/MediaBox [0.0 0.0 612.0 792.0] /Version /1.4 Includes institutional funds available only to Investment Managers. Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. /Parent 2 0 R For a 13-week history of trading activity >, For the current monthly report of other client activity >. /Contents 24 0 R endobj While some measures of engagement eased from the extraordinary levels seen during the first quarter 2021 re-opening surge, activity generally exceeded the fourth quarter of 2020, when we included TD Ameritrade in our results for the first time, and core net new assets set yet another record over the final three months of 2021 at $162.2 billion. As an equal employment opportunity employer, our policy is to provide equal employment opportunities to all employees and applicants without regard to any status that is protected by law (Equal Employment Opportunity policy). << These non-GAAP measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and may not be comparable to non-GAAP financial measures presented by other companies. (2b7a08845035484f80980aa360534190_7) [11 0 R /XYZ null 774 null] /Type /Page /Resources 39 0 R /Count 12 These estimates are subject to change and may be updated based on additional information. /Kids [6 0 R 7 0 R 8 0 R 9 0 R 10 0 R 11 0 R 12 0 R 13 0 R 14 0 R 15 0 R The banks balance sheet held billions of dollars in bonds that dropped in value as the Federal Reserve rapidly raised interest rates. endobj /Count 0 endobj Schwab Reports Record Quarterly and Full-Year Earnings Per Share, Service is at Schwab is a full-service wealth management leader, FINANCIAL REPORTS & PRESENTATIONS Placeholder. Other important factors include general market conditions, including equity valuations, trading activity, and the level of interest rates which can impact money market fund fee waivers; market volatility; client use of the companys advisory solutions and other products and services; client sensitivity to rates; level of client assets, including cash balances; capital and liquidity needs and management; the migration of bank deposit account balances; balance sheet cash; the scope and duration of the COVID-19 pandemic and actions taken by governmental authorities to contain the spread of the virus and the economic impact; adverse developments in the resolution and settlement amount of the pending regulatory matter; and other factors set forth in the companys most recent reports on Form 10-K and Form 10-Q. Phone: 415-667-1525 Charles Schwab Phone: 415-667-1524 SCHWAB REPORTS RECORD QUARTERLY EARNINGS PER SHARE Core Net New Assets Rise 28% Sequentially to $139.0 Billion, a Third Quarter Record Total Client Assets Reach $7.61 Trillion, up 14% Year-to-Date WESTLAKE, Texas, October 15, 2021 - The Charles Schwab Corporation announced today that its net income /Next 42 0 R /Type /Page /Parent 2 0 R Schwabs stock, which plunged after the company was swept into the banking turmoil following the collapse of Silicon Valley Bank last month, rose after the report. Represents average total interest-earning assets on the companys balance sheet. << ] We ended the year with $8.14 trillion in client assets across 33.2 million brokerage accounts, increases of 22% and 12%, respectively., Mr. Bettinger added, Even as we worked to support unprecedented levels of client activity during 2021, the Schwab team continued to drive progress across our key strategic priorities of scale and efficiency, win-win monetization, and segmentation. Note: Certain supplemental details related to the information above can be found at. (9c39be1f4da044a4952a43d29436c913_7) [10 0 R /XYZ null 774 null] Amortization of acquired intangible assets is excluded because management does not believe it is indicative of the Companys underlying operating performance. The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. Member SIPC. CEO Walt Bettinger said, We delivered another year of record-breaking growth and financial performance in 2021 by staying true to our 'Through Clients Eyes' strategy in the face of a fluctuating environment. /Dest [6 0 R /XYZ null 755 null] Entering text into the input field will update the search result below. << Member SIPC. Management, Acquisition and integration-related costs and amortization of acquired intangible assets. endobj 5 0 obj 16 0 R] Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (MemberSIPC), offers investment services and products, including Schwab brokerage accounts. >> To make the world smarter, happier, and richer. Were investing Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. I believe that achieving this level of profitability in 2021, on revenues that approached $19 billion despite the persistence of historically low interest rates, is a testament to the combined Schwab teams relentless attention to driving scale and efficiency thats what enables us to provide clients with the service they trust us to deliver while continuing to invest in our strategic agenda., Mr. Crawford added, Our balance sheet expanded to end 2021 with total assets of $667 billion, up 22% versus December 31, 2020. Includes various asset-related fees, such as trust fees, 401(k) recordkeeping fees, and mutual fund clearing fees and other service fees. Revenue was up $532.00 million from the same . /C [0.0 0.0 0.0] Outstanding mortgage and home equity loans = $26.0 billion, up 12% year-over-year. