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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 2022 |
Due to strong revenue growth of 20.35 % in Overall company Schwab Charles Corp improved its market share, to approximate 2.97 %.
<< More on SCHW Market Share.
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*Market share is calculated based on total revenue.
SCHW's vs. Competition, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
| COMPANY NAME |
MARKET CAP
(in millions of $) |
REVENUES
(in millions of $) |
INCOME
(in millions of $) |
EMPLOYEES |
| Schwab Charles Corp |
SCHW |
145,194.90 |
19,973.00 |
6,795.00 |
20,950 |
| Energy Transfer Lp |
ET |
41,168 |
88,032.00 |
5,662.00 |
0 |
| M and t Bank Corporation |
MTB |
27,410 |
6,770.08 |
1,586.55 |
17,316 |
| Truist Financial Corporation |
TFC |
67,465 |
22,495.00 |
6,254.00 |
59,000 |
| Cit Group Inc |
CIT |
5,373 |
2,769.00 |
714.80 |
3,360 |
| Comerica Incorporated |
CMA |
9,878 |
3,262.00 |
1,029.00 |
7,870 |
| Northern Trust Corporation |
NTRS |
20,490 |
6,913.70 |
1,586.70 |
19,800 |
| Regions Financial Corporation |
RF |
22,513 |
6,579.00 |
4,445.00 |
19,786 |
| Pnc Financial Services Group Inc |
PNC |
68,130 |
20,484.00 |
5,725.00 |
51,918 |
| Peoples United Financial Inc |
PBCT |
8,258 |
1,941.00 |
604.90 |
6,499 |
| E trade Financial Corporation |
ETFC |
10,921 |
2,869.00 |
823.00 |
3,221 |
| Ameriprise Financial Inc |
AMP |
39,646 |
13,619.00 |
3,077.00 |
12,500 |
| The Goldman Sachs Group Inc |
GS |
132,714 |
50,254.00 |
15,881.00 |
38,300 |
| H and r Block Inc |
HRB |
6,211 |
3,450.63 |
536.85 |
2,200 |
| Jpmorgan Chase and Co |
JPM |
412,013 |
120,592.00 |
35,222.00 |
256,692 |
| First Horizon Corp |
FHN |
14,094 |
3,084.00 |
871.00 |
0 |
| Wells Fargo and Company |
WFC |
180,659 |
75,325.00 |
15,359.00 |
262,100 |
| Morgan Stanley |
MS |
168,359 |
55,443.00 |
12,629.00 |
61,437 |
| The Bank Of New York Mellon Corporation |
BK |
40,864 |
16,741.00 |
2,885.00 |
48,300 |
| Bank Of America Corporation |
BAC |
294,850 |
92,478.00 |
27,409.00 |
210,250 |
| Slm Corp |
SLM |
3,755 |
1,681.86 |
852.32 |
1,000 |
| Bok Financial Corp |
BOKF |
6,869 |
1,754.60 |
469.09 |
4,789 |
| Popular Inc |
BPOP |
5,234 |
3,011.90 |
1,050.15 |
7,810 |
| Citigroup inc |
C |
102,095 |
74,486.00 |
17,068.00 |
200,000 |
| Citizens Financial Group Inc |
CFG |
22,118 |
7,224.00 |
1,837.00 |
18,000 |
| Cyngn Inc |
CYN |
40 |
-678.70 |
-160.10 |
3,570 |
| East West Bancorp inc |
EWBC |
11,205 |
2,112.80 |
1,009.12 |
2,833 |
| First Citizens Bancshares Inc |
FCNCA |
12,270 |
3,761.80 |
964.28 |
5,734 |
| First Financial Bankshares Inc |
FFIN |
5,416 |
514.81 |
231.14 |
1,270 |
| First Interstate Bancsystem Inc |
FIBK |
3,950 |
906.50 |
167.50 |
1,742 |
| First Midwest Bancorp Inc |
FMBI |
2,447 |
729.14 |
176.87 |
1,790 |
| Fnb Corp |
FNB |
5,129 |
1,297.00 |
399.00 |
2,747 |
| Fulton Financial Corp |
FULT |
2,946 |
960.45 |
278.33 |
3,460 |
| Glacier Bancorp Inc |
GBCI |
5,340 |
856.76 |
274.23 |
2,245 |
| Great Western Bancorp Inc |
GWB |
1,715 |
503.03 |
203.26 |
1,475 |
| Hilltop Holdings inc |
HTH |
2,208 |
1,401.24 |
157.51 |
5,300 |
| First Internet Bancorp |
INBK |
246 |
119.44 |
41.67 |
152 |
| Independent Bank Corp |
INDB |
3,748 |
642.26 |
188.47 |
1,051 |
| Ofg Bancorp |
OFG |
1,402 |
564.97 |
153.15 |
1,466 |
| Park National Corporation |
PRK |
2,094 |
457.26 |
147.77 |
1,793 |
| Renasant Corp |
RNST |
2,117 |
595.55 |
156.85 |
1,996 |
| Simmons First National Corp |
SFNC |
2,968 |
833.49 |
492.26 |
1,946 |
| Svb Financial Group |
SIVB |
19,843 |
5,857.92 |
1,712.24 |
3,898 |
| Santander Holdings Usa Inc. |
SOVxC |
0 |
9,412.96 |
2,616.57 |
15,150 |
| Southstate Corp |
SSB |
6,240 |
1,509.96 |
459.39 |
2,058 |
| S and t Bancorp Inc |
STBA |
1,445 |
341.56 |
117.73 |
1,067 |
| Triumph Bancorp Inc |
TBK |
1,462 |
481.99 |
111.39 |
500 |
| Union Bankshares Inc |
UNB |
118 |
48.23 |
34.55 |
0 |
| United Bankshares Inc |
UBSI |
5,674 |
1,024.99 |
372.01 |
1,701 |
| United Community Banks Inc |
UCBI |
3,615 |
778.12 |
239.84 |
1,883 |
| Umb Financial Corp |
UMBF |
4,441 |
1,389.32 |
410.01 |
3,830 |
| Valley National Bancorp |
VLY |
6,402 |
1,467.83 |
450.76 |
2,929 |
| Westamerica Bancorporation |
WABC |
1,507 |
240.37 |
104.75 |
813 |
| Western Alliance Bancorporation |
WAL |
8,697 |
2,322.50 |
1,010.30 |
1,446 |
| Webster Financial Corporation |
WBS |
9,750 |
1,864.82 |
510.57 |
2,946 |
| Wesbanco Inc |
WSBC |
2,277 |
593.44 |
194.05 |
1,633 |
| Lendingtree inc |
TREE |
573 |
1,041.22 |
-129.62 |
312 |
| Amtd Idea Group |
AMTD |
390 |
181.72 |
158.84 |
5,690 |
| Credit Suisse Group Ag |
CS |
9,063 |
22,696.00 |
-1,626.00 |
48,200 |
| Evercore Inc |
EVR |
5,378 |
3,063.49 |
728.60 |
1,400 |
| Gain Capital Holdings Inc |
GCAP |
227 |
383.39 |
44.94 |
772 |
| Greenhill and Co Inc |
GHL |
290 |
279.37 |
12.28 |
350 |
| Houlihan Lokey Inc |
HLI |
6,946 |
2,268.15 |
483.88 |
400 |
| Interactive Brokers Group inc |
IBKR |
8,301 |
2,694.00 |
1,547.00 |
1,087 |
| Stonex Group Inc. |
SNEX |
1,749 |
50,386.00 |
142.30 |
0 |
| Jmp Group Llc |
JMPNL |
0 |
168.01 |
10.76 |
0 |
| Moelis and Co |
MC |
3,422 |
1,203.13 |
259.52 |
660 |
| National Holdings Corp |
NHLD |
44 |
246.52 |
-5.57 |
1,152 |
| Pjt Partners Inc |
PJT |
2,102 |
1,058.82 |
182.82 |
353 |
| B Riley Financial Inc |
RILY |
1,396 |
1,010.76 |
-25.69 |
217 |
| Sei Investments Company |
SEIC |
8,760 |
2,036.10 |
508.54 |
2,969 |
| Stifel Financial Corp |
SF |
7,879 |
4,667.92 |
746.92 |
7,100 |
| Siebert Financial Corp |
SIEB |
65 |
51.14 |
-0.38 |
43 |
| Atlanticus Holdings Corp |
ATLC |
669 |
995.09 |
160.76 |
319 |
| Lendingclub Corporation |
LC |
1,106 |
800.26 |
-187.54 |
1,382 |
| Regional Management Corp |
RM |
353 |
494.66 |
69.61 |
1,421 |
| World Acceptance Corp |
WRLD |
629 |
595.22 |
9.60 |
3,345 |
| Tiptree Inc |
TIPT |
557 |
1,294.52 |
23.55 |
929 |
| Ss and c Technologies Holdings Inc |
SSNC |
16,304 |
5,238.90 |
692.60 |
8,287 |
| Wintrust Financial Corp |
WTFC |
5,751 |
1,795.26 |
463.62 |
0 |
| SUBTOTAL |
2,074,947.06 |
848,794.20 |
187,869.18 |
1,499,910 |
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