secwatch.observer — SEC 8-K summary
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Issuer:     SCHWAB CHARLES CORP (SCHW)
CIK:        0000316709
Form:       8-K
Filed at:   2024-07-16T23:59:59+00:00
Accession:  0000316709-24-000056
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Schwab reports record $9.4T client assets; core net new assets up 17% to $61.2B in Q2
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- Net income $1.33B, diluted EPS $0.66 GAAP; adjusted EPS $0.73 (down 3% YoY).
- Total client assets record $9.41T (+17% YoY); core net new assets $61.2B (+17%).
- Net revenues $4.69B (+1% YoY); adjusted pre-tax margin 41.0%.
- Record asset management fees $1.4B; managed investing net flows $25B YTD (+56%).
- Accrued $43M for industry-wide regulatory review of off-channel communications.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/316709/000031670924000056/0000316709-24-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/316709/000031670924000056/schw-20240716.htm
  HTML page:      https://secwatch.observer/filing/0000316709-24-000056

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