/Contents 23 0 R Read the latest company news, explore Schwab-sponsored research findings, and learn about our experts. /Resources 36 0 R Strong revenue growth and disciplined expense management enabled us to produce a 43.0% pre-tax profit margin for the fourth quarter 48.4% on an adjusted basis(1) and helped our full-year margins reach 41.6% and 47.5%, respectively. PDF 1Q21 Exhibit 99.1 03.31 - content.schwab.com 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. endobj << As the participation rights, including dividend and liquidation rights, are identical between the voting and nonvoting stock classes, basic and diluted earnings per share are the same for each class. >> Transcript : Stifel Financial Corp., Q1 2023 Earnings Call, Apr 26 Revenue declined by 2% to $2.61 billion. /Contents 25 0 R /MediaBox [0.0 0.0 612.0 792.0] This reflects a positive earnings . The Charles Schwab Corporation (SCHW) Q4 Earnings and Revenues Lag The Charles Schwab Corporation (SCHW) came out with quarterly earnings of $0.86 per share, missing the Zacks Consensus Estimate of $0.88 per share. But client holdings in Schwabs money market funds rose by nearly $80 billion, or 28 percent. 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. (2b7a08845035484f80980aa360534190_19) [14 0 R /XYZ null 764 null] >> 14 0 obj /MediaBox [0.0 0.0 612.0 792.0] << /Parent 2 0 R Read or listen to the conference call. The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. More information is available at https://www.aboutschwab.com. These preliminary estimates are intended to provide a directional view of client trading activity during a given weekly period. 13 0 obj >> << /Dest [6 0 R /XYZ null 755 null] /Length 3134 /Creator (Workiva) 2023Charles Schwab & Co., Inc, All rights reserved. Management, Acquisition and integration-related costs and amortization of acquired intangible assets. /Type /Page WESTLAKE, Texas--(BUSINESS WIRE)-- /Parent 3 0 R Charles Schwab (NYSE:SCHW) has a recorded annual revenue of $21.21 billion. Usage will be monitored. >> /Type /Pages The Update, which will be held via webcast, is scheduled to run from approximately 8:00 a.m. - 12:30 p.m. PT, 11:00 a.m. - 3:30 p.m. In December 2021, banking accounts were reduced as a result of inactive account closures. 16 0 obj /Type /Page Balance sheet assets = $391.2 billion, down 20% year-over-year. /Type /Page Were investing our resources where we can make the most difference in areas that align with our business. /Last 19 0 R << Fourth quarter of 2020 includes inflows of $680.6 billion related to the acquisition of TD Ameritrade. /Contents 33 0 R The brokerage giant, which has been swept into the turmoil surrounding the banking sector, seemed to ease fears about its financial health in its latest earnings report.
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