Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

CHARLES SCHWABB

(SCHW)
  Report
Real-time Estimate Cboe BZX  -  02:09 2022-11-28 pm EST
79.99 USD   -1.99%
09:01aWall St set to open lower on China's anti-lockdown protests; Apple slips
RE
11/25S&P 500 Posts 1.5% Weekly Gain Amid Hopes for Fed Rate Increases to Start Slowing; Utilities Lead Broad Climb
MT
11/25Stocks typically rally in December, investors have some caution this year
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies
Days
:
Hours
:
Minutes
:
Seconds

The Charles Schwab Corporation to Launch the Schwab Municipal Bond ETF

09/28/2022 | 09:00am EST

Schwab Asset Management, the asset management arm of The Charles Schwab Corporation, announced the launch of the Schwab Municipal Bond ETF (NYSE Arca: SCMB). The first day of trading is expected to be on or about October 12. With an expense ratio of 0.03%, the Schwab Municipal Bond ETF comes to market at a lower cost than comparable funds1.

This ETF provides access to the broad U.S. investment grade, tax-exempt bond market with the additional benefit of potentially higher tax efficiency of its ETF structure. It can serve as part of the core of a diversified portfolio. The Schwab Municipal Bond ETF's goal is to track as closely as possible, before fees and expenses, the total return of the ICE AMT-Free Core U.S. National Municipal Index, which measures the performance of the U.S. AMT-free municipal bond market.

It seeks to provide income exempt from federal taxes and not subject to the federal alternative minimum tax (AMT). The fund has a high credit quality profile, investing only in investment-grade rated securities. The fifth largest provider of ETFs, Schwab Asset Management has more than a decade of experience managing ETFs and a robust capital markets team that plays a crucial role in ensuring the Schwab ETFs function efficiently.

Schwab bond ETFs seek to be among the lowest cost across the industry's leading ETF providers. The Schwab Municipal Bond ETF is Schwab Asset Management's eighth bond ETF and the 29th Schwab ETF overall.


ę S&P Capital IQ 2022
All news about CHARLES SCHWABB
09:01aWall St set to open lower on China's anti-lockdown protests; Apple slips
RE
11/25S&P 500 Posts 1.5% Weekly Gain Amid Hopes for Fed Rate Increases to Start Slowing; Util..
MT
11/25Stocks typically rally in December, investors have some caution this year
RE
11/21Insider Sell: Schwab Charles
MT
11/21Charles Schwab Announces Recipients of 2022-2023 Financial Planning Scholarships
BU
11/18European Midday Briefing: Investors Face up to -2-
DJ
11/15Insider Sell: Schwab Charles
MT
11/15Deutsche Bank Adjusts Charles Schwab Price Target to $101 From $100, Maintains Buy Rati..
MT
11/15Schwab Q4 Trader Sentiment Survey : A Recession May Already Be Here, But Traders Say It Wi..
BU
11/14Sector Update: Financial Stocks Ending Near Intra-Day Lows
MT
More news
Analyst Recommendations on CHARLES SCHWABB
More recommendations
Financials (USD)
Sales 2022 20 802 M - -
Net income 2022 6 751 M - -
Net Debt 2022 5 197 M - -
P/E ratio 2022 22,9x
Yield 2022 1,02%
Capitalization 152 B 152 B -
EV / Sales 2022 7,57x
EV / Sales 2023 7,50x
Nbr of Employees 35 200
Free-Float 82,0%
Chart CHARLES SCHWABB
Duration : Period :
Charles Schwabb Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CHARLES SCHWABB
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 81,61 $
Average target price 90,87 $
Spread / Average Target 11,3%
EPS Revisions
Managers and Directors
Walter William Bettinger Co-Chairman & Chief Executive Officer
Richard A. Wurster President
Peter B. Crawford Executive Vice President-Finance
Charles Robert Schwab Co-Chairman
Tim Heier Chief Technology Officer & Executive VP
Sector and Competitors
1st jan.Capi. (M$)
CHARLES SCHWABB-2.96%152 345
MORGAN STANLEY-7.39%153 648
THE GOLDMAN SACHS GROUP, INC.1.65%137 877
CITIGROUP INC.-20.04%93 531
CITIC SECURITIES COMPANY LIMITED-26.73%37 877
RAYMOND JAMES FINANCIAL, INC.19.08%25 713