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Schwab Charles Corp (SCHW) |
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Schwab Charles's Comment on Competitors and Industry Peers
The Company continually monitors its pricing in relation to competitors and periodically
adjusts trade commission rates, interest rates on deposits and loans, fees for
advisory services, and other fee structures to enhance its competitive position.
Increased price competition from other financial services firms, such as reduced
commissions to attract trading volume or higher deposit rates to attract client
cash balances, could impact the Company’s results of operations and financial
condition.
The industry in which the Company competes has undergone a period of consolidation.
The Company faces intense competition for the clients that it serves and the products
and services it offers. There has been significant consolidation as financial
institutions with which the Company competes have been acquired by or merged into
or acquired other firms. This consolidation may continue. Competition is based
on many factors, including the range of products and services offered, pricing,
customer service, brand recognition, reputation, and perceived financial strength.
Consolidations may enable other firms to offer a broader range of products and
services than the Company does, or offer such products at more competitive prices.
The Company faces competition in hiring and retaining qualified employees, especially
for employees who are key to the Company’s ability to build and enhance
client relationships.
The market for quality professionals and other personnel in the Company’s
business is highly competitive. Competition is particularly strong for financial
consultants who build and sustain the Company’s client relationships. The
Company’s ability to continue to compete effectively will depend upon its
ability to attract new employees and retain existing employees while managing
compensation costs.
Overall company Market Share Q3 2021 |
Due to outstanding performance in Overall company, revenue grew by 86.68 % Schwab Charles Corp improved its market share, to approximate 2.71 %.
<< More on SCHW Market Share.
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*Market share calculated with total revenue.
SCHW's vs. Competition, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
| COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
| Schwab Charles Corp |
17,988 |
148,936 |
5,410 |
13,800 |
| Energy Transfer Lp |
58,794 |
22,015 |
6,289 |
0 |
| M and t Bank Corporation |
6,005 |
18,935 |
1,795 |
14,609 |
| Truist Financial Corporation |
22,914 |
78,764 |
6,165 |
0 |
| Cit Group Inc |
2,769 |
4,796 |
715 |
3,360 |
| Comerica Incorporated |
3,327 |
10,993 |
1,155 |
8,876 |
| NATIONAL CITY CORP. |
0 |
0 |
0 |
0 |
| Northern Trust Corporation |
6,392 |
24,373 |
1,380 |
15,400 |
| Regions Financial Corporation |
7,162 |
21,068 |
4,149 |
23,723 |
| Pnc Financial Services Group Inc |
18,111 |
84,233 |
5,875 |
0 |
| Peoples United Financial Inc |
1,939 |
7,236 |
600 |
4,856 |
| E trade Financial Corporation |
2,869 |
10,921 |
823 |
3,221 |
| Bank Of America Corporation |
87,152 |
372,579 |
30,435 |
224,000 |
| Slm Corp |
2,209 |
5,503 |
1,287 |
1,000 |
| Lendingtree inc |
1,060 |
1,421 |
-3 |
312 |
| Td ameritrade Holding Corporation |
8,214 |
21,704 |
1,944 |
5,690 |
| Eztd Inc |
0 |
0 |
0 |
161 |
| Gain Capital Holdings Inc |
383 |
227 |
45 |
772 |
| Interactive Brokers Group inc |
2,659 |
7,266 |
1,600 |
1,087 |
| National Holdings Corp |
247 |
44 |
-6 |
1,152 |
| Sei Investments Company |
1,984 |
8,531 |
527 |
2,969 |
| Siebert Financial Corp |
68 |
78 |
7 |
43 |
| Atlanticus Holdings Corp |
902 |
1,161 |
155 |
319 |
| Lendingclub Corporation |
674 |
3,103 |
-188 |
1,382 |
| Qc Holdings, Inc. |
0 |
0 |
0 |
1,244 |
| Regional Management Corp |
406 |
579 |
82 |
1,421 |
| World Acceptance Corp |
545 |
1,286 |
88 |
3,345 |
| Ameriprise Financial Inc |
12,977 |
35,145 |
1,065 |
12,209 |
| Bear Stearns Companies Inc. |
0 |
0 |
0 |
0 |
