The Charles Schwab Corporation (NYSE:SCHW) 2023 Winter Business Update Call January 27, 2023 9:00 AM ET Company Participants Jeff Edwards - Managing Director, Head of Investor Relations Richard Wurster - President Walter Bettinger - Co-Chairman of the Board and Chief Executive Officer Joseph Martinetto - Managing Director, Chief Operating Officer Jonathan Craig - Managing Director, Head of Investor Services and Marketing Stacy Hammond - Managing Director, Investor Acquisition and Marketing Bernard Clark - M ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 1-9700 THE CHARLES SCHWAB CORPORATION (Exact name of registrant as specified in its charter) Delaware 94-3025021 (State or other ...

The Charles Schwab Corporation (NYSE:SCHW) 2023 Spring Business Update Conference Call April 17, 2023 9:00 AM ET Company Participants Jeff Edwards - MD, IR Walt Bettinger - Co-Chairman and CEO Rick Wurster - President Peter Crawford - CFO Conference Call Participants Dan Fannon - Jefferies Rich Repetto - Piper Sandler Alex Blostein - Goldman Sachs Ken Worthington - JPMC Brian Bedell - Deutsche Bank Mike Cyprys - Morgan Stanley Bill Katz - Credit Suisse Ben Budish - Barclays Jeff Edwards Good morning, everyo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 1-9700 THE CHARLES SCHWAB CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdictio ...

Summary of The Charles Schwab Corporation 2022 Fall Business Update Conference Call Company Overview - **Company**: The Charles Schwab Corporation (NYSE:SCHW) - **Date**: October 27, 2022 - **Participants**: - Walt Bettinger - Co-Chairman and CEO - Rick Wurster - President - Peter Crawford - CFO Key Industry Insights - **Market Conditions**: The third quarter of 2022 was challenging for investors due to aggressive Federal Reserve rate hikes and declining equity markets, with the S&P 500 and NASDAQ showing year-to-date losses between 25% and 32% [4][30]. - **Client Behavior**: Despite low investor sentiment, clients remained engaged, with net equity buys exceeding net sales and over $8 billion flowing into advisory services [5][30]. Core Company Strategies - **Through Clients' Eyes Strategy**: This approach focuses on understanding and meeting client needs, contributing to a strong organic asset growth rate of 7%, equating to $115 billion in net new assets [4][30]. - **Cash Management**: The company views client cash sorting as a positive trend, encouraging clients to move cash into higher-yielding options, which is expected to enhance revenue and net interest margins [6][9][35]. Financial Performance Highlights - **Revenue Growth**: Revenue increased by 20% year-over-year and 8% sequentially, driven by a 44% increase in net interest revenue [31]. - **Net Interest Margin**: The net interest margin rose by 52 basis points year-over-year to 197 basis points, reflecting higher interest-earning assets [31]. - **Earnings Per Share**: Adjusted EPS reached a record of $1.10 [31]. Integration and Acquisition Updates - **Ameritrade Integration**: The integration is on track, with 98% to 99% of clients expected to be converted by 2023. The integration costs are projected to be about 10% higher than initially anticipated due to inflation and geopolitical factors [10][12][14]. - **Client Retention**: The company has focused on retaining high-end clients and enhancing the overall investing experience through combined capabilities from Schwab and Ameritrade [11]. Strategic Focus Areas - **Wealth Management**: Strong engagement in wealth management solutions, with Schwab Wealth Advisory and Schwab Advisor Network attracting net flows of $2.6 billion and $5.2 billion, respectively [19][21]. - **Lending Opportunities**: The company is expanding its lending services, with a 31% increase in demand for Personal Access Lines (PAL) compared to the previous year [24][25]. - **Client Segmentation**: Enhancements in services for Registered Investment Advisors (RIAs) include expanding the institutional no transaction fee mutual fund offering, which adds over 800 funds [26]. Future Outlook - **Revenue Projections**: Assuming the Fed funds rate exits 2022 at 4.5%, the company expects an 11% to 13% year-over-year increase in revenue for 2023 [33]. - **Expense Management**: Full-year expense growth is expected to be on the lower end of the 7% to 8% range, with a focus on maintaining operational efficiency [33][70]. - **Cash Sorting Dynamics**: The company anticipates that client cash sorting will stabilize, with ample liquidity sources to support client needs [34][37]. Additional Considerations - **Market Volatility**: The company remains confident in its ability to navigate through market volatility and continue delivering strong financial performance [28][29]. - **Long-term Strategy**: The focus on a "no trade-offs" approach aims to balance competitive rates, enhanced digital experiences, and tailored service models for clients [25][39]. This summary encapsulates the key points discussed during the conference call, highlighting the company's strategies, financial performance, and outlook amidst challenging market conditions.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock – $.01 par value per share SCHW New York Stock Exchange Depositary Shares, each representing a 1/40th ownership interest in a share of 5.95% Non-Cumulative Preferred Stock, Series D SCHW PrD New York Stock Exchange Depositary Shares, each representing a 1/40th ownership interest in a share of 4.450% Non-Cumulative Preferred Stock, Series J SCHW ...

The Charles Schwab Corporation (NYSE:SCHW) 2022 Summer Business Update Conference July 28, 2022 11:00 AM ET Company Participants Jeff Edwards - MD, IR Walt Bettinger - Co-Chairman and CEO Rick Wurster - President Peter Crawford - CFO Conference Call Participants Ken Worthington - JPMC Rich Repetto - Piper Sandler Dan Fannon - Jefferies Craig Siegenthaler - Bank of America Brian Bedell - Deutsche Bank Jeff Edwards Good morning, everyone. Welcome to Schwab's 2022 Summer Business Update. This is Jeff Edwards, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock – $.01 par value per share SCHW New York Stock Exchange Depositary Shares, each representing a 1/40th ownership interest in a share of 5.95% Non-Cumulative Preferred Stock, Series D SCHW PrD New York Stock Exchange Depositary Shares, each representing a 1/40th ownership interest in a share of 4.450% Non-Cumulative Preferred Stock, Series J SCHW ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 1-9700 THE CHARLES SCHWAB CORPORATION (Exact name of registrant as specified in its charter) Delaware 94-3025021 (State or other ...