Charles Schwab Corp (N:SCHW)

Business Focus: Investment Banking & Brokerage Services

Sector:  Financials Industry:  Investment Banking & Brokerage Services
 
See Regulatory Filings on SEC
Company Contact
Address: 3000 Schwab Way
WESTLAKE TX 76262
Tel: N/A
Website: https://www.schwab.com
IR: See website
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Key People
Walter W. Bettinger
Co-Chairman of the Board, Chief Executive Officer
Charles R. Schwab
Co-Chairman of the Board
Richard A. Wurster
President
Peter B. Crawford
Chief Financial Officer, Managing Director
Joseph R. Martinetto
Chief Operating Officer, Managing Director
Nigel J. Murtagh
Chief Risk Officer, Managing Director
Peter J. Morgan
General Counsel, Managing Director
Jonathan M. Craig
Managing Director, Head - Investor Services & Marketing
Bernard J. Clark
Managing Director, Head - Advisor Services
Business Overview
The Charles Schwab Corporation is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, asset management custody, and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, and banking and trust services to individual investors, and retirement plan services. The Advisor Services segment provides custodial, trading, banking and trust, and support services, as well as retirement business services to independent registered investment advisors (RIAs), independent retirement advisors and recordkeepers. The Company's product offerings include brokerage, mutual funds, exchange-traded funds (ETFs), advice solutions, banking and trust. The Company is also engaged in connecting the multifamily wealth community.
Financial Overview
For the fiscal year ended 31 December 2023, Charles Schwab Corp revenues increased 14% to $25.52B. Net income applicable to common stockholders decreased 30% to $4.65B. Revenues reflect Interest revenue increase of 32% to $16.11B, Asset management and administration fees increase of 13% to $4.76B. Net income was offset by Regulatory fees and assessments increase from $262M to $547M (expense), Other increase of 29% to $921M (expense).
Employees: 35,900 as of Sep 30, 2023
Reporting Currency: U.S. Dollars
Enterprise value: N/A
Annual revenue (TTM): $25,521M as of Dec 31, 2023
EBITDA (TTM): $8,602M as of Dec 31, 2023
Net annual income (TTM): $4,649M as of Dec 31, 2023
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: N/A
Shares outstanding: 1,822,575,354 as of Oct 31, 2023
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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