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Learn more on SCHW's earnings history. /Count 11 >> /Parent 3 0 R >> /Creator (Workiva) >> %PDF-1.4 endobj Schwab is committed to building a diverse and inclusive workplace where everyone feels valued. Charles Schwab (NYSE:SCHW) has a recorded net income of $7.18 billion. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. 21 0 obj XBRL is not an accounting standard; it is simply a standard for transmitting business and financial data. 15 0 obj Did Charles Schwab beat their earnings estimates last quarter? (2b7a08845035484f80980aa360534190_1) [6 0 R /XYZ null 755 null] The Charles Schwab Corporation (SCHW) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of $1.05 per share. Learn about our purpose, values, and what makes us different. Acquisitions typically result in the recognition of significant amounts of goodwill and acquired intangible assets. 16 0 R 17 0 R] Silicon Valley Bank held similar bonds, and when it was forced to sell some at a loss, nervous depositors demanded their money in a classic run on the bank. /Resources 23 0 R Maintaining a rock-solid balance sheet and robust capital position enables us to concentrate on leveraging our client focus into sustained business momentum that helps build long-term stockholder value.. /Parent 2 0 R /Parent 2 0 R /Resources 21 0 R Client assets in proprietary and third-party purchased money market funds totaled $343.5 billion, up 179% year-over-year. /MediaBox [0.0 0.0 612.0 792.0] 1 0 obj At Charles Schwab, we encourage everyone to take ownership of their financial life by asking questions and demanding transparency. >> Its banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides deposit and lending services and products. purpose, values, and what makes us different. Charles Schwab Phone: 415-667-1525 INVESTORS/ANALYSTS: Jeff Edwards Charles Schwab Phone: 415-667-1524 SCHWAB REPORTS SECOND QUARTER RESULTS Core Net New Assets Total $108.8 Billion, a Second Quarter Record Client Assets Reach a Record $7.57 Trillion WESTLAKE, Texas, July 16, 2021 - The Charles Schwab Corporation announced today that its net . /Dest [6 0 R /XYZ null 755 null] N/M Not meaningful. << Customer deposits dropped significantly in the first quarter, falling by $41 billion, or 11 percent, from the previous quarter. Represents average TD Ameritrade clients uninvested cash sweep account balances held in deposit accounts at third-party financial institutions. How much revenue does Charles Schwab generate each year? << Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons. Invest better with The Motley Fool. The corporation currently does not hold earnings release conference calls. Record GAAP Earnings Per Share of $.99, $1.10 Adjusted (1) as Company Delivers Growth Plus Capital Return WESTLAKE, Texas, October 17, 2022 - The Charles Schwab Corporation announced today that its net income for the third quarter of 2022 was a record $2.0 billion compared with $1.8 billion for the second quarter of 2022, and $1.5 endobj Schwabs executives acknowledged that these higher costs would continue to hit profits in the immediate future, but that it was a manageable challenge and one it expected to taper off over the next several quarters. Q2 2022 Earnings Call Transcript. /MediaBox [0.0 0.0 612.0 792.0] According to the National Investor Relations Institute, over 90% of companies represented by the group's members conduct earnings calls. WESTLAKE, Texas--(BUSINESS WIRE)-- endobj Explore our offerings, who we serve, and our history of innovation. (b63af4ae3afb4c71a20a231bf537f12c_1) [6 0 R /XYZ null 755 null] /Title (4Q22 Exhibit 99.1 _12.31.2022) /Contents 24 0 R 15 0 obj July 2022:Schwab's CEO and CFO discuss financial performance and corporate goals with financial analysts and institutional investors. Charles Schwab has generated $3.66 earnings per share over the last year ($3.66 diluted earnings per share) and currently has a price-to-earnings ratio of 14.2. (In millions, except per share amounts and as noted). /Title (Text) endobj /MediaBox [0.0 0.0 612.0 792.0] Earnings Summary. /Contents 20 0 R our mission. See All SCHW Interviews Transcripts CY 2022 /Type /Catalog 16 0 R] Our ongoing capital management and healthy financial performance helped support consistently solid returns on capital throughout the year we delivered a double-digit return on equity and a ROTCE(1) of at least 20% every quarter, ending with full-year results of 11% and 22%, respectively., Mr. Crawford concluded, The operating environment, our own strategic and competitive success, and unprecedented levels of client engagement and activity all came together in 2021 to help us deliver impressive financial performance. /Contents 26 0 R Following four recent acquisitions, including the largest brokerage transaction in history, Im particularly proud of our progress in uniting as a single team, pulling in the same direction through challenge after challenge, supporting each other and our clients as we pursue Chuck Schwabs vision. Represents the principal value of client ETF transactions handled by Schwab, including transactions in proprietary ETFs. our resources where we can make the most difference in areas that align with our /MediaBox [0.0 0.0 792.0 612.0] /Version /1.4 << Charles Schwab generated a profit of $1.6 billion in the first quarter of the year, it said Monday, faring better than Wall Street expected and seeming to ease recent concerns . >> The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 33.6 million active brokerage accounts, 2.2 million corporate retirement plan participants, 1.6 million banking accounts, and approximately $7.86 trillion in client assets. How much profit does Charles Schwab generate each year? 16 0 obj Investor Relations Interim Business Update Results - Earnings Call Transcript 2013. Learn more about our services for non-U.S. residents. /Prev 43 0 R business. /Names [(2b7a08845035484f80980aa360534190) [6 0 R /XYZ null 755 null] endobj /Type /Page stream Net profit, [] (Unaudited). /Count 0 endobj /MediaBox [0.0 0.0 612.0 792.0] << Fed is set to raise rates yet again. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (MemberSIPC), offers investment services and products, including Schwab brokerage accounts. Learn more on analysts' earnings estimate vs. SCHW's actual earnings. This site is designed for U.S. residents. Asset Management and Administration Fees Information, Schwab equity and bond funds, ETFs, and collective trust funds (CTFs), Mutual Fund OneSource and other non-transaction fee funds, Other third-party mutual funds and ETFs (1), Total asset management and administration fees. /Parent 2 0 R /Resources 24 0 R Power 2023 Full-Service Investor Satisfaction Study, Schwab is a full-service wealth management leader, FINANCIAL REPORTS & PRESENTATIONS Placeholder, Our recent SEC filings include Form 10-Q, Form 10-K, Schwab is committed to building a diverse and inclusive workplace where everyone feels valued. Revenue per trade is calculated as trading revenue divided by DATs multiplied by the number of trading days. /Contents 20 0 R Learn more about our services for non-U.S. residents. /Contents 23 0 R << /C [0.0 0.0 0.0] /Parent 2 0 R endobj >> Should You Be Too? The following SCHWAB (CHARLES) CORP conference call took place on October 27, 2015, 11:00 AM ET. << Our IR program is designed to provide regular updates to executive managements priorities and perspectives on company performance and outlook. Anyone can read what you share. endobj Fourth quarter of 2020 includes inflows of $890.7 billion related to the acquisition of TD Ameritrade. << (b63af4ae3afb4c71a20a231bf537f12c_16) [12 0 R /XYZ null 760 null] program is designed to provide regular updates to executive managements priorities and /First 17 0 R 7 0 obj Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. >> bring you information that fosters that ownership, because we believe that the best outcomes in life come from being fully engaged. /Kids [6 0 R 7 0 R 8 0 R 9 0 R 10 0 R 11 0 R 12 0 R 13 0 R 14 0 R 15 0 R /MediaBox [0.0 0.0 612.0 792.0] Unauthorized access is prohibited. /MediaBox [0.0 0.0 612.0 792.0] /Parent 2 0 R Fourth quarter of 2020 includes 14.5 million new brokerage accounts related to the acquisition of TD Ameritrade. /MediaBox [0.0 0.0 612.0 792.0] Financial services company The Charles Schwab Corporation (NYSE: SCHW) on Monday reported higher earnings and revenues for the third quarter of 2022. Quarterly Earnings Report The financial report for the calendar quarter, including monthly summary of client and asset gathering activity at Schwab, is reported on or around the eleventh business day of the month following the end of each quarter. Real-time analyst ratings, insider transactions, earnings data, and more. Achievement of these expectations and objectives is subject to risks and uncertainties that could cause actual results to differ materially from the expressed expectations. << Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker, CEO Walt Bettinger on 2018 Fall Business Update - Transcript, Investor Relations Interim Business Update Results - Earnings Call Transcript, CEO Hosts Summer 2013 Business Update Conference (Transcript), The Charles Schwab's CEO Hosts Annual Shareholder Meeting (Transcript), The Charles Schwab Corporation - Special Call. << /Contents 22 0 R Our recent SEC filings include Form 10-Q, Form 10-K, and Form 8-K. Financial Highlights (1) Three Months Ended March 31, 20232022%Change Net revenues (in millions)Net income (in millions) GAAP (b63af4ae3afb4c71a20a231bf537f12c_22) [14 0 R /XYZ null 606 null] >> If you experience any issues with this process, please contact us for further assistance. >> /Parent 2 0 R /MediaBox [0.0 0.0 612.0 792.0] /Contents 28 0 R Pivoting to expenses, our total GAAP spending was essentially flat versus a year ago at $2.7 billion, which included $101 million in acquisition and integration-related costs and $154 million in amortization of acquired intangibles. potential? Charles Schwab February 2021 includes an outflow of $14.4 billion from a mutual fund clearing services client. To see all exchange delays and terms of use please see Barchart's disclaimer. /First 18 0 R /MediaBox [0.0 0.0 792.0 612.0] With a challenger heritage and a Main Street approach, these are the stories of our people, our culture, and our mission. As an equal employment opportunity employer,our policy is to provide equal employment opportunities to all employees and applicants without regard to any status that is protected by law(. >> The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. /MediaBox [0.0 0.0 792.0 612.0] /Outlines 3 0 R /Title (1Q23 Exhibit 99.1 _03.31.23) 4 0 obj endobj Net income decreased by 9% to $852 million or $0.62 per share. news, explore Schwab-sponsored research findings, and learn about our experts.. Charles Schwab