Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Charles Schwab Corp    SCHW

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Charles Schwab Corp : Schwab Bank Grant Offers College Planning Kick-Start to Nevada Kindergartners

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/22/2013 | 07:05pm CEST

In an effort to encourage more Nevada students to graduate from college, Schwab Bank today announced it will grant $20,000 to the Nevada College Kick Start Program, administered by Nevada State Treasurer Kate Marshall, to fund college savings accounts for 400 kindergarten students in Washoe County Title 1 schools.

Students with a college savings account are up to seven times more likely to attend college than those without an account, according to 2010 research from the Center for Social Development at Washington University in St. Louis1.

"The Kick Start program plays an important role in changing the culture of lower income families. It helps plant the seed of opportunity in the minds of kindergartners and their parents that graduating from college is within reach," said Paul Woolway, president of Schwab Bank. "This grant is very well aligned with Schwab Bank's commitment to help people achieve better financial outcomes."

Nevada has one of the lowest college-educated populations in the country, with only 28 percent of adult residents holding an associate's degree or higher as of 2011, according to Complete College America2. A 2011 study3 by the same organization suggests that by 2020, 58 percent of jobs will require a college education or career certification, a number that will jump to 70 percent by 2030.

"As Nevada works to diversify its economy and create high-level jobs with higher pay and benefits, we also must work to create a well-educated workforce that can meet the needs of the local business community," said Nevada State Treasurer Kate Marshall. "Programs like Kick Start will help students learn at a young age the value and importance of a college education in an increasingly competitive workforce. We are thankful for the commitment and support from Schwab Bank to help fund this important program."

The program will be complemented by in-class personal finance education and ongoing discussions about college savings accounts.

Funds will be held in an umbrella account managed by Upromise Investments Inc., the Nevada College Plans program manager, to pay for postsecondary education expenses at any U.S. Department of Education-approved educational institution.

In addition to the grant from Schwab Bank, the Nevada College Savings Board has committed $150,000 to support college savings accounts for kindergarteners in 13 rural Nevada counties and hopes to secure funding to expand the program statewide.

Representatives of Schwab Bank and the Nevada State Treasurer's Office, including State Treasurer Kate Marshall, presented the check on May 21 at Lincoln Park Elementary School, where Schwab has committed significant resources to promote financial literacy in collaboration with Junior Achievement.

About Charles Schwab Bank

The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 300 offices and 8.9 million active brokerage accounts, 1.6 million corporate retirement plan participants, 895,000 banking accounts, and $2.11 trillion in client assets as of April 30, 2013. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; compliance and trade monitoring solutions; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through its Advisor Services division. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides trust and custody services, banking and lending services and products. Investment products offered by Charles Schwab & Co., Inc. are not insured by the FDIC, are not deposits or obligations of Charles Schwab Bank, and are subject to investment risk, including the possible loss of principal invested. More information is available at www.schwab.com and www.aboutschwab.com. (0513-3476)

1 Center for Social Development at Washington University in St. Louis, 2010 "The Role of Savings and Wealth in Reducing 'Wilt' between Expectations and College Attendance"

2 Complete College America, 2011 "Nevada State Report"

3 Complete College America, 2011 "Time is the Enemy" - Nevada State Profile

Upromise Investments Inc. and the Nevada College Savings Board are unaffiliated with Charles Schwab Corporation and its affiliates.

Charles Schwab Bank, Equal Housing Lender (Member FDIC).

Charles Schwab
Stephanie Corns, 415-667-1808
[email protected]


© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CHARLES SCHWAB CORP
10/16 SCHWAB CHARLES CORP : Results of Operations and Financial Condition, Financial S..
10/16 THE CHARLES SCHWAB CORPORATION (NYSE : SCHW) reported earnings of $0.42 per shar..
10/16 CHARLES SCHWAB : Schwab beats 3Q profit forecasts
10/16 CHARLES SCHWAB : Schwab Reports Record Quarterly Net Income of $618 Million, Up ..
10/16 CHARLES SCHWAB : Schwab Advisor Services Debuts National Television Advertising ..
10/13 CHARLES SCHWAB : Schwab Stock Plan Services and Certent Collaborate to Expand an..
10/11CHARLES SCHWAB CORP : quaterly earnings release
10/11 CHARLES SCHWAB : Investment Brokerage Stock Performance Review -- TD Ameritrade,..
10/09 CHARLES SCHWAB : Schwab Launches New StreetSmart Central™ and StreetSmart ..
10/06 CHARLES SCHWAB : Schwab Announces Its Fall Business Update
More news
News from SeekingAlpha
10/16 ETF PRICE WARS : SSgA slashing fees
10/16 Higher rates a boon to Schwab results; shares down 0.9% premarket
10/16 Charles Schwab beats by $0.01, misses on revenue
10/14 Stocks to watch next week
10/13 CHARLES SCHWAB EARNINGS PREVIEW : Cheap On GARP Basis, But Not Without Worries
Financials ($)
Sales 2017 8 618 M
EBIT 2017 3 657 M
Net income 2017 2 183 M
Debt 2017 -
Yield 2017 0,74%
P/E ratio 2017 26,86
P/E ratio 2018 22,07
Capi. / Sales 2017 6,74x
Capi. / Sales 2018 5,93x
Capitalization 58 104 M
Chart CHARLES SCHWAB CORP
Duration : Period :
Charles Schwab Corp Technical Analysis Chart | SCHW | US8085131055 | 4-Traders
Technical analysis trends CHARLES SCHWAB CORP
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 49,1 $
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
Walter William Bettinger President, Chief Executive Officer & Director
Charles Robert Schwab Chairman
Peter Crawford Chief Financial Officer
Jim McGuire Chief Information Officer & Executive VP
Tim Heier Chief Technology Officer & Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
CHARLES SCHWAB CORP13.33%58 104
GOLDMAN SACHS GROUP1.24%91 337
MORGAN STANLEY14.32%90 213
CITIC SECURITIES CO LTD12.08%31 892
NOMURA HOLDINGS INC-4.65%22 332
HUATAI SECURITIES CO., LTD.20.32%21 604