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Schwab

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Walter W. Bettinger II's photo - President & CEO of Schwab

President & CEO

Walter W. Bettinger II

CEO Approval Rating

60/100

Founded:

1971

Status:

PublicIndependent CompanyNYSESCHW

SCHWAB TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

REVENUE

Schwab's company profile
Walter W. Bettinger II's photo - President & CEO of Schwab

Walter W. Bettinger II

President & CEO

60/100
19,500
$2.3B
$18B
View Profile
1
Schwab's Competitor - Robinhood logo
Vlad Tenev's photo - Co-Founder & CEO of Robinhood

Vlad Tenev

Co-Founder & CEO

89/100
2,100
$5.5B
$1.8B
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2
Schwab's Competitor - T. Rowe Price logo
William J. Stromberg's photo - President & CEO of T. Rowe Price

William J. Stromberg

President & CEO

75/100
7,022
$205.9M
$7.4B
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3
Schwab's Competitor - E*TRADE logo
Michael A. Pizzi's photo - CEO of E*TRADE

Michael A. Pizzi

CEO

63/100
4,100
- -
$2.9B
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4
Schwab's Competitor - Goldman Sachs logo
David M. Solomon's photo - Chairman & CEO of Goldman Sachs

David M. Solomon

Chairman & CEO

66/100
36,600
$16B
$58.4B
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5
Schwab's Competitor - Fidelity Investments logo
Abigail P. Johnson's photo - Chairman & CEO of Fidelity Investments

Abigail P. Johnson

Chairman & CEO

81/100
52,000
$3.6B
$21B
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6
Schwab's Competitor - TD Ameritrade logo
Stephen J. Boyle's photo - Interim-CEO of TD Ameritrade

Stephen J. Boyle

Interim-CEO

77/100
9,500
$35.3M
$6.9B
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7
Schwab's Competitor - Ally logo
Jeffrey J. Brown's photo - CEO of Ally

Jeffrey J. Brown

CEO

77/100
8,200
$2.4B
$8B
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8
Schwab's Competitor - Franklin Templeton logo
Jennifer M. Johnson's photo - President & CEO of Franklin Templeton

Jennifer M. Johnson

President & CEO

60/100
9,600
$9B
$16.9B
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9
Schwab's Competitor - Raymond James logo
Paul C. Reilly's photo - Chairman & CEO of Raymond James

Paul C. Reilly

Chairman & CEO

88/100
14,200
- -
$9.7B
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Missing a competitor? Contribute!

Robinhood is a top competitor of Schwab. Robinhood is a Public company that was founded in 2012 in Menlo Park, California. Robinhood operates in the Fintech industry. Compared to Schwab, Robinhood has 17,170 fewer employees.

T. Rowe Price is seen as one of Schwab's biggest rivals. T. Rowe Price was founded in 1937, and is headquartered in Baltimore, Maryland. T. Rowe Price is in the Asset & Investment Management industry. T. Rowe Price generates $10.5B less revenue vs. Schwab.

E*TRADE is seen as one of Schwab's top competitors. E*TRADE was founded in New York, New York} in 1982. E*TRADE competes in the Investment Banking & Brokerage industry. Compared to Schwab, E*TRADE generates $15.1B less revenue.

Schwab Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$18B

Schwab's revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 15.1B. Over the last three quarters, Schwab's revenue has grown by 8.4%. Specifically, in Q2 2021's revenue was $4.5B; in Q1 2021, it was $4.7B; in Q4 2020, it was $4.2B.

Schwab Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION

-

Technology Capabilities, Motif

May 2020

Source »
undisclosed
-
Wasmer, Schroeder & Company, LLC

Feb 2020

Source »
undisclosed
Wasmer Schroeder is an investment advisory firm that provides tax-exempt and fixed income management services for businesses.
TD Ameritrade Holding Corp.

Nov 2019

Source »
$26B
TD Ameritrade is a financial service firm that provides online brokerage, stock trading, investing and cash management services.

-

Investment Management Unit of USAA

Jul 2019

Source »
$1.8B
-
thomaspartnersim

Oct 2012

Source »
undisclosed
-

These are all the companies that Schwab has acquired. Schwab has acquired 10 companies and its latest acquisition was Technology Capabilities, Motif in May 2020.

Schwab Funding History

Since Schwab was founded in 1971, it has participated in 2 rounds of funding. In total Schwab has raised $2.2B. Schwab's last funding round was on May 2021 for a total of $2.2B

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Post-IPO Debt
May 2021
$2.3B
-
IPO
Sep 1987
--
-

Since Schwab was founded in 1971, it has participated in 2 rounds of funding. In total Schwab has raised $2.2B. Schwab's last funding round was on May 2021 for a total of $2.2B

Schwab Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Alchemy is a California-based SaaS platform that offers solutions such as blockchain-enabled infrastructure and developer tools for businesses.
$80M
Apr 11, 2021
-
MEMX is a trading platform that offers listings, clearing and registry services for retail broker-dealers and financial firms.
$70M
Jan 06, 2019
-
Pearl.com provides an online platform which allows customers to ask questions and verified experts answer them for a fee.
$25.7M
Aug 10, 2012
-
Pearl.com provides an online platform which allows customers to ask questions and verified experts answer them for a fee.
$25M
Jun 19, 2012
-

These are all the companies that Schwab has invested in. Schwab has invested 4 companies and its latest investment was Alchemy in Apr 11,. Alchemy is a California-based SaaS platform that offers solutions such as blockchain-enabled infrastructure and developer tools for businesses.

Schwab News

November 12, 2021MarketScreener

View October 2021 SMART Supplement

(marketscreener.com) The Charles Schwab Corporation Supplemental Monthly Client Metrics For October 2... See more »
November 4, 2021MarketScreener

Schwab Advisor Services Hosts Second Technology Forum for Third-Party Technology Providers Serving Independent Advisors

(marketscreener.com) Two-day event shared Schwab/TD Ameritrade Institutional custody integration road... See more »
October 26, 2021MarketScreener

Schwab Declares Common Stock Dividend and Declares Preferred Stock Dividends

(marketscreener.com) The Board of Directors of The Charles Schwab Corporation at its meeting today de... See more »
October 25, 2021InvestmentNews

Schwab names Rick Wurster president

Schwab names Rick Wurster president... See more »
October 21, 2021InvestmentNews

Schwab to begin transitioning TD Ameritrade accounts in 2022

The process of switching investment accounts from one firm to the another is one of the most anxiety ... See more »
October 19, 2021Benzinga

Charles Schwab Q3 Earnings

Charles Schwab(NYSE:SCHW) stock fell by 0.43% on Monday after the company reported its Q3 earnings re... See more »

Schwab Blogs

November 10, 2015CHARLES SCHWAB BLOG

Switching Careers: From Defense to Finance

After my four years of active duty in the U.S. Army ended in 2001, I struggled with what to do next. ... See more »
September 8, 2015CHARLES SCHWAB BLOG

5 Toxic Coworkers & How to Deal with Them

Having spent about 20 years in the workforce, I've crossed the paths of quite a menagerie of colleagu... See more »
August 4, 2015CHARLES SCHWAB BLOG

#Joblove: Techniques for Crafting the Job of Your Dreams

In my post A Career... Without College? I shared how I landed in human resources without a formal edu... See more »
July 21, 2015CHARLES SCHWAB BLOG

Time to Get Organized: Steps to Start

Some people are "naturally" organized, some are not. I would place myself in the second category, and... See more »
July 7, 2015CHARLES SCHWAB BLOG

How to Improve Your Online Brand in 7 Days

Let's face it: social media and the internet have taken over our lives! Perceptions and desires that ... See more »
June 9, 2015CHARLES SCHWAB BLOG

Three Reasons to Always Be Networking

As a Schwabbie who landed her current role through networking, I jumped at the chance to share my exp... See more »
May 13, 2015CHARLES SCHWAB BLOG

Tipping the Scale: Finding Balance as a Working Parent

We all play many roles in life. From spouse to child to friend to colleague, most of us are striving ... See more »

Schwab Press Releases

July 13, 2021centralcharts

Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Charles Schwab Corp.

The law firm of Kirby McInerney LLP is investigating potential claims against Charles Schwab Corporat... See more »
July 7, 2021PR-Inside

Bronstein, Gewirtz & Grossman, LLC Notifies Investors of The Charles ...

(PR-inside.com) NEW YORK, NY / ACCESSWIRE / July 7, 2021 / Bronstein, Gewirtz & Grossman, LLC is inve... See more »
June 23, 2021centralcharts

Schwab Advisor Services Announces Digital Account Onboarding

Schwab Advisor Services announced today that its new digital onboarding capabilities will be availabl... See more »
March 23, 2021Business Wire

Schwab Announces Depositary Shares Offering

WESTLAKE, Texas--(BUSINESS WIRE)-- #CharlesSchwab--The Charles Schwab Corporation announced an underw... See more »
March 18, 2021Business Wire

Tenth Edition of Schwab's ETF Investor Study Shows Strong and Growing Appetite for ETFs

WESTLAKE, Texas--(BUSINESS WIRE)-- #BabyBoomers--Tenth edition of Schwab's ETF Investor Study shows s... See more »
January 19, 2021Business Wire

Schwab Reports Fourth Quarter Earnings Per Share of $.57 GAAP, $.74 Adjusted (1), Bringing Full-Year Results to $2.12 and $2.45, Respectively

WESTLAKE, Texas--(BUSINESS WIRE)--Charles Schwab reports fourth quarter earnings. The company's finan... See more »
December 14, 2020Business Wire

Schwab Asset Management Solutions Recognized by Pensions & Investments as a Best Place to Work in Money Management

SAN FRANCISCO--(BUSINESS WIRE)--Schwab Asset Management Solutions announced that it's been named to P... See more »

Schwab Videos

Social Media

Schwab Headquarters

211 Main Street

San Francisco, California94105

415-667-7000

Driving Directions »

Trending Companies

Schwab Summary

ABOUT

Overview

Charles Schwab provides a full range of securities, brokerage, banking, money management and financial advisory services. It was founded by Charles R. "Chuck" Schwab in 1973 and headquartered in San Francisco, California with 14,600 employees who sha...

CEO

Schwab's President & CEO, Walter W. Bettinger II, currently has an approval rating of 60%. Schwab's primary competitors are Robinhood, T. Rowe Price & E*TRADE.

Website

schwab.com

Frequently Asked Questions about Schwab

  1. When was Schwab founded?

    Schwab was founded in 1971
  2. Who is Schwab's CEO?

    Schwab's CEO is Walter W. Bettinger II
  3. How much revenue does Schwab generate?

    Schwab generates $18B in revenue
  4. How much funding does Schwab have?

    Schwab has historically raised $2.3B in funding
  5. Where is Schwab's headquarters?

    Schwab's headquarters is in San Francisco California, USA
  1. How many employees does Schwab have?

    Schwab has 19,500 employees
  2. What sector does Schwab operate in?

    Schwab is in Insurance Brokers, Asset & Investment Management
  3. Who are Schwab's competitors?

    Schwab's top competitors are Robinhood, T. Rowe Price, E*TRADE
  4. Who has Schwab invested in?

    Schwab's has invested in companies such as Alchemy, MembersX Holdings, LLC, JustAnswer