charles schwab earnings call transcript

<< (9c39be1f4da044a4952a43d29436c913_19) [13 0 R /XYZ null 764 null] For Charles Schwab's SCHW upcoming first quarter of 2023 earnings, we expect to see some signs of accelerated "cash sorting," with low-cost sweep deposits being moved into higher-yielding . /Parent 2 0 R endobj endobj /Next 42 0 R Learn about our purpose, values, and what makes us different. Quarterly and Annual Core Net New Assets Total $162.2 Billion and $558.2 Billion, Both Records Total Client Assets Reach a Record $8.14 Trillion at Year-end, up 22% Versus December 2020 The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2021 was a record $1.6 billion compared with $1.5 billion for the third quarter of 2021, and $1.1 billion for the . >> (2b7a08845035484f80980aa360534190_16) [13 0 R /XYZ null 580 null] << (b63af4ae3afb4c71a20a231bf537f12c_16) [12 0 R /XYZ null 760 null] endobj /F 2 /Next 45 0 R 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. 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. Play Earnings Call 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. Learn The Charles Schwab Corporation (NYSE: SCHW) is a leading investment services firm with $7.58 trillion in client assets Current Stock Activity View stock information Last Price $50.60 Change - .43 Volume 11,422,584 % Volume Change -0.84 Recent News April 26, 2023 Schwab Declares Common Stock Dividend and Declares Preferred Stock Dividends Returns as of 05/02/2023. /Contents 38 0 R At Charles Schwab, we promise to treat your data with respect and will not share your information with any third party. Furthermore, utilization of our bank lending capabilities rose at an even faster pace last year, with outstanding balances of mortgage loans and secured credit lines rising by a combined total of $11.0 billion, or 48%, during 2021 to end the year at $33.8 billion., Mr. Bettinger concluded, Successfully focusing on quality client service while pushing forward with firm-wide initiatives to build a stronger and more capable company would be demanding in any environment. endobj Were investing endobj /Parent 2 0 R >> endobj Financial Highlights (1) Three Months Ended March 31, 20232022%Change Net revenues (in millions)Net income (in millions) GAAP As of December 31, 2021, off-platform equity and bond funds, CTFs, and ETFs were $24.6 billion, $6.2 billion, and $92.3 billion, respectively. /Parent 3 0 R >> >> /Type /Outlines /Resources 30 0 R Our IR Note: The above table reflects the recognition of TD Ameritrades assets acquired and liabilities assumed at fair value as of October 6, 2020. onsemi Puts A Bottom in Chip Stocks, Heads For New Highs, Is my money safe? We kept the TDA integration on track, launched a newly combined version of our Schwab Advisor Network referral program, and hired over 3,000 client service professionals. These flows may span multiple reporting periods. Represents the principal value of client mutual fund transactions handled by Schwab, including transactions in proprietary funds.

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