secwatch.observer — SEC 8-K summary
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Issuer:     SCHWAB CHARLES CORP (SCHW)
CIK:        0000316709
Form:       8-K
Filed at:   2022-07-18T23:59:59+00:00
Accession:  0000316709-22-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Charles Schwab Q2 net revenues rise 13% to $5.09B; GAAP EPS $0.87, adjusted $0.97
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- Net revenues $5.09B (+13% YoY); GAAP net income record $1.79B (+42% YoY); diluted EPS $0.87 ($0.59 prior year).
- Adjusted net income $1.98B (+34%); adjusted EPS $0.97 ($0.70 prior year); adjusted pre-tax margin 49.5%.
- Six-month net revenues $9.77B (+6% YoY); net income $3.20B (+16%); diluted EPS $1.54.
- Q2 included $94M acquisition integration costs and $154M amortization of acquired intangibles.
- Prior year Q2 included $200M charge for settled regulatory matter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/316709/000031670922000025/0000316709-22-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/316709/000031670922000025/schw-20220718.htm
  HTML page:      https://secwatch.observer/filing/0000316709-22-000025

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer