secwatch.observer — SEC 8-K summary
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Issuer:     SCHWAB CHARLES CORP (SCHW)
CIK:        0000316709
Form:       8-K
Filed at:   2023-01-18T23:59:59+00:00
Accession:  0000316709-23-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Schwab reports record full-year EPS of $3.50 ($3.90 adjusted); revenue up 12% to $20.8B
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- Full-year net income rose 23% to a record $7.2B; GAAP diluted EPS $3.50, adjusted $3.90.
- Q4 net income $2.0B, up 25% YoY; diluted EPS $0.97 ($1.07 adjusted), beating prior year.
- Gathered $428B in core net new assets in 2022; added over 4 million new brokerage accounts.
- Net revenues for Q4 $5.5B (+17% YoY); full-year $20.8B, driven by higher asset management fees.
- Pre-tax profit margin improved to 45.2% GAAP (50.0% adjusted) for the full year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/316709/000031670923000004/0000316709-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/316709/000031670923000004/schw-20230118.htm
  HTML page:      https://secwatch.observer/filing/0000316709-23-000004

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