What's Going On With Charles Schwab Shares Today?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 15 2024
0mins
Should l Buy SCHW?
Source: Benzinga
- Financial Performance: Charles Schwab Corporation reported a 17% Y/Y decline in adjusted net income to $1.469 billion for the first quarter of 2024.
- Earnings and Revenue: Adjusted EPS fell 20% Y/Y to $0.74, while revenue dropped 7% to $4.74 billion, slightly exceeding expectations.
- Client Assets and Accounts: The bank had $269.5 billion in deposits, a 17% decrease Y/Y, but attracted $96 billion in core net new assets in Q1 FY24.
- Operational Metrics: Net interest revenue declined by 19% Y/Y, and daily average trades increased by 1% Y/Y to 5.958 million.
- Leadership Statements: CEO Walt Bettinger highlighted growth in wealth solutions, while CFO Peter Crawford mentioned expense management and profit margins.
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Analyst Views on SCHW
Wall Street analysts forecast SCHW stock price to rise
16 Analyst Rating
14 Buy
1 Hold
1 Sell
Strong Buy
Current: 93.770
Low
91.00
Averages
116.64
High
148.00
Current: 93.770
Low
91.00
Averages
116.64
High
148.00
About SCHW
The Charles Schwab Corporation is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services, and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, and banking and trust services to individual investors, and retirement plan and business services, as well as other corporate brokerage services, to businesses and their employees. The Advisor Services segment provides custodial, trading, banking and trust, and support services to independent registered investment advisors (RIAs), independent retirement advisors, and recordkeepers. Its products and services include brokerage, mutual funds, exchange-traded funds (ETFs), managed investing solutions, alternative investments, banking, and trust.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Charles Schwab to Launch Spot Crypto Trading This Year
- Spot Crypto Trading Initiative: Charles Schwab plans to launch spot crypto trading this year, starting with Bitcoin and Ethereum, the two largest cryptocurrencies by market cap, which is expected to attract existing clients to transfer assets and enhance the company's competitive position in the market.
- Market Share Advantage: Schwab estimates that its clients hold approximately 20% of the spot crypto exchange-traded product market, indicating the firm's potential influence in the crypto asset space and its ability to attract more investors to its platform.
- Client Demand Insight: CEO Rick Wurster noted that clients are eager to combine existing investments with crypto assets, highlighting the growing demand for secure and reliable crypto trading platforms, which could drive the company's success in the financial markets.
- Market Dynamics Response: While Schwab's stock ticked down 0.1% in premarket trading, Bitcoin and Ethereum prices rose by 0.6% and 1.7%, respectively, reflecting ongoing market interest in crypto assets, which may positively impact Schwab's trading platform.
See More
Charles Schwab's Trading Activity Index Declines Significantly
- Index Decline: Charles Schwab's Trading Activity Index (STAX) fell to 56.04 in March from 57.32 in February, marking the steepest monthly drop since May 2025, indicating a growing caution among retail investors.
- Investor Sentiment Shift: In the wake of the Iran war, clients shifted their focus towards diversified exchange-traded funds (ETFs) rather than individual stocks, suggesting that increased market volatility is prompting investors to seek broader products to mitigate risk.
- Generational Sentiment Changes: While both Millennials and Baby Boomers saw declines in their STAX scores, long-term bullish sentiment among Gen-X slightly decreased, and negative sentiment in Gen-Z also declined, indicating a shift in market perspectives across different generations.
- Stock Preferences: Popular stocks purchased by clients included NVIDIA, Microsoft, Tesla, Micron Technology, and Amazon, while net sold stocks included Broadcom, Netflix, Advanced Micro Devices, Circle Internet Group, and Occidental Petroleum, reflecting a notable change in investor preferences.
See More
Schwab Clients Show Slightly Bearish Sentiment in March
- STAX Index Decline: The Schwab Trading Activity Index (STAX) fell to 56.04 in March, down 2.23% from February's 57.32, marking the sharpest monthly decline since last May, indicating a cautious sentiment among clients amid rising market volatility.
- ETF Investment Trend: In March, five of the top ten net buys by Schwab clients were ETFs rather than individual stocks, reflecting a shift towards diversified ETF investments to mitigate risk, suggesting that changing market conditions are prompting a reevaluation of investment strategies.
- Market Volatility Impact: The S&P 500 Index dropped over 7% in March, the steepest monthly decline since September 2022, with client sentiment weakened by concerns over the war and persistently high oil prices, particularly affecting younger investors who exhibited increased bearishness.
