The Charles Schwab Corporation (NYSE: SCHW) provides financial services to millions of individuals as well as institutional clients, including independent investment advisors and company plan sponsors.
Corporate Facts
- Employees: Over 14,000 full-time
- Headquarters: San Francisco
- History: The Charles Schwab Corporation was incorporated in 1986
- Leadership: Chairman Charles Schwab; President and Chief Executive Officer Walt Bettinger
Financial Highlights
The corporation reports results on a monthly, quarterly and annual basis. On a consolidated basis, the corporation posted annual net revenues of $4.7 billion for 2011. Additional information on Schwab's Financial Strength is included in company earnings releases and SEC filings.
The following financial results have been reported for the first quarter of 2012:
|
Consolidated Financial Results |
3 Months Ended |
3 Months Ended |
|
• Net Revenue (in millions) |
$1,189 |
$1,207 |
|
• Net Income (in millions) |
$195 |
$243 |
|
• Diluted earnings per share |
$0.15 |
$0.20 |
|
• Pre-tax profit margin |
26.3% |
32.6% |
|
• Return on Stockholders' equity (annualized) |
10% |
15% |
|
Client Assets & Accounts |
||
|
• Total client assets |
$1.83 trillion |
$1.65 trillion |
|
• Active brokerage accounts |
8.6 million |
8.0 million |
|
• Corporate retirement plan participants |
1.52 million |
1.44 million |
|
• Banking accounts |
801,000 |
719,000 |
Business Segments
Schwab provides financial services through two segments:
- Investor Services, which provides retail brokerage and banking operations, through Schwab Bank, to millions of individuals; and
- Institutional Services, which includes Advisor Services, Retirement Plan Services, Corporate Brokerage Services and Retirement Business Services.
Both segments offer financial products and services developed by Charles Schwab Investment Management Inc., the investment advisor for Schwab’s proprietary funds, as well as an extensive selection of third-party products. Both segments also offer advice solutions, including separately managed accounts, customized personal advice for tailored portfolios, specialized planning and full-time portfolio management.
Fact Sheets
- The Charles Schwab Corporation
- Investor Services
- Institutional Services
- Charles Schwab Bank
- Charles Schwab Investment Management
- Charles Schwab Foundation
More About Schwab
Corporate Headquarters
The Charles Schwab Corporation
211 Main Street
San Francisco, CA 94105