Maybe Chuck needs to "Talk to Chuck" (SCHW)

This graph is disappointing. Charles Schwab (SCHW) has benefited investors by providing lower cost structures for investing and has prided itself on honesty with "no hidden fees." However, this graph is misleading. Most companies provide a comparison to the S&P 500 in their annual reports. Sometimes these comparisons are chosen for long periods and sometimes for short ones, but always for corporate self-interest. That's the way it is.

But this graph is wholly different. It implies superior performance where it is inferior - quite inferior with the S&P 500 up over 29% with SCHW up roughly one-half of that. I studied the graph closely wondering what the management was doing. I came up with no other solution than an effort to mislead the investor into perceiving the blue line representing SCHW as superior to the black line representing S&P 500.

In the annual report, SCHW was candid about its lack of accuracy forecasting the likely interest rate movements for 2019. This lack of accuracy was a critical component for subpar results. SCHW could have argued that the strength of their business model even overcomes the weakness of their forecasting. I guess this is an instructional video to help read their "nickel and dime us" annual reports: Talk to Chuck