3.28% | 44.23 | 34.21 | 51.04% | 152.07% |
OPY | 415.0M | 1.2B | -0.81% | 14.64% | 12.91 | 0.34 | 4.38% | -66.00% |
GHL | 278.3M | 298.1M | 0.14% | 131.80% | 18.27 | 0.93 | 3.91% | -16.38% |
Charles Schwab News
Returns for SCHW
Cumulative Returns on SCHW
11.5%
10-Year Cumulative Returns
10.2%
7-Year Cumulative Returns
3.1%
5-Year Cumulative Returns
17.5%
3-Year Cumulative Returns
Risks for SCHW
What is the probability of a big loss on SCHW?
82.3%
Probability that Charles Schwab stock will be more than 20% underwater in next one year
57.3%
Probability that Charles Schwab stock will be more than 30% underwater in next one year.
9.6%
Probability that Charles Schwab stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does SCHW drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Charles Schwab was unfortunately bought at previous high price.
Drawdowns
Financials for Charles Schwab
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -2.1% | 20,769 | 21,206 | 20,762 | 19,973 | 19,043 | 18,477 | 18,520 | 17,988 | 15,866 | 13,789 | 11,691 | 10,121 | 10,384 | 10,615 | 10,721 | 10,784 | 10,652 | 10,457 | 10,132 | 9,705 | 9,291 |
| EBITDA | -100.0% | - | 20,928 | 20,070 | 18,608 | 17,046 | 15,894 | 15,743 | 14,863 | 13,054 | 12,052 | 10,800 | 10,222 | 10,857 | 11,400 | 11,713 | 11,828 | 11,697 | 11,381 | - | - | - |
| EBITDA Margin | -100.0% | - | 0.99* | 0.97* | 0.93* | 0.90* | 0.86* | 0.85* | 0.83* | 0.82* | 0.87* | 0.92* | 1.01* | 1.05* | 1.07* | 1.09* | 1.10* | 1.10* | 1.09* | - | - | - |
| Interest Expenses | -2.3% | 11,015 | 11,269 | 10,682 | 9,795 | 8,899 | 8,302 | 8,030 | 7,697 | 7,010 | 6,452 | 6,113 | 5,899 | 6,187 | 6,407 | 6,516 | 6,547 | 6,443 | 6,241 | 5,823 | 5,344 | 4,899 |
| Earnings Before Taxes | -6.0% | 9,076 | 9,659 | 9,388 | 8,813 | 8,147 | 7,592 | 7,713 | 7,166 | 6,044 | 5,213 | 4,300 | 3,936 | 4,283 | 4,631 | 4,848 | 4,946 | 4,929 | 4,824 | 4,562 | 4,305 | 4,031 |
| EBT Margin | -100.0% | - | 0.46* | 0.45* | 0.44* | 0.43* | 0.41* | 0.42* | 0.40* | 0.38* | 0.38* | 0.37* | 0.39* | 0.41* | 0.44* | 0.45* | 0.46* | 0.46* | 0.46* | - | - | - |
| Net Income | -6.8% | 6,885 | 7,384 | 7,183 | 6,795 | 6,301 | 5,773 | 5,855 | 5,410 | 4,582 | 3,988 | 3,299 | 3,016 | 3,269 | 3,535 | 3,704 | 3,787 | 3,759 | 3,688 | 3,507 | 3,169 | 2,864 |
| Net Income Margin | -100.0% | - | 0.35* | 0.35* | 0.34* | 0.33* | 0.31* | 0.32* | 0.30* | 0.29* | 0.29* | 0.28* | 0.30* | 0.31* | 0.33* | 0.35* | 0.35* | 0.35* | 0.35* | - | - | - |
| Free Cashflow | -100.0% | - | 7,947 | 1,086 | 8,721 | 1,536 | 8,887 | 1,202 | 8,967 | 7,120 | -8,669 | 6,221 | -2,759 | 2,648 | 21,313 | 8,617 | 12,137 | 8,068 | 9,026 | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -4.5% | 511,505 | 535,552 | 551,772 | 577,563 | 637,557 | 680,950 | 667,270 | 607,548 | 574,532 | 563,457 | 549,009 | 419,355 | 400,484 | 370,779 | 294,000 | 278,987 | 276,321 | 282,815 | 296,482 | 272,102 | 261,882 |
| Cash Equivalents | -3.1% | 47,651 | 49,162 | 40,195 | 46,486 | 64,550 | 91,126 | 93,338 | 34,323 | 30,337 | 48,182 | 40,348 | 27,465 | 33,574 | 68,458 | 45,577 | 20,252 | 24,199 | 32,558 | 38,227 | 21,830 | 13,250 |
