---
schema_version: "secwatch.filing_event