Charles Schwab (SCHW) Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Charles Schwab in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SCHW shares.
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16 Wall Street research analysts have issued 12-month price targets for Charles Schwab's shares. Their SCHW share price forecasts range from $53.00 to $86.00. On average, they predict the company's stock price to reach $72.28 in the next year. This suggests a possible upside of 40.9% from the stock's current price.
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Charles Schwab's stock was trading at $83.26 at the start of the year. Since then, SCHW shares have decreased by 38.4% and is now trading at $51.3150.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 16th 2023.
View our SCHW earnings forecast.

The Charles Schwab Co. (NYSE:SCHW) announced its earnings results on Tuesday, July, 18th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.04. The financial services provider earned $4.66 billion during the quarter, compared to analysts' expectations of $4.61 billion. Charles Schwab had a trailing twelve-month return on equity of 27.54% and a net margin of 33.15%. The firm's revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 EPS.

Charles Schwab declared a quarterly dividend on Thursday, July 27th. Shareholders of record on Friday, August 11th will be paid a dividend of $0.25 per share on Friday, August 25th. This represents a $1.00 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, August 10th.
Read our dividend analysis for SCHW.

ETFs with the largest weight of Charles Schwab (NYSE:SCHW) stock in their portfolio include iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), TrueShares Low Volatility Equity Income ETF (DIVZ), Long Cramer ETF (LJIM), God Bless America ETF (YALL), Kovitz Core Equity ETF (EQTY), Gabelli Growth Innovators ETF (GGRW), Future Fund Long/Short ETF (FFLS) and Gabelli Financial Services Opportunities ETF (GABF).

Charles Schwab (NYSE:SCHW) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.82%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SCHW will have a dividend payout ratio of 24.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SCHW.

Charles Schwab updated its FY 2023 earnings guidance on Tuesday, July, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $19.10 billion-$19.31 billion, compared to the consensus revenue estimate of $19.41 billion.

1,585 employees have rated Charles Schwab Chief Executive Officer Walt Bettinger II on Glassdoor.com. Walt Bettinger II has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Charles Schwab investors own include Chipotle Mexican Grill (CMG), Endologix (ELGX), Micron Technology (MU), Citigroup (C), JPMorgan Chase & Co. (JPM), Wells Fargo & Company (WFC), Accenture (ACN) and Bank of America (BAC).

Charles Schwab trades on the New York Stock Exchange (NYSE) under the ticker symbol "SCHW."

Charles Schwab's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Park National Corp OH (0.01%). Insiders that own company stock include Bernard J Clark, Carolyn Schwab-Pomerantz, Charles A Ruffel, Charles R Schwab, Christopher V Dodds, Frank C Herringer, Joan Dea, Jonathan M Craig, Jonathan M Craig, Joseph R Martinetto, Marianne Catherine Brown, Mark A Goldfarb, Nigel J Murtagh, Nigel J Murtagh, Paula A Sneed, Peter B Crawford, Peter J Morgan III, Richard A Wurster, Roger O Walther, Todd M Ricketts, Walter W Bettinger, Walter W Bettinger and William S Haraf.
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Shares of SCHW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SCHW stock can currently be purchased for approximately $51.32.

Charles Schwab (NYSE:SCHW) has a market capitalization of $90.84 billion and generates $20.76 billion in revenue each year. The financial services provider earns $7.18 billion in net income (profit) each year or $3.43 on an earnings per share basis.

The company employs 35,300 workers across the globe.

Charles Schwab's mailing address is 211 MAIN STREET, SAN FRANCISCO CA, 94105. The official website for the company is www.aboutschwab.com. The financial services provider can be reached via phone at (817) 859-5000, via email at investor.relations@schwab.com, or via fax at 415-627-8538.