| Net PPE | -0.8% | 3,686 | 3,716 | 3,714 | 3,687 | 3,670 | 3,499 | 3,442 | 3,164 | 3,136 | 3,054 | 2,883 | 2,346 | 2,314 | 2,291 | 2,128 | 2,017 | 1,909 | 1,813 | 1,769 | 1,683 | 1,599 |
| Goodwill | 0% | 11,951 | 11,951 | 11,951 | 11,951 | 11,951 | 11,952 | 11,952 | 11,952 | 11,952 | 11,952 | 11,952 | 10,200 | 1,733 | 1,227 | 1,227 | 1,227 | 1,227 | 1,227 | 1,227 | 1,227 | 1,227 |
| Liabilities | -5.0% | 474,358 | 499,205 | 515,164 | 540,522 | 593,044 | 632,852 | 611,009 | 550,106 | 517,082 | 507,863 | 492,949 | 388,024 | 369,669 | 344,509 | 272,260 | 257,633 | 255,001 | 261,190 | 275,812 | 251,268 | 241,785 |
| Short Term Borrowings | - | - | - | 17,050 | 500 | 1,350 | 4,234 | 4,855 | 3,000 | 3,500 | 2,500 | - | - | - | - | - | - | - | - | - | - | - |
| Long Term Debt | 12.3% | 22,482 | 20,016 | 20,828 | 20,844 | 21,112 | 21,873 | 18,914 | 19,530 | 18,708 | 17,698 | 13,632 | 7,836 | 8,526 | 8,522 | 7,430 | 7,427 | 7,424 | 6,829 | 6,878 | 5,790 | 5,789 |
| Shareholder's Equity | 2.2% | 37,147 | 36,347 | 36,608 | 37,041 | 44,513 | 48,098 | 56,261 | 57,442 | 57,450 | 55,594 | 56,060 | 31,331 | 30,815 | 26,270 | 21,745 | 21,354 | 21,320 | 21,625 | 20,670 | 20,834 | 20,097 |
| Retained Earnings | 2.2% | 32,865 | 32,144 | 31,066 | 29,651 | 28,174 | 26,895 | 25,992 | 24,880 | 23,809 | 23,029 | 21,975 | 21,261 | 20,876 | 20,487 | 19,960 | 19,374 | 18,680 | 18,017 | 17,329 | 16,615 | 15,903 |
| Additional Paid-In Capital | 0.3% | 27,220 | 27,136 | 27,075 | 26,975 | 26,918 | 26,826 | 26,741 | 26,755 | 26,708 | 26,629 | 26,515 | 4,797 | 4,760 | 4,714 | 4,656 | 4,640 | 4,599 | 4,548 | 4,499 | 4,484 | 4,447 |
| Shares Outstanding | -0.8% | 1,820 | 1,834 | - | 1,887 | 1,896 | 1,894 | - | 1,888 | 1,886 | 1,882 | 1,848 | 1,289 | 1,288 | 1,287 | 1,284 | 1,300 | 1,328 | 1,333 | 1,343 | 1,351 | 1,350 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 31.1% | 11,508 | 8,781 | 2,057 | 9,803 | 2,564 | 9,913 | 2,118 | 9,736 | 7,841 | -8,008 | 6,852 | -2,101 | 3,381 | 22,038 | 9,325 | 12,822 | 8,695 | 9,613 | 12,456 | 1,365 | 3,399 |
| Share Based Compensation | -0.6% | 354 | 356 | 366 | 328 | 301 | 298 | 254 | 287 | 272 | 248 | 204 | 176 | 179 | 183 | 183 | 215 | 209 | 203 | 197 | 155 | 152 |
| Cashflow From Investing | 33.8% | 62,496 | 46,719 | 32,048 | -1,185 | -45,896 | -66,147 | -75,663 | -76,376 | -79,425 | -119,813 | -125,851 | -104,740 | -85,929 | -25,517 | 11,964 | -1,276 | -453 | -15,731 | -40,555 | -39,262 | -38,810 |
| Cashflow From Financing | 4.5% | -98,723 | -103,428 | -68,723 | -3,473 | 72,428 | 100,153 | 96,323 | 88,379 | 80,001 | 106,553 | 143,982 | 112,919 | 94,679 | 56,498 | -13,939 | -6,356 | 7,022 | 30,181 | 47,166 | 45,070 | 39,076 |
| Dividend Payments | 2.9% | 2,232 | 2,169 | 2,110 | 2,012 | 1,942 | 1,886 | 1,822 | 1,775 | 1,633 | 1,444 | 1,280 | 1,126 | 1,070 | 1,065 | 1,060 | 1,016 | 970 | 879 | 787 | 715 | 653 |
| Buy Backs | 0% | 6,237 | 6,237 | 3,395 | 1,455 | - | - | - | - | - | - | - | 512 | 2,130 | - | 2,220 | 3,618 | 2,000 | - | 1,000 | - | - |
SCHW Income Statement
2023-06-30Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |||||||||
| Net Revenues | ||||||||||||
| Interest revenue | $ 4,104 | $ 2,710 | $ 8,120 | $ 5,029 | ||||||||
| Interest expense | (1,814) | (166) | (3,060) | (302) | ||||||||
