The Schwab subsidiaries agreed to pay $187 million to harmed clients to settle the SEC charges.
Schwab launches a digital platform that combines human guidance and technology to modernize the financial planning experience.
The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2021 was a record $1.6 billion.
The Schwab Starter Kit offers a new experience to provide beginner investors with $50 to split across the top five stocks in the S&P 500.
Schwab estimates acquisition and integration-related costs and capital expenditures related to the integration of TD Ameritrade to be around $1.6 billion.
Schwab has commenced reduction of overlapping or redundant roles across the two firms and rationalization of branch locations.