Latest from Alacra Pulse
Analyst Comment by
Raymond James Financial
18:41 ET May 22, 2012
Downgrade to underperform by Raymond James Financial.
Analyst Comment by
Zacks Investment Research
May 15, 2012
On Monday, Charles Schwab Corp ( SCHW , Analyst Report ) released its Monthly Activity Report for April 2012. The company recorded an increase of 5% in Daily Average Revenue Trades ( DARTs) from April 2011 to 458,900. However, the company's DARTs slipped 1% from the prior month.
Zacks - Analyst Blog: Schwab Reports Y/Y Rise in DARTs - Analyst Blog
Zacks - Analyst Blog: Schwab Reports Y/Y Rise in DARTs - Analyst Blog
Analyst Comment by
Zacks Investment Research
May 15, 2012
According to Reuters, the judge of the U. S. District Court for the Northern District of California has dismissed the lawsuit filed by The Charles Schwab Corporation ( SCHW , Analyst Report ) against the Financial Industry Regulatory Authority ( FINRA) in February 2012. The lawsuit followed the enforcement case filed by FINRA against Schwab. In October 2011, Schwab included a new provision in the agreements of more than 6.8 million customer accounts, prohibiting them from initiating or joining class action lawsuits against the brokerage firm.
Zacks - Analyst Blog: Schwab to Abide by FINRA's Rules - Analyst Blog
Zacks - Analyst Blog: Schwab to Abide by FINRA's Rules - Analyst Blog
Thomson Reuters Business Description
The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company engages, through its subsidiaries, in securities brokerage, banking, and related financial services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Institutional Services. The Investor Services segment provides retail brokerage and banking services to individual investors. The Institutional Services segment provides custodial, trading and support services to independent investment advisors (IAs). Its business subsidiaries include Charles Schwab & Co., Inc. (Schwab), which is a securities broker-dealer; Charles Schwab Bank (Schwab Bank), which is a federal savings bank, and Charles Schwab Investment Management, Inc. (CSIM), which is the investment advisor for Schwab’s mutual funds. On September 1, 2011, the Company acquired optionsXpress Holdings, Inc. In November 2011, the Company acquired Compliance11, Inc.


