
The Charles Schwab Corporation (SCHW) operates as a leading savings and loan holding company with an impressive market cap of $110.6 billion. Headquartered in Westlake, Texas, it provides a wide range of financial services, including wealth management, securities brokerage, banking, asset management, and financial advisory, both in the U.S. and internationally.
The prominent financial services company has struggled to keep pace with the broader market over the past year. SCHW stock has declined 5.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 15.1%. In 2024, SCHW stock dipped 9.6%, underperforming the SPX’s 9% increase on a YTD basis.