Charles Schwab Corporation is a multinational financial services company offering banking, commercial banking, investing, and wealth management advisory services to both retail and institutional clients. Founded as First Commander Corporation in 1971, it was renamed Charles Schwab & Co. in 1973. The company is headquartered in Westlake, Texas, and has over 380 branches, primarily in financial centers in the United States and the United Kingdom. As of December 31, 2024, Charles Schwab had $10.10 trillion in client assets, 36.5 million active brokerage accounts, 5.4 million workplace retirement plan participant accounts and 2.0 million banking accounts.
Rick Wurster is the current CEO, having assumed the role in January 2025. Other key executives include Mike Verdeschi (CFO) and Omar Aguilar (CEO & CIO, Schwab Asset Management). Recent news includes Charles Schwab Corp stock reaching an all-time high of $105.82 on February 9, 2026. The company also announced a 19% increase in its quarterly dividend, raising it to $0.32 per share, payable on February 27, 2026. Schwab holds a significant market position, with an estimated 28.0% market share in the online stock brokerages industry. Its stock price as of February 4, 2026, was $103.88, with a market cap of $185 billion. The Schwab Trading Activity Index™ (STAX) score saw its highest reading since February 2025.
