C

Charles Schwab

Runs investment accounts and banking services

Java Developer

Full-TimeDeadline 10/16/26
No salary listed
Senior
Master's
Southlake, TX, USA
In Person
Software EngineeringBackend Engineering

About the job

Requirements
  • A Master's degree in Information Technology, Computer Science, a related field, or equivalent practical experience.
  • At least 6 years of experience developing large-scale, highly available software using Java, Spring Boot, cloud frameworks, and REST APIs.
  • At least 5 years of experience with cloud-based containers and microservices.
  • At least 5 years of experience with continuous integration and continuous delivery using GitHub, GitHub Actions, or comparable technologies.
  • At least 5 years of experience implementing automated unit, acceptance, and integration tests.
  • At least 5 years of experience using SQL Server, PostgreSQL, Aerospike, DB2, or comparable databases.
  • At least 3 years of experience developing messaging applications using Kafka, RabbitMQ, or equivalent technologies.
  • At least 3 years of experience implementing authentication protocols such as OAuth or SAML.
  • At least 3 years of experience building and maintaining integrations with vendor systems supporting banking or money movement.
  • Demonstrated problem-solving and decision-making skills.
  • Experience mentoring engineers and contributing to secure, resilient production systems.
Responsibilities
  • Design and deliver scalable services supporting high-volume payment activity across ACH, wires, checks, and internal transfers.
  • Work within an Agile team to solve complex engineering problems, shape component designs, strengthen automated testing, and improve production-system resilience.
  • Collaborate with product owners, architects, site reliability engineers, and business partners to translate priorities into dependable solutions and make informed technical decisions.
  • Help develop engineering talent through coaching, knowledge sharing, and thoughtful technical leadership.
  • Modernize critical platforms, improve the client experience, and advance secure, reliable money movement.
Desired Qualifications
  • At least 3 years of experience with AWS, Google Cloud Platform, or Pivotal Cloud Foundry.
  • At least 2 years of experience modernizing legacy applications into distributed platforms.
  • Experience developing batch applications with Spring-based frameworks and enterprise scheduling tools.
  • Knowledge of banking or payment platforms, including FIS Profile or Enterprise Payments Platform.
  • Experience producing architectural diagrams, design documentation, and technical specifications.
  • Experience working in Agile environments and using Jira and Confluence.

About the company

Charles Schwab runs brokerage, wealth management and banking services for individual investors, employers and independent financial advisers. Its Schwab One brokerage account gives investors access to securities and mutual funds, while its adviser business supplies custody and trading support to firms that manage clients' portfolios. Customers use websites, mobile apps and branches to trade, save for long-term retirement and arrange loans against eligible assets. The group earns interest on loans and investments, asset management fees and trading charges through its operating subsidiaries. Founded in 1973, it is headquartered in Westlake, Texas.

Company Size

10,001+

Company Stage

IPO

Headquarters

San Francisco, California

Founded

1973

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Simplify's Take

What believers are saying

  • Profit supports investment: July 2026 results showed Schwab's quarterly net income rising 32% to $2.8 billion.
  • Workplace plans widen distribution: Schwab serves 5.9 million retirement-plan participant accounts alongside its retail brokerage business.
  • Employees participate in public equity: Schwab lists an employee stock purchase plan among its benefits.

What critics are saying

  • Interest concentrates revenue risk: net interest generated 47% of Schwab's revenue in the quarter reported July 2026.
  • Trading activity swings sharply: August 2026 daily trades fell 16% from July to 9.8 million.
  • Expect frequent commuting: since March 2026, most Schwab employees work onsite four days weekly.

What makes Charles Schwab unique

  • Banking sits inside the broker: Schwab Bank links checking to brokerage and rebates eligible ATM fees worldwide.
  • Active traders get a broader toolkit: thinkorswim combines futures and forex with 24/5 trading in over 1,300 stocks and ETFs.
  • Advisers amplify its reach: Schwab Advisor Services supports over 15,000 independent advisory firms with custody and trading.

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Benefits

  • Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Yahoo Finance
Oct 16th, 2026
Schwab CEO wants "rules of the road" for AI trading agents as Q3 revenue hits record $7.17B

Charles Schwab chief executive officer Rick Wurster says AI agents should only trade for clients who set clear rules. "Just handing the keys over... that's a leap too far. It is risky," he said on Yahoo Finance. He said users should give an agent their methodology and process, then oversee it. Schwab will soon launch Charley, an AI assistant that is not a trading bot. It will handle administrative tasks such as changing an address or naming a trusted contact. Schwab's third-quarter adjusted earnings rose 29% to $1.69 a share, beating expectations. Revenue climbed 17% to a record $7.17 billion, just shy of estimates. Core net new assets hit a record $190.4 billion, up 38%.