| Net interest revenue | 2,290 | 2,544 | 5,060 | 4,727 | ||||||||
| Total net revenues | 4,656 | 5,093 | 9,772 | 9,765 | ||||||||
| Expenses Excluding Interest | ||||||||||||
| Compensation and benefits | 1,498 | 1,426 | 3,136 | 2,972 | ||||||||
| Professional services | 272 | 258 | 530 | 502 | ||||||||
| Occupancy and equipment | 319 | 294 | 618 | 563 | ||||||||
| Advertising and market development | 103 | 105 | 191 | 207 | ||||||||
| Communications | 188 | 169 | 334 | 313 | ||||||||
| Depreciation and amortization | 191 | 159 | 368 | [1] | 309 | [1] | ||||||
| Amortization of acquired intangible assets | 134 | 154 | 269 | [1] | 308 | [1] | ||||||
| Regulatory fees and assessments | 80 | 67 | 163 | 135 | ||||||||
| Other | 180 | 187 | 362 | 343 | ||||||||
| Total expenses excluding interest | 2,965 | 2,819 | 5,971 | 5,652 | ||||||||
| Income before taxes on income | 1,691 | 2,274 | 3,801 | 4,113 | ||||||||
| Taxes on income | 397 | 481 | 904 | 918 | ||||||||
| Net Income | 1,294 | 1,793 | 2,897 | [1] | 3,195 | [1] | ||||||
| Preferred stock dividends and other | 121 | 141 | 191 | 265 | ||||||||
| Net Income Available to Common Stockholders | $ 1,173 | $ 1,652 | $ 2,706 | $ 2,930 | ||||||||
| Weighted-Average Common Shares Outstanding: | ||||||||||||
| Basic (in shares) | 1,820 | 1,896 | 1,827 | 1,895 | ||||||||
| Diluted (in shares) | 1,825 | 1,904 | 1,834 | 1,905 | ||||||||
| Earnings Per Common Shares Outstanding | ||||||||||||
| Basic (in USD per share) | [2] | $ 0.64 | $ 0.87 | $ 1.48 | $ 1.55 | |||||||
| Diluted (in USD per share) | [2] | $ 0.64 | $ 0.87 | $ 1.48 | $ 1.54 | |||||||
| Asset management and administration fees [Member] | ||||||||||||
| Net Revenues | ||||||||||||
| Revenues from contracts with customers | [3] | $ 1,173 | $ 1,052 | $ 2,291 | $ 2,120 | |||||||
| Trading revenue [Member] | ||||||||||||
| Net Revenues | ||||||||||||
| Revenues from contracts with customers | 803 | 885 | 1,695 | 1,848 | ||||||||
| Bank deposit account fees [Member] | ||||||||||||
| Net Revenues | ||||||||||||
| Revenues from contracts with customers | 175 | 352 | 326 | 646 | ||||||||
| Other [Member] | ||||||||||||
| Net Revenues | ||||||||||||
| Revenues from contracts with customers | $ 215 | $ 260 | $ 400 | $ 424 | ||||||||
| ||||||||||||
SCHW Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash and cash equivalents | [2] | $ 47,651 | [1],[3] | $ 40,195 | |||||
| Cash and investments segregated and on deposit for regulatory purposes (including resale agreements of $5,405 and $12,159 at June 30, 2023 and December 31, 2022, respectively) | [2] | 25,083 | 42,983 | ||||||
| Receivables from brokerage clients — net | [2] | 65,162 | 66,591 | ||||||
| Available for sale securities (amortized cost of $136,874 at June 30, 2023 and $160,162 at December 31, 2022; including assets pledged of $28 and $41, respectively) | [2] | 125,769 | 147,871 | ||||||
| Held to maturity securities (including assets pledged of $8,365 at June 30, 2023 and $4,522 at December 31, 2022) | [2] | 166,328 | 173,074 | ||||||
| Bank loans — net | [2] | 40,061 | 40,505 | ||||||
| Equipment, office facilities, and property — net | [2] | 3,686 | 3,714 | ||||||
