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WESTLAKE, Texas - Charles Schwab Corporation (NYSE:SCHW), a prominent player in the Capital Markets industry currently trading near its 52-week high with a 47% return over the past year, will hold its Fall Business Update for institutional investors on October 16, the financial services firm announced Thursday. According to InvestingPro analysis, the company shows signs of being slightly undervalued based on its Fair Value assessment.
The virtual event, scheduled to run from 8:30 a.m. to 9:30 a.m. ET, will feature presentations from President and Chief Executive Officer Rick Wurster and Chief Financial Officer Mike Verdeschi.
The update is part of an ongoing series designed to keep the investment community informed about recent developments and management’s strategic focus areas, according to a press release statement.
Charles Schwab, headquartered in Westlake, Texas, serves as a major financial services provider with 37.8 million active brokerage accounts, 5.6 million workplace plan participant accounts, and 2.1 million banking accounts. The company reported $11.23 trillion in client assets as of August 31, 2025.
Through its operating subsidiaries, Schwab offers wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to both individual investors and independent investment advisors.
The Fall Business Update will be accessible to the public via webcast through the company’s events website.
In other recent news, Charles Schwab Corporation reported significant growth in its core net new assets for both July and August 2025. The company attracted $46.9 billion in July, marking a 62% increase from the previous year, and $44.4 billion in August, a 35% increase compared to the same month last year. Total client assets at the end of August reached $11.23 trillion, a 15% increase from August 2024. In light of this strong performance, Truist Securities raised its price target for Charles Schwab to $112.00, maintaining a Buy rating. The firm also highlighted Schwab’s 5% core net new asset growth for August, which was the second strongest seasonally adjusted growth in four months. Additionally, Charles Schwab announced plans to expand its branch network by adding 16 new locations and hiring over 400 staff members. This expansion includes relocating or expanding 25 existing branches across the United States. Several new branches have already opened, with more to follow soon.
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