Yahoo Finance
Oct 16th, 2026
Financials stocks to watch: Federated Hermes and Charles Schwab; Artisan Partners to avoid

StockStory named two financials stocks to watch and one to avoid, as policy uncertainty held the sector's six-month gain to 1.5%, behind the S&P 500's 9.7%. It rates Federated Hermes ($4.02 billion market cap) a watch. Revenue grew 10.2% a year over two years, and share buybacks lifted annual earnings per share growth to 21.1%. The stock trades at $56.04, or 9.6x forward P/E. Charles Schwab ($162.8 billion) also made the watchlist. Annual revenue growth was 20.2% over two years, and return on equity is 16.2%. Shares trade at $94.52, or 12.7x forward P/E. StockStory would sell Artisan Partners ($2.33 billion). Revenue grew 2.8% a year over five years, while earnings per share fell 1.3% annually. The stock trades at $32.75, or 8.7x forward P/E.

Yahoo Finance
Oct 14th, 2026
Schwab reports Q3 results on October 15, with analysts expecting $7.2B revenue

The Charles Schwab Corporation will report third-quarter 2026 results on October 15, before the market opens. Analysts expect adjusted earnings per share of $1.67 and revenue of about $7.2 billion, up roughly 17% year over year. Schwab posted record second-quarter revenue of $7.1 billion, up 21%, with adjusted earnings per share up 42% to $1.62. It raised its full-year revenue growth outlook to 17.5%-18.5%, from 14%-15%. The stock closed at $95.94 on October 13, down about 4% this year and 16.2% below its August 24 high of $114.53. Investors worry about interest-rate uncertainty, margin pressure, and competition from AI-driven planning platforms. Analysts give the stock a consensus "Moderate Buy" rating, with an average price target of $120.92.

Yahoo Finance
Oct 14th, 2026
Charles Schwab Q3 earnings preview: 17.1% revenue growth expected after $7.07B last quarter

Charles Schwab (NYSE:SCHW) will report third-quarter earnings on Thursday before market open. Analysts expect revenue to grow 17.1% year on year, slower than the 26.6% rise in the same quarter last year. Last quarter, the company beat revenue expectations with $7.07 billion, up 20.9% year on year. It has missed Wall Street's revenue estimates multiple times over the last two years. Among peers, Goldman Sachs reported 23% revenue growth, beating estimates by 11.5%. Jefferies posted 8.5% growth, topping estimates by 1.1%, and its shares fell 1.3%. Schwab's shares are down 10.4% over the last month, against a 5.5% average fall for capital markets stocks. The stock trades at $96.16, below the average analyst price target of $122.32.

MarketBeat
Oct 13th, 2026
Charles Schwab (NYSE:SCHW) stock gets price target cut from Truist Financial.