| Goodwill | [2] | 11,951 | 11,951 | ||||||
| Acquired intangible assets — net | [2] | 8,524 | 8,789 | ||||||
| Other assets | [2] | 17,290 | 16,099 | ||||||
| Total assets | [2] | 511,505 | 551,772 | ||||||
| Liabilities and Stockholders’ Equity | |||||||||
| Bank deposits | [2] | 304,414 | 366,724 | ||||||
| Payables to brokerage clients | [2] | 84,795 | 97,438 | ||||||
| Accrued expenses and other liabilities | [2] | 13,836 | 13,124 | ||||||
| Other short-term borrowings | [2] | 7,831 | 4,650 | ||||||
| Federal Home Loan Bank borrowings | [2] | 41,000 | 12,400 | ||||||
| Long-term debt | [2] | 22,482 | 20,828 | ||||||
| Total liabilities | [2] | 474,358 | 515,164 | ||||||
| Stockholders’ equity: | |||||||||
| Preferred stock — $.01 par value per share; aggregate liquidation preference of $9,328 and $9,850 at June 30, 2023 and December 31, 2022, respectively | [2] | 9,191 | 9,706 | ||||||
| Additional paid-in capital | [2] | 27,220 | 27,075 | ||||||
| Retained earnings | [2] | 32,865 | 31,066 | ||||||
| Treasury stock, at cost — 253,803,819 and 221,033,042 shares at June 30, 2023 and December 31, 2022, respectively | [2] | (11,420) | (8,639) | ||||||
| Accumulated other comprehensive income (loss) | [2] | (20,730) | (22,621) | ||||||
| Total stockholders’ equity | [2] | 37,147 | 36,608 | ||||||
| Total liabilities and stockholders’ equity | [2] | 511,505 | 551,772 | ||||||
| Common Stock [Member] | |||||||||
| Stockholders’ equity: | |||||||||
| Common stock | [2] | 20 | 20 | ||||||
| Nonvoting Common Stock [Member] | |||||||||
| Stockholders’ equity: | |||||||||
| Common stock | [2] | $ 1 | $ 1 | ||||||
| |||||||||
The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor and mutual fund clearing services, as well as compliance solutions. The Advisor Services segment offers custodial, trading, banking, and support services; and retirement business and corporate brokerage retirement services. This segment provides brokerage accounts with equity and fixed income, margin lending, options, and futures and forex trading; cash management capabilities comprising third-party certificates of deposit; third-party and proprietary mutual funds; plus mutual fund trading and clearing services; and exchange-traded funds (ETFs), including proprietary and third-party ETFs. It also offers advice solutions, such as managed portfolios of proprietary and third-party mutual funds and ETFs, separately managed accounts, customized personal advice for tailored portfolios, and specialized planning and portfolio management. In addition, this segment provides banking products and services, including checking and savings accounts, first lien residential real estate mortgage loans, home equity lines of credit, and pledged asset lines; and trust services comprising trust custody services, personal trust reporting services, and administrative trustee services. As of December 31, 2021, the Company had approximately 400 domestic branch offices in 48 states and the District of Columbia, as well as locations in Puerto Rico, the United Kingdom, Hong Kong, and Singapore. The Charles Schwab Corporation was incorporated in 1971 and is headquartered in Westlake, Texas.