Charles Schwab Corp SCHW

Alternate Symbol(s): SCHW.P.D | SCHW.P.J

Financial Services Asset Management

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.

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Charles Schwab Corp

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Post by bc4uon Oct 15, 2012 9:23am

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Post# 20483463

SCHWAB REPORTS GROWTH IN THIRD QUARTER REVENUE AND

SCHWAB REPORTS GROWTH IN THIRD QUARTER REVENUE AND INCOME

Core Net New Assets Rise 23% Year-Over-Year
Diversified Revenues and Operating Discipline Continue to Drive Financial Performance

SAN FRANCISCO, Oct. 15, 2012 – The Charles Schwab Corporation announced today that its net income for
the third quarter of 2012 was $247 million, down 10% from $275 million for the second quarter of 2012, and up
12% from $220 million for the third quarter of 2011. Net income for the nine months ended September 30, 2012
was $717 million, up 2% year-over-year. The company’s third quarter and year-to-date financial results include a
non-recurring state tax benefit of approximately $20 million. Schwab’s year-to-date results also include an aftertax
gain of approximately $44 million relating to the resolution of a vendor dispute, which was recorded in the
second quarter.

https://www.aboutschwab.com/images/investor/q3_2012_release.pdf

Schedules Only (223 KB)
https://www.aboutschwab.com/investor_relations/financial_reports