Charles Schwab (NYSE:SCHW) stock gets price target cut from Truist Financial. October 13, 2026 Key points. * Truist Financial cut Charles Schwab's price target to $125 from $130 but maintained a "buy" rating, implying 28.76% upside from the referenced closing price. * Analyst sentiment remains broadly positive: Schwab has a "Moderate Buy" consensus rating and an average price target of $119, supported by 17 Buy or Strong Buy ratings. * Schwab's latest quarterly results exceeded expectations, with EPS of $1.62 and revenue of $7.07 billion; however, insiders sold roughly $69.6 million of stock in the past quarter, while institutional investors own 84.38% of shares. * MarketBeat previews top five stocks to own in November. Charles Schwab (NYSE:SCHW - Get Free Report) had its price objective dropped by equities researchers at Truist Financial from $130.00 to $125.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the financial services provider's stock. Truist Financial's target price indicates a potential upside of 28.76% from the company's previous close. Several other equities analysts also recently commented on the stock. Citigroup reissued a "market outperform" rating on shares of Charles Schwab in a research note on Wednesday, July 22nd. Compass Point assumed coverage on shares of Charles Schwab in a research note on Monday, August 3rd. They set a "buy" rating and a $135.00 target price on the stock. Bank of America upped their price target on shares of Charles Schwab from $91.00 to $95.00 and gave the stock an "underperform" rating in a report on Monday, October 5th. Argus increased their price target on Charles Schwab from $108.00 to $114.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $145.00 price target on shares of Charles Schwab in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Charles Schwab currently has a consensus rating of "Moderate Buy" and an average target price of $119.00. Charles Schwab stock performance. NYSE:SCHW opened at $97.08 on Tuesday. The stock's 50-day simple moving average is $105.50 and its 200 day simple moving average is $98.15. The firm has a market capitalization of $167.88 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 0.82 and a beta of 0.79. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.52. Charles Schwab has a twelve month low of $83.96 and a twelve month high of $114.53. Discover more Financial News Subscription Live News Feed Stock Profit Calculator Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.56 by $0.06. The firm had revenue of $7.07 billion for the quarter, compared to analysts' expectations of $6.90 billion. Charles Schwab had a return on equity of 24.53% and a net margin of 38.79%. During the same quarter in the previous year, the business posted $1.14 earnings per share. The business's revenue for the quarter was up 20.9% on a year-over-year basis. On average, analysts anticipate that Charles Schwab will post 6.46 EPS for the current fiscal year. Insider activity at Charles Schwab. In related news, insider Dennis Howard sold 28,000 shares of the firm's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $105.01, for a total transaction of $2,940,280.00. Following the completion of the transaction, the insider directly owned 10,470 shares of the company's stock, valued at $1,099,454.70. This trade represents a 72.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula A. Sneed sold 5,263 shares of the firm's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $107.15, for a total value of $563,930.45. Following the transaction, the director directly owned 91,711 shares of the company's stock, valued at approximately $9,826,833.65. This represents a 5.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 645,582 shares of company stock valued at $69,553,935 in the last quarter. Insiders own 6.30% of the company's stock. Institutional investors weigh in on Charles Schwab. Several institutional investors and hedge funds have recently made changes to their positions in the stock. Invesco Ltd. boosted its stake in shares of Charles Schwab by 3.0% in the 4th quarter. Invesco Ltd. now owns 16,425,579 shares of the financial services provider's stock valued at $1,641,080,000 after purchasing an additional 484,558 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Charles Schwab by 22.9% during the first quarter. Bank of New York Mellon Corp now owns 16,162,082 shares of the financial services provider's stock worth $1,518,913,000 after buying an additional 3,009,884 shares during the last quarter. Bank of America Corp DE raised its stake in Charles Schwab by 3.5% during the first quarter. Bank of America Corp DE now owns 15,623,030 shares of the financial services provider's stock worth $1,468,252,000 after buying an additional 530,191 shares during the last quarter. Flossbach Von Storch SE bought a new stake in Charles Schwab during the second quarter valued at $987,930,000. Finally, Janus Henderson Group PLC boosted its position in Charles Schwab by 17.9% during the fourth quarter. Janus Henderson Group PLC now owns 6,862,590 shares of the financial services provider's stock valued at $685,645,000 after acquiring an additional 1,040,041 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock. Key Charles Schwab news. Here are the key news stories impacting Charles Schwab this week: * Analysts expect Schwab's two key revenue drivers - net interest revenue and asset-management, trading, and related fee income - to benefit from healthy market activity and favorable interest-rate conditions. Robust trading, higher net interest revenue, and stronger asset-management fees could support a third-quarter earnings beat. * Deutsche Bank raised its price target on SCHW to $130 from $125, signaling greater confidence in the stock's earnings and valuation potential. * Erste Group Bank increased its fiscal 2027 EPS estimate to $7.96 from $7.85, well above the current-year consensus estimate of $6.46. The revision supports the view that Schwab's earnings growth may continue beyond the upcoming quarter. * Evercore initiated coverage with an "in line" or "hold" rating and a $107 price target. Although the target implies potential appreciation from the referenced $97.08 level, the neutral rating suggests limited conviction in near-term outperformance. * Rising operating expenses remain a key risk for the third-quarter report and could offset gains from trading activity, net interest revenue, and asset-management fees. Investors will focus on expense growth and management's outlook alongside EPS and revenue. About Charles Schwab. Charles Schwab Corporation NYSE: SCHW is a financial services company that provides brokerage, investment, banking and wealth management services to individual investors, employers, institutions and independent investment advisors. Its offerings include online and mobile trading, securities brokerage, retirement accounts, financial planning, portfolio management, banking products, research and access to mutual funds and exchange-traded funds. The company operates through businesses including Schwab Brokerage, Schwab Wealth Advisory, Schwab Asset Management and Charles Schwab Bank. Further reading. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. 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