Charles Schwab (SCHW) Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Charles Schwab in the last year. There are currently 2 sell ratings, 2 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SCHW shares.
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17 brokerages have issued twelve-month price targets for Charles Schwab's shares. Their SCHW share price forecasts range from $53.00 to $86.00. On average, they expect the company's share price to reach $72.09 in the next twelve months. This suggests a possible upside of 12.5% from the stock's current price.
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Charles Schwab's stock was trading at $83.26 at the beginning of 2023. Since then, SCHW stock has decreased by 23.0% and is now trading at $64.08.
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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) posted 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 the consensus estimate 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 business's revenue was down 8.6% compared to the same quarter last year. During the same period last year, the business earned $0.97 earnings per share.

Charles Schwab announced a quarterly dividend on Thursday, July 27th. Stockholders of record on Friday, August 11th will be given a dividend of $0.25 per share on Friday, August 25th. This represents a $1.00 annualized dividend and a dividend yield of 1.56%. 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 Tracker 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 1.56%. 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 23.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SCHW.

Charles Schwab issued an update on its FY 2023 earnings guidance on Tuesday, July, 25th. The company provided earnings per share (EPS) 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), Honeywell International (HON), 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 variety of retail and institutional investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (54.59%), BlackRock Inc. (5.40%), Geode Capital Management LLC (1.53%), Flossbach Von Storch AG (1.04%), Fisher Asset Management LLC (1.02%) and Northern Trust Corp (0.86%). 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 $64.08.

Charles Schwab (NYSE:SCHW) has a market capitalization of $113.44 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.