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The Charles Schwab Corporation (SCHW)

- NYSE
  • Fri, Jan. 16, 9:11 AM
    • Charles Schwab (NYSE:SCHW): Q4 EPS of $0.25 beats by $0.01.
    • Revenue of $1.55B (+7.6% Y/Y) beats by $20M.
    • Shares +0.11% PM.
    • Press Release
    | Comment!
  • Fri, Jan. 16, 9:09 AM
    • Q4 net income of $350M or $0.25 per share vs. $319M and $0.23 one year ago. One-time items boosted earnings this year by about $20M or $0.01 per share. For the year, the company earned $1.321B, up 23% from a year ago.
    • Pre-tax margin for the quarter of 35.7%; for the year of 34.9% vs. company goal of 34%.
    • Asset management revenue of $641M vs. $608M in Q4 one year ago. Money market fee waivers of $193M vs. $182M a year ago.
    • Net interest revenue of $584M vs. $532M.
    • Trading revenue of $239M vs. $231M.
    • DARTs of 315K up 17% Y/Y.
    • SCHW +0.1% premarket
    • Press release
    | Comment!
  • Oct. 15, 2014, 10:29 AM
    • Q3 net income of $321M or $0.24 per share vs. $290M and $0.22 one year ago. Two nonrecurring items reduced pre-tax income by $23M, or $0.01 per share.
    • $34.7B in new assets taken in, a 6% annualized growth rate. Total client assets of $2.4T up 12% Y/Y.
    • CEO Walt Bettinger notes heightened volatility led to increased utilization of help and advice services. $1.19T of client assets are receiving some form of ongoing advisory service, up 15% from a year ago.
    • Money market fee waivers (thanks to ZIRP) of $190M vs. $180M one year ago - not an insignificant amount considering quarterly earnings were $321M.
    • Previously: Charles Schwab EPS in-line, beats on revenue
    • SCHW -2.9%
    | Comment!
  • Oct. 15, 2014, 8:50 AM
    • Charles Schwab (NYSE:SCHW): Q3 EPS of $0.24 in-line.
    • Revenue of $1.55B (+13.1% Y/Y) beats by $50M.
    • Press Release
    | Comment!
  • Jul. 16, 2014, 10:08 AM
    • Net income of $324M or $0.23 per share vs. $256M and $0.18 one year ago. Pre-tax profit margin of 35.3% up from 30.8%. ROE of 12% up from 10%.
    • $22.7B in new assets during quarter, the best Q2 in six years. 242K new brokerage accounts, with active brokerage accounts up to 9.3M. Total client assets of $2.4T up 17% Y/Y.
    • Asset management and administration fees of $632M up from $572M. Net interest revenue of $562M up from $473M. Expenses of $957M up from $925M.
    • Fed rate hikes are eagerly awaited - money market fee waivers of $183M vs. $157M a year ago.
    • Previously: Charles Schwab EPS in-line, beats on revenue
    • SCHW +0.4%
    | Comment!
  • Jul. 16, 2014, 8:50 AM
    • Charles Schwab (NYSE:SCHW): Q2 EPS of $0.23 in-line.
    • Revenue of $1.48B (+10.4% Y/Y) beats by $10M.
    • Press Release
    | Comment!
  • Jul. 15, 2014, 5:30 PM
  • Apr. 15, 2014, 9:44 AM
    • Charles Schwab (SCHW +2.8%) opens higher after reporting a 58% rise in Q1 profit, ahead of analyst expectations, due to a rise in trading commissions and fees for managing client assets.
    • CEO Walt Bettinger says SCHW executed an average of 553,600 trades per day during the quarter, up 11% Y/Y and the highest volume in its history; total client assets of $2.31T also is an all-time high.
    • Added $34.2B of net new assets during the quarter, a 6% annualized organic growth rate; new brokerage accounts increased by 258K, up 6% Y/Y.
    • Q1 asset management and administration fees rose 11% to $611M, while trading revenue also increased 11% to $247M.
    • Other discount brokers also are higher: AMTD +1.1%, ETFC +1.9%, LPLA +1.4%, IBKR +1%.
    | Comment!
  • Apr. 15, 2014, 9:22 AM
    • The Charles Schwab Corporation (SCHW): Q1 EPS of $0.24 beats by $0.02.
    • Revenue of $1.47B (+14.0% Y/Y) in-line.
    • Press Release
    | Comment!
  • Jan. 16, 2014, 9:03 AM
    • Net income of $319M up 51% Y/Y on revenue of $1.435B up 18%. Pre-tax profit margin of 34.7% compares to 28.3% a year ago. ROE of 13% vs. 9%.
    • CEO Walt Bettinger: "After a long period of progress masked by environmental headwinds, our standout financial performance in 2013 more clearly reflected the significant growth we've achieved with our through clients eyes strategy."
    • Core net new assets of $140.8B up 25% Y/Y. 9.1M active brokerage accounts and 916K banking accounts, up 3% and 6%, respectively.
    • CFO Joe Martinetto notes the firm's gains come even without much change in the interest rate environment which continues to put a hamper on earnings. Money market fund fee waivers of 182M compare to $142M a year ago (this on total firm net income of $319M for the Q).
    • Press release, Q4 results
    • SCHW +3% premarket
    | Comment!
  • Jan. 16, 2014, 8:56 AM
    • The Charles Schwab Corporation (SCHW): Q4 EPS of $0.23 beats by $0.02.
    • Revenue of $1.43B beats by $30M.
    • Press Release
    | Comment!
  • Oct. 15, 2013, 9:03 AM
    • Q3 net income of $290M gained 17% from a year ago on revenues of $1.4B, up 15%. Pre-tax profit margin of 33.8% compares to 30.2% a year ago. Core net new asset growth of $43B in Q3 was 97% higher than a year ago and the best result ever for a summer quarter. YTD core net new asset growth of 7.4%.
    • Net interest revenue of $506M up 15.3% Y/Y. $180M of fee waivers in Q3 vs. $136M a year ago (this money flows straight to the bottom line if short-term interest rates increase just a small amount).
    • Reaffirmed 2014 outlook assumes ongoing economic recovery and interest rates and client activity "at or above recent levels."
    • Q3 results, press release.
    • SCHW +2.7% premarket.
    | Comment!
  • Oct. 15, 2013, 9:02 AM
    • Charles Schwab (SCHW): Q3 EPS of $0.22 beats by $0.02.
    • Revenue of $1.37B (+15% Y/Y) beats by $0.03B. (PR)
    | Comment!
  • Jul. 16, 2013, 8:55 AM
    Charles Schwab (SCHW): Q2 EPS of $0.18 misses by $0.01. Revenue of $1.34B beats by $0.02B. (PR)
    | Comment!
  • Apr. 15, 2013, 9:04 AM
    More on Schwab (SCHW) Q1 earnings: Pre-tax profit margin of 25.7% vs. 26.3% a year ago. Compensation expenses were boosted $30M in Q4 due to one-time accounting issues, but are expected to decline $50M in Q2 and show "limited growth" for remainder of year. Company expects 30% pre-tax profit margin and EPS in the "mid-$0.70s" for FY2013. (PR)
    | Comment!
  • Apr. 15, 2013, 8:57 AM
    Charles Schwab (SCHW): Q1 EPS of $0.15 misses by $0.01. Revenue of $1.29B beats by $0.02B. (PR)
    | Comment!
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Company Description
Charles Schwab Corp is a savings and loan holding company, which through its subsidiaries is engaged in securities brokerage, banking and related financial services. It operates in two segments namely Investor Services and Advisor Services.