Charles Schwab Corporation, (SCHW): Founded in 1971, headquartered in San Francisco, California, Charles Schwab Corporation, is one of the nations leading provider of financial services. Through its operating subsidiaries, the company provides securities brokerage, banking, money management and financial advisory services to individual investors, independent investment advisers, and corporate and retirement plan sponsors and participants. The company manages about 12,000 employees, more than 300 branch offices, 7.6 million client brokerage accounts, 1.5 million corporate retirement plan participants, 646,000 banking accounts, and $1.3 trillion in client assets.
Charles Schwab posted positive profits and better than expected results in four of last four quarters. Analysts are expecting a profit of 17 cents a share for the quarter ended September 2009, which is 9 cents lower than its actual profit of 26 cents a share, it poster a year ago in the same quarter.
SCHW is in my SHORT sell watch list for short term trading. Earnings for the quarter ended September 2009, is scheduled to be released on Monday October 12, 2009.