- Secondary Economic Data: Although March's economic indicators, such as a 92,000 drop in nonfarm payrolls and a higher-than-expected Producer Price Index (PPI), pointed to economic concerns, investor focus remained primarily on oil prices and geopolitical risks, highlighting worries about the economic outlook.
See More
AI's Potential to Replace Human Financial Advisors Raises Legal Concerns
- AI Financial Capability: Finance experts indicate that the financial capabilities of AI platforms are improving, suggesting that they may replace human financial advisors in the future; however, the absence of fiduciary duty raises significant legal challenges.
- Lack of Legal Accountability: Experts emphasize that AI lacks fiduciary responsibility and cannot bear the same consequences for mistakes as human advisors, necessitating caution for consumers relying on AI for specific personal finance calculations.
- Consumer Trust Levels: A survey reveals that 66% of Americans have used generative AI for financial advice, with 85% acting on the recommendations, indicating a growing consumer trust in AI, yet the unresolved legal accountability remains a concern.
- Need for Policy Change: Experts advocate for changes in government policy to provide fiduciary protections for consumers receiving financial advice from AI, as until such legal frameworks are established, consumers must remain vigilant in their financial decision-making.
See More
Concerns Rise Over Corporate Exodus from New York City
- Corporate Exodus Risk: Concerns about a corporate exodus are heightened as Apollo Global Management considers establishing a second headquarters in a southern state, which could amplify opposition to tax and real estate policies during Mayor Zohran Mamdani's term, potentially impacting the city's economic growth.
- Budget Deficit Challenge: Facing a $5.4 billion budget deficit, Mamdani's administration advocates for taxing the wealthy, but its conflict with Governor Kathy Hochul over tax policies may lead to corporate caution regarding future investments, further affecting New York's business environment.
- Office Market Dynamics: Despite the risk of exodus, JLL reports that leasing volume for high-quality office space in Manhattan reached 8.5 million square feet in Q1 2026, with vacancies dropping by 2.2 percentage points to 13.5%, indicating that companies are still competing for premium office space, driving rents up by 3.5%.
- AI Sector Driving Leasing: Leasing activity from AI companies accounted for half of 2025's total leasing volume in Manhattan, with Nscale Global Holdings' lease at One Vanderbilt setting a record rent of $320 per square foot, reflecting strong demand for premium office space while introducing uncertainty into the market.
See More
Analyst Cuts Schwab Price Target Amid Volatility
- Price Target Adjustment: Truist Securities analyst David Smith lowered Charles Schwab's price target from $122 to $120 per share while maintaining a buy rating; however, this led to a nearly 2% drop in share price, indicating investor sensitivity to short-term volatility.
- Earnings Forecast Increase: Despite expectations of lower trading revenue in the short term, Smith raised his earnings estimates for 2026 and 2027 to $5.95 and $7.30 per share respectively, reflecting confidence in the company's long-term profitability.
- Market Environment Analysis: The analyst noted that while the Iran war pressures the global economy, Schwab's diverse brokerage services are expected to provide stronger insulation against economic shocks, potentially positioning it as a significant player in the market.
- Investment Advice: Although Schwab is still viewed as a worthy investment, the Motley Fool analyst team did not include it in their current top ten stocks, advising investors to carefully consider market dynamics when making investment decisions.
See More
Charles Schwab to Launch Spot Crypto Trading This Year
- Spot Crypto Trading Initiative: Charles Schwab plans to launch spot crypto trading this year, starting with Bitcoin and Ethereum, the two largest cryptocurrencies by market cap, which is expected to attract existing clients to transfer assets and enhance the company's competitive position in the market.
- Market Share Advantage: Schwab estimates that its clients hold approximately 20% of the spot crypto exchange-traded product market, indicating the firm's potential influence in the crypto asset space and its ability to attract more investors to its platform.
- Client Demand Insight: CEO Rick Wurster noted that clients are eager to combine existing investments with crypto assets, highlighting the growing demand for secure and reliable crypto trading platforms, which could drive the company's success in the financial markets.
- Market Dynamics Response: While Schwab's stock ticked down 0.1% in premarket trading, Bitcoin and Ethereum prices rose by 0.6% and 1.7%, respectively, reflecting ongoing market interest in crypto assets, which may positively impact Schwab's trading platform.
See More
Charles Schwab's Trading Activity Index Declines Significantly
- Index Decline: Charles Schwab's Trading Activity Index (STAX) fell to 56.04 in March from 57.32 in February, marking the steepest monthly drop since May 2025, indicating a growing caution among retail investors.
- Investor Sentiment Shift: In the wake of the Iran war, clients shifted their focus towards diversified exchange-traded funds (ETFs) rather than individual stocks, suggesting that increased market volatility is prompting investors to seek broader products to mitigate risk.
- Generational Sentiment Changes: While both Millennials and Baby Boomers saw declines in their STAX scores, long-term bullish sentiment among Gen-X slightly decreased, and negative sentiment in Gen-Z also declined, indicating a shift in market perspectives across different generations.
- Stock Preferences: Popular stocks purchased by clients included NVIDIA, Microsoft, Tesla, Micron Technology, and Amazon, while net sold stocks included Broadcom, Netflix, Advanced Micro Devices, Circle Internet Group, and Occidental Petroleum, reflecting a notable change in investor preferences.
See More
Schwab Clients Show Slightly Bearish Sentiment in March
- STAX Index Decline: The Schwab Trading Activity Index (STAX) fell to 56.04 in March, down 2.23% from February's 57.32, marking the sharpest monthly decline since last May, indicating a cautious sentiment among clients amid rising market volatility.
- ETF Investment Trend: In March, five of the top ten net buys by Schwab clients were ETFs rather than individual stocks, reflecting a shift towards diversified ETF investments to mitigate risk, suggesting that changing market conditions are prompting a reevaluation of investment strategies.
- Market Volatility Impact: The S&P 500 Index dropped over 7% in March, the steepest monthly decline since September 2022, with client sentiment weakened by concerns over the war and persistently high oil prices, particularly affecting younger investors who exhibited increased bearishness.
- Secondary Economic Data: Although March's economic indicators, such as a 92,000 drop in nonfarm payrolls and a higher-than-expected Producer Price Index (PPI), pointed to economic concerns, investor focus remained primarily on oil prices and geopolitical risks, highlighting worries about the economic outlook.
See More
AI's Potential to Replace Human Financial Advisors Raises Legal Concerns
- AI Financial Capability: Finance experts indicate that the financial capabilities of AI platforms are improving, suggesting that they may replace human financial advisors in the future; however, the absence of fiduciary duty raises significant legal challenges.
- Lack of Legal Accountability: Experts emphasize that AI lacks fiduciary responsibility and cannot bear the same consequences for mistakes as human advisors, necessitating caution for consumers relying on AI for specific personal finance calculations.
- Consumer Trust Levels: A survey reveals that 66% of Americans have used generative AI for financial advice, with 85% acting on the recommendations, indicating a growing consumer trust in AI, yet the unresolved legal accountability remains a concern.
- Need for Policy Change: Experts advocate for changes in government policy to provide fiduciary protections for consumers receiving financial advice from AI, as until such legal frameworks are established, consumers must remain vigilant in their financial decision-making.
See More
Concerns Rise Over Corporate Exodus from New York City
- Corporate Exodus Risk: Concerns about a corporate exodus are heightened as Apollo Global Management considers establishing a second headquarters in a southern state, which could amplify opposition to tax and real estate policies during Mayor Zohran Mamdani's term, potentially impacting the city's economic growth.
- Budget Deficit Challenge: Facing a $5.4 billion budget deficit, Mamdani's administration advocates for taxing the wealthy, but its conflict with Governor Kathy Hochul over tax policies may lead to corporate caution regarding future investments, further affecting New York's business environment.
- Office Market Dynamics: Despite the risk of exodus, JLL reports that leasing volume for high-quality office space in Manhattan reached 8.5 million square feet in Q1 2026, with vacancies dropping by 2.2 percentage points to 13.5%, indicating that companies are still competing for premium office space, driving rents up by 3.5%.
- AI Sector Driving Leasing: Leasing activity from AI companies accounted for half of 2025's total leasing volume in Manhattan, with Nscale Global Holdings' lease at One Vanderbilt setting a record rent of $320 per square foot, reflecting strong demand for premium office space while introducing uncertainty into the market.
See More
Analyst Cuts Schwab Price Target Amid Volatility
- Price Target Adjustment: Truist Securities analyst David Smith lowered Charles Schwab's price target from $122 to $120 per share while maintaining a buy rating; however, this led to a nearly 2% drop in share price, indicating investor sensitivity to short-term volatility.
- Earnings Forecast Increase: Despite expectations of lower trading revenue in the short term, Smith raised his earnings estimates for 2026 and 2027 to $5.95 and $7.30 per share respectively, reflecting confidence in the company's long-term profitability.
- Market Environment Analysis: The analyst noted that while the Iran war pressures the global economy, Schwab's diverse brokerage services are expected to provide stronger insulation against economic shocks, potentially positioning it as a significant player in the market.
- Investment Advice: Although Schwab is still viewed as a worthy investment, the Motley Fool analyst team did not include it in their current top ten stocks, advising investors to carefully consider market dynamics when making investment decisions.
See More