| The Goldman Sachs Group Inc |
55,205 |
136,252 |
20,195 |
34,000 |
| H and r Block Inc |
1,278 |
4,161 |
-517 |
2,200 |
| Jpmorgan Chase and Co |
131,414 |
475,677 |
48,275 |
241,359 |
| Lehman Brothers Holdings Inc. |
0 |
0 |
0 |
0 |
| Merrill Lynch & Co., Inc. |
0 |
0 |
0 |
0 |
| Suntrust Banks Inc |
9,119 |
31,305 |
2,687 |
26,281 |
| Wells Fargo and Company |
78,974 |
195,317 |
18,467 |
264,900 |
| Morgan Stanley |
58,871 |
177,957 |
14,816 |
55,802 |
| The Bank Of New York Mellon Corporation |
15,648 |
47,936 |
3,658 |
50,300 |
| Bok Financial Corp |
2,010 |
7,099 |
654 |
4,789 |
| Popular Inc |
2,665 |
6,237 |
896 |
7,810 |
| Citigroup inc |
70,454 |
127,164 |
22,847 |
241,000 |
| Community Choice Financial Inc. |
454 |
0 |
-176 |
3,356 |
| Citizens Financial Group Inc |
6,896 |
19,830 |
2,132 |
17,000 |
| Cyngn Inc |
1,007 |
5 |
201 |
3,570 |
| East West Bancorp inc |
1,761 |
10,870 |
819 |
2,833 |
| First Citizens Bancshares Inc |
1,938 |
7,741 |
562 |
5,734 |
| First Financial Bankshares Inc |
520 |
7,274 |
231 |
1,270 |
| First Interstate Bancsystem Inc |
647 |
2,474 |
189 |
1,742 |
| First Midwest Bancorp Inc |
729 |
2,256 |
177 |
1,790 |
| Fnb Corp |
1,215 |
3,751 |
378 |
2,747 |
| First Niagara Financial Group Inc |
1,326 |
0 |
255 |
5,428 |
| Fulton Financial Corp |
928 |
2,606 |
275 |
3,460 |
| Glacier Bancorp Inc |
792 |
5,313 |
312 |
2,245 |
| Great Western Bancorp Inc |
503 |
1,833 |
203 |
1,475 |
| Hilltop Holdings inc |
2,043 |
2,770 |
442 |
5,300 |
| Iberiabank Corp |
1,182 |
2,266 |
384 |
3,084 |
| Independence Bancshares, Inc. |
3 |
3 |
-2 |
30 |
| First Internet Bancorp |
116 |
438,378 |
47 |
152 |
| Independent Bank Corp |
492 |
2,640 |
154 |
1,051 |
| National Penn Bancshares Inc |
0 |
0 |
0 |
1,606 |
| Ofg Bancorp |
524 |
1,263 |
136 |
1,466 |
| Bank Of The Ozarks Inc |
253 |
1,556 |
87 |
1,642 |
| Park National Corporation |
457 |
2,163 |
148 |
1,793 |
| Privatebancorp, Inc |
505 |
5,031 |
123 |
1,219 |
| Renasant Corp |
664 |
2,095 |
170 |
1,996 |
| Simmons First National Corp |
818 |
3,245 |
613 |
1,946 |
| Svb Financial Group |
5,469 |
39,458 |
2,139 |
2,089 |
| Santander Holdings Usa Inc |
10,617 |
0 |
3,404 |
15,150 |
| Southstate Corp |
1,539 |
5,506 |
455 |
2,058 |
| S and t Bancorp Inc |
315 |
1,186 |
105 |
1,067 |
| Triumph Bancorp Inc |
430 |
3,235 |
127 |
500 |
| Starco Brands Inc |
1,085 |
0 |
264 |
0 |
| Tidelands Bancshares Inc |
0 |
0 |
0 |
79 |
| Union Bankshares Inc |
49 |
140 |
18 |
0 |
| United Bankshares Inc |
1,104 |
4,560 |
398 |
1,701 |
| United Community Banks Inc |
753 |
3,019 |
269 |
1,883 |
| Umb Financial Corp |
1,223 |
4,979 |
348 |
3,830 |
| Valley National Bancorp |
1,307 |
5,627 |
464 |
2,929 |
| Westamerica Bancorporation |
218 |
1,465 |
89 |
813 |
| Western Alliance Bancorporation |
1,799 |
10,967 |
847 |
1,446 |
| Webster Financial Corporation |
1,242 |
4,817 |
358 |
2,946 |
| Wesbanco Inc |
653 |
2,186 |
241 |
1,633 |
| Investment Technology Group, Inc. |
494 |
1,028 |
-40 |
1,037 |
| Credit Suisse Group Ag |
22,389 |
24,071 |
2,666 |
48,200 |
| Evercore Inc |
3,119 |
5,729 |
774 |
1,400 |
| Fbr & Co. |
132 |
0 |
-59 |
303 |
| Wedbush ETFMG Video Game Tech |
0 |
0 |
0 |
217 |
| Greenhill and Co Inc |
342 |
417 |
77 |
350 |
| Credit Suisse Ag |
22,686 |
0 |
3,095 |
0 |
| Houlihan Lokey Inc |
2,987 |
7,208 |
187 |
400 |
| Stonex Group Inc |
36,823 |
1,237 |
175 |
0 |
| Jefferies Group Llc |
7,048 |
0 |
1,209 |
0 |
| Jmp Group Llc |
216 |
539 |
36 |
0 |
| Moelis and Co |
1,538 |
4,190 |
465 |
660 |
| Merriman Holdings, Inc |
0 |
0 |
0 |
31 |
| Pjt Partners Inc |
1,001 |
3,139 |
207 |
353 |
| B Riley Financial inc |
1,729 |
2,228 |
555 |
217 |
| Stifel Financial Corp |
4,546 |
8,316 |
752 |
7,100 |
| Tiptree Inc |
1,138 |
415 |
59 |
929 |
| Ss and c Technologies Holdings Inc |
4,960 |
19,995 |
747 |
8,287 |
| Wintrust Financial Corp |
1,766 |
5,069 |
469 |
0 |
| First Horizon Corp |
3,361 |
8,803 |
1,027 |
0 |
| Countrywide Financial Corporation |
0 |
0 |
0 |
0 |
| SUBTOTAL |
863,241 |
2,804,890 |
233,154 |
1,454,935 |
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