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Schwab Charles Corp  (SCHW)
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    Sector  Financial    Industry Investment Services
   Industry Investment Services
   Sector  Financial

Schwab Charles's

Competitiveness


 

SCHW Sales vs. its Competitors Q3 2022



Comparing the results to its competitors, Schwab Charles reported Total Revenue increase in the 3 quarter 2022 by 20.35 % year on year.
The sales growth was above Schwab Charles's competitors average revenue growth of 15.82 %, recorded in the same quarter.

List of SCHW Competitors

With net margin of 36.73 % company achieved higher profitability than its competitors.

More on SCHW Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Schwab Charles Corp Net Income in the 3 quarter 2022 grew year on year by 32.37 %, while most of its competitors have experienced contraction in net income by -7.98 %.

<<  SCHW Stock Performance Comparisons


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.
 
*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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