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With a market cap of $128.57 billion, Charles Schwab Corporation (SCHW) operates as a leading savings and loan holding company. Headquartered in Westlake, Texas, it provides a wide range of financial services, including wealth management, securities brokerage, banking, asset management, and financial advisory, both in the U.S. and internationally. Known for its robust technology platform, Schwab serves millions of individual and institutional clients, helping them achieve their financial goals.
Charles Schwab has outperformed the broader market over the last year. The stock has gained 39.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 27.1%. But in 2024, SCHW stock gained 5.5%, underperforming the SPX’s 10.4% increase on a YTD basis.