Future of Charles Schwab | Quantumrun

Future of Charles Schwab

The Charles Schwab Corporation is a brokerage and bank firm, based in San Francisco, California.

Home Country: 
United States
Industry: 
Securities
Industry vulnerability to disruption: 

<p>Belonging to the financial sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:</p>

<p>*First off, the shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the financial world—from AI trading, wealth management, accounting, financial forensics, and more. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white-collar employees.<br />
*Blockchain technology will be co-opted and integrated into the established banking system, significantly reducing transaction costs and automating complex contract agreements.<br />
*Financial technology (FinTech) companies that operate entirely online and offer specialized and cost-effective services to consumer and business clients will continue to erode the client base of larger institutional banks.<br />
*Physical currency will disappear in much of Asia and Africa first due to each region’s limited exposure to credit card systems and early adoption of internet and mobile payment technologies. Western countries will gradually follow suit. Select financial institutions will act as intermediaries for mobile transactions, but will see increasing competition from tech companies who operate mobile platforms—they will see an opportunity to offer payment and banking services to their mobile users, thereby cutting out traditional banks.<br />
*Growing income inequality throughout the 2020s will lead to an increase in fringe political parties winning elections and encouraging stricter financial regulations.</p>

Total patents held: 
74
Ranking List: 
169
Ranking List: 
2017 Quantumrun Global 1000
114
Ranking List: 
2017 Quantumrun US 500
Ranking List: 
2017 Quantumrun Silicon Valley 100
Market Revenue Country: 
Prod/Serv name revenue: 
Prod/Serv name: 
Asset management and administration fees
Prod/Serv revenue: 
2650000000
Prod/Serv name: 
Net interest
Prod/Serv revenue: 
2520000000
Prod/Serv name: 
Trading
Prod/Serv revenue: 
866000000
Founded: 
1971
Company Name: 
Charles Schwab
Sector: 
Revenue: 
7478000000
3y average revenue: 
6638666667
Operating expenses: 
4485000000
3y average expenses: 
4176333333
Company profile data note: 
All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page.
Global employee count: 
16200
Number of domestic locations: 
46
Funds in reserve: 
11978000000
create term: 
#169 | 2017 Quantumrun Global 1000
#114 | 2017 Quantumrun US 500

The Charles Schwab Corporation is a brokerage and bank firm, based in San Francisco, California.

Home country:
United States
Sector:
Financials
Industry:
Securities
Website:
Founded:
1971
Global employee count:
16,200

Financial Health

Revenue
$7,478,000,000 USD
3y average revenue
$6,638,666,667 USD
Operating expenses
$4,485,000,000 USD
3y average expenses
$4,176,333,333 USD
Funds in reserve
$11,978,000,000 USD

Asset Performance

#1 Product/Service/Dept. name
Asset management and administration fees
#1 Product/Service revenue
$2,650,000,000 USD
#2 Product/Service/Dept. name
Net interest
#2 Product/Service revenue
$2,520,000,000 USD
#3 Product/Service/Dept. name
Trading
#3 Product/Service revenue
$866,000,000 USD

Innovation assets and Pipeline

Total patents held
74
All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page.

Disruption Vulnerability

Belonging to the financial sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the financial world—from AI trading, wealth management, accounting, financial forensics, and more. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white-collar employees.

*Blockchain technology will be co-opted and integrated into the established banking system, significantly reducing transaction costs and automating complex contract agreements.

*Financial technology (FinTech) companies that operate entirely online and offer specialized and cost-effective services to consumer and business clients will continue to erode the client base of larger institutional banks.

*Physical currency will disappear in much of Asia and Africa first due to each region’s limited exposure to credit card systems and early adoption of internet and mobile payment technologies. Western countries will gradually follow suit. Select financial institutions will act as intermediaries for mobile transactions, but will see increasing competition from tech companies who operate mobile platforms—they will see an opportunity to offer payment and banking services to their mobile users, thereby cutting out traditional banks.

*Growing income inequality throughout the 2020s will lead to an increase in fringe political parties winning elections and encouraging stricter financial regulations.