Charles Schwab (SCHW) is scheduled to report fourth-quarter and full year 2023 results on Jan 17, before market open. Its revenues and earnings in the quarter are expected to have declined on a year-over-year basis.In the third quarter of 2023, Schwab’s earnings beat the Zacks Consensus Estimate. Results benefited from the solid performance of the asset management business. However, a fall in revenues due to higher funding costs and lower volatility posed a major headwind.The company has an impressive earni ...

jetcityimage Investment Thesis In essence, Charles Schwab (NYSE:SCHW) is a name and brand I'd gladly own. Regardless of industry specifics, valuations, or margins, we're talking about a top-tier company with exceptional brand awareness. That's Charles Schwab. A leading investment services firm with $8.18 trillion in client assets, Schwab's trusted brand boasts over 50 years of experience. It recently expanded even further through its $26 billion acquisition of TD Ameritrade. While I believe the current admi ...

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, 2023 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 ...

The Charles Schwab Corporation (NYSE:SCHW) 2023 Fall Business Update Conference Call October 16, 2023 9:00 AM ET Company Participants Jeff Edwards - Head of Investor Relations Walter Bettinger - Co-Chairman and Chief Executive Officer Rick Wurster - President Peter Crawford - Managing Director and Chief Financial Officer Conference Call Participants Kenneth Worthington - JPMorgan Patrick Moley - Piper Sandler Brennan Hawken - UBS Kyle Voigt - KBW Daniel Fannon - Jefferies Steven Chubak - Wolfe Research Alex ...

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 June 30, 2023 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 ot ...

Summary of Charles Schwab Corporation 2023 Summer Business Update Conference Call Company Overview - **Company**: The Charles Schwab Corporation (NYSE:SCHW) - **Date of Call**: July 18, 2023 - **Participants**: - Walt Bettinger - Co-Chairman and CEO - Rick Wurster - President - Peter Crawford - CFO - Jeff Edwards - Head of Investor Relations Key Industry Insights - **Current Economic Environment**: The second quarter showed signs of an improving economic environment with moderating inflation and a pause in interest rate increases by the Federal Reserve [7][8] - **Market Activity**: Investor sentiment turned positive, with clients making over five million trades per day and net new assets of over $180 billion year-to-date [8][9] Core Company Performance - **Client Engagement**: - Average speed to answer phone calls was under 20 seconds, indicating strong client service during the integration of Ameritrade clients [9] - Approximately two million new accounts opened year-to-date [8] - **Financial Metrics**: - Revenue for the quarter was nearly $5 billion with an adjusted pretax margin over 40% [28] - Year-to-date organic growth rate remains above 5% [23][24] Strategic Initiatives - **Ameritrade Integration**: - Successfully migrated over five million client accounts from Ameritrade to Schwab, with no material issues reported [13][14] - Anticipated realization of $1 billion in expense synergies from the integration, with $500 million expected in 2024 [11][72][82] - **Client Segmentation**: Launched new branded experiences for high-net-worth clients, enhancing service offerings [21][22] Growth Opportunities - **Wealth Management**: - Schwab Wealth Advisory saw $5.9 billion in net flows for the first half of 2023, an increase of 89% year-over-year [19] - Significant untapped demand for advice among Ameritrade clients, with only 6-7% currently utilizing advisory services compared to 19% at Schwab [45][61] - **Lending Solutions**: New digital experiences for lending products are being rolled out, aiming to capture market share as the lending environment improves [77][78] Financial Outlook - **2023 Projections**: Expected year-over-year revenue decline of approximately 7-8%, with net interest margin anticipated to stabilize and grow [34][36] - **2024 Expectations**: Anticipated strong growth in revenue and profitability, with a focus on expanding net interest margin and realizing expense synergies [36][39] Risks and Challenges - **Market Volatility**: The company acknowledges the potential impact of market volatility and interest rate changes on financial performance [28][29] - **Client Cash Allocation**: Recent trends in client cash allocation have affected interest-earning assets, but a return to normal is expected as client engagement stabilizes [30][31][33] Additional Insights - **Technological Enhancements**: Investments in technology and client service are expected to drive future growth and improve client experiences [15][18] - **Competitive Positioning**: Schwab's competitive advantages include size, scale, operating efficiency, and a strong service culture, which are expected to support long-term growth [10][12] This summary encapsulates the key points discussed during the conference call, highlighting the company's strategic direction, performance metrics, and outlook for the future.

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 March 31, 2023 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 o ...

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 ...