Charles Schwab Corp (SCHW)

In November 2025, Charles Schwab agreed to acquire Forge Global for $660 million. Analysts have reiterated positive recommendations and raised price targets for SCHW, with TD Cowen boosting its price target to $134 in October 2025 and Citizens raising its target to $120 in January 2026. Charles Schwab reported an EPS beat in October 2025 ($1.31 vs. $1.25 consensus) and revenue of $6.38 billion, up 26.6% year-over-year. The company declared a quarterly dividend of $0.27 per share, which was paid in November 2025. The Schwab Trading Activity Index (STAX) showed a rise for six consecutive months leading up to November 2025, but eased slightly in December 2025. Schwab released its 2026 market outlook in December 2025 and announced enhancements to its trading experience. TD Bank sold its stake in Schwab in early 2025. Rick Wurster assumed the CEO position on January 1, 2025, replacing Walt Bettinger.

While specific detailed seasonality data is not explicitly provided, general trends suggest certain seasonal patterns. The Schwab Trading Activity Index (STAX) in December 2025 showed modest net client selling, attributed to typical year-end portfolio repositioning. Demand for financial services related to retirement planning and tax-advantaged investments may increase around tax deadlines. General market seasonality can be influenced by economic cycles, investor behavior, and institutional adjustments. The beginning of a new year often sees individuals setting financial goals, potentially increasing new account openings and investment activity. Expectations of interest rate changes could influence client behavior and demand for certain banking and lending products. Demand for brokerage and investment services is generally tied to overall market sentiment and activity.

The Charles Schwab Corporation is a multinational financial services company operating as a savings and loan holding company, providing wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to retail and institutional clients. Its services include brokerage, investment products, wealth management, banking, retirement, and advisor services.

The Charles Schwab Corporation has a significant presence primarily in the United States, with over 380 branches across 48 states and the District of Columbia. Beyond the U.S., the company also operates in key international financial centers, including the United Kingdom, Hong Kong, Singapore, and Puerto Rico. Its corporate headquarters is located in Westlake, Texas.

Charles Schwab has maintained a strong brand reputation through its client-centric approach and innovation. The company attracted 606,000 new-to-firm households in the first half of 2025 and saw over $10 billion in net flows in wealth management services. Schwab is recognized as a leader in crypto ETPs, holding $25 billion of client assets as of January 2026, and has over 40% market share in registered investment advisor custody. Positive analyst ratings and increased price targets reflect a favorable view of Schwab's financial health. Schwab announced it would match the U.S. government's $1,000 contribution to eligible newborn children of its employees. Ongoing digital transformation and operational enhancements are expected to reduce costs and improve client experience.

The ownership structure of The Charles Schwab Corporation is primarily institutional, with a significant portion also held by individual investors and insiders. Approximately 51.46% to 84.38% of the company's stock is owned by institutional investors and hedge funds, including Vanguard Group Inc. and BlackRock, Inc. Charles R. Schwab, the founder, owns 12.02% of the company's shares, and individual investors hold around 5.71% to 19.22% of the stock. Insiders collectively own approximately 5.69% to 12.76% of the company's stock.