The Charles Schwab Corporation

The Charles Schwab Corporation provides securities brokerage and financial services to individual investors and the independent investment advisors who work with them.

Schwab Facts

Headquarters	San Francisco
History	Charles Schwab and Co., Inc. was launched in 1973 and began offering discount brokerage on May 1, 1975. The Charles Schwab Corporation was incorporated in 1986 and conducted its initial public offering in 1987.
Management	Charles R. Schwab, Founder, Chairman & Chief Executive Officer Walter W. Bettinger II, President & Chief Operating Officer Schwab Management Committee
Employees	13,400 full-time employees
Ticker symbol	SCHW
Client assets	$1.4 trillion, as of Mar. 31, 2008
Client accounts	7.2 million client brokerage accounts 1.3 million corporate retirement plan participants 318,000 banking accounts
Philanthropy	The Charles Schwab Foundation makes average annual contributions of more than $2.85 million to more than 2,400 nonprofit organizations.

Financial Results

The Charles Schwab Corporation has announced that its income from continuing operations (which excludes U.S. Trust) was $305 million for the first quarter of 2008, up 29% from the first quarter of 2007.

Financial results through the first three months of the year are as follows:

	Three Months Ended Mar. 31, 2008	Three Months Ended Mar. 31, 2007
Net revenues (in millions)¹	$1,307	$1,153
Net income (in millions)	$305	$273
Diluted earnings per share	$0.26	$0.22
Pre-tax profit margin	38.9%	33.9%
Return on stockholders' equity	33%	22%

¹ Prior period amounts are presented on a continuing operations basis to exclude U.S. Trust, which was sold on July 1, 2007.

Corporate Structure

Through its operating subsidiaries, The Charles Schwab Corporation (Nasdaq:SCHW) provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent financial advisors.

The corporation includes three primary business segments.

Schwab Investor Services serves millions of individual investors, savers and borrowers through the schwab.com website, phone services and more than 300 U.S. branch offices, plus international and multicultural services.
Schwab Institutional provides custodial, operational and trading services for more than 5,000 independent investment advisors.
Schwab Corporate & Retirement Services administers retirement plans, equity compensation plans and other services for companies of all sizes.

Corporate Contacts

Schwab Corporate Headquarters
101 Montgomery Street
San Francisco, CA 94104
415-636-7000