secwatch.observer — SEC 8-K summary
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Issuer:     SCHWAB CHARLES CORP (SCHW)
CIK:        0000316709
Form:       8-K
Filed at:   2023-07-18T23:59:59+00:00
Accession:  0000316709-23-000033
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Schwab Q2 net income $1.3B (-28% YoY); GAAP EPS $0.64, adjusted $0.75; total client assets >$8T
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- Net revenue $4.656B (-9% YoY); GAAP net income $1.294B (-28%); diluted GAAP EPS $0.64 (-26%).
- Adjusted net income $1.494B (-25%); adjusted diluted EPS $0.75 (-23%); adjusted pre-tax margin 42.0%.
- Total client assets exceeded $8 trillion; GAAP pre-tax margin 36.3% vs 44.6% a year ago.
- Return on average common equity 17% annualized; return on tangible common equity 62% annualized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/316709/000031670923000033/0000316709-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/316709/000031670923000033/schw-20230718.htm
  HTML page:      https://secwatch.observer/filing/0000316709-23-000033

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