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Charles Schwab Corp SCHW Stock Quote

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Morningstar‘s Stock Analysis SCHW

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Is it the right time to buy or sell?

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Decreasing Our Fair Value Estimate for Schwab to $84 Due to Market Depreciation

Michael Wong, CFA, CPA Sector Director

Business Strategy and Outlook

| Michael Wong, CFA, CPA |

We assess that a combined Charles Schwab-TD Ameritrade is a financial sector powerhouse that will be able to compete in an environment where traditional industry lines have increasingly blurred. The combined firm had over $7 trillion of client assets as of the end of May 2022, which compares favorably with the largest wealth managers, asset managers, and banks. In addition to its pure scale and efficient business model, both companies have a history of adapting to new sector trends, so we are confident that together they will be a key financial sector player over the next decade. With expense synergies to be realized over the next two years and much of the revenue synergies tied to the gradual movement of client cash from Toronto-Dominion Bank to Charles Schwab, the combined firm should experience a prolonged earnings tailwind.

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Key Statistics SCHW

Company Profile SCHW

Business Description

Charles Schwab operates in brokerage, banking, and asset-management businesses. The company runs a large network of brick-and-mortar brokerage branch offices, a well-established online investing website, and has mobile trading capabilities. It also operates a bank and a proprietary asset management business and offers services to independent investment advisors. The company is among the largest firms in the investment business, with over $8 trillion of client assets at the end of 2021. Nearly all of its revenue is from the United States.

3000 Schwab Way
Westlake, TX, 76262
T +1 817 859-5000
Industry Capital Markets
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 35,200

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