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 |
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, Corporate Secretary | 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, as well as other corporate brokerage services, to businesses and their employees. The Advisor Services segment provides custodial, trading, banking and trust, and support services, and retirement business services, to independent registered investment advisors, independent retirement advisors, and recordkeepers. Its products and services include brokerage, mutual funds, exchange-traded funds, advice solutions, alternative investments, banking and trust. |
Financial Overview |
For the three months ended 31 March 2024, Charles Schwab Corp revenues increased 1% to $6.45B. Net income applicable to common stockholders decreased 18% to $1.25B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Depreciation and amortization increase of 29% to $228M (expense). Dividend per share remained flat at $0.25. |
Employees: | 32,600 as of Mar 31, 2024 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $446,193M as of Mar 31, 2024 |
Annual revenue (TTM): | $25,607M as of Mar 31, 2024 |
EBITDA (TTM): | $8,258M as of Mar 31, 2024 |
Net annual income (TTM): | $4,367M as of Mar 31, 2024 |
Free cash flow (TTM): | $5,501M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $292,978M as of Mar 31, 2024 |
Shares outstanding: | 1,828,174,999 as of Apr 30, 2024 |
Index Membership: | S&P 500 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |