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Even after buying the $1.5 billion in stock, Schwab will still have $7.2 billion remaining under its existing stock-buyback program.
Currently, TD Bank holds 184.7 million shares of the brokerage giant's common stock.
WESTLAKE, Texas--(BUSINESS WIRE)--Schwab Asset Management®, the asset management arm of The Charles Schwab Corporation, announced that today is the first day of trading of the Schwab Core Bond ETF (NYSE Arca: SCCR). It's Schwab Asset Management's second actively managed fixed income ETF and is designed based on the investment process used for the Wasmer Schroeder Core Bond Separately Managed Account (SMA) strategy. 1 The Schwab Core Bond ETF seeks to provide total return while generating income.
The SPDR S&P 500 ETF Trust starts 2025 on a positive note gaining 2.67% in January. The Top 15 dividend growth stocks for February 2025 offer an average dividend yield of 1.64% and appear to be about 25% undervalued based on dividend yield theory. Since its inception in September 2020, the watch list has achieved a 11.03% compound annual growth rate.
Investors may keep a tab on stocks like FBK, OFG, UTL, SCHW and AJG, which have lately hiked their dividend payments.
Focus on companies with proven business models, strong management, and potential for long-term market share growth in large industries. M&T Bank, Ashtead Group, Installed Building Products, Fiserv, Ferguson, Kinsale Capital Group, Align Technologies, and Medpace Holdings are highlighted investments. Emphasis on conservative financial practices, market dominance, and strategic capital deployment to drive future growth and shareholder value.
Charles Schwab (SCHW) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Charles Schwab reported solid Q4 earnings, driven by high net interest margins, strong customer acquisition, and significant new asset inflows. The brokerage beat Q4 estimates, with non-GAAP earnings and net revenue exceeding predictions. Charles Schwab attracted $115B in core net new assets in Q4 and continued to post high ROEs of 36%.
Charles Schwab CEO Rick Wurster explains why now is a good time to be a fixed-income investor.
Charles Schwab CEO Rick Wurster joins 'Squawk Box' to discuss the company's quarterly earnings results, why he believes the company is positioned for growth, state of the retail brokerage industry, impact of the Fed's inflation fight, 2025 outlook, investing in crypto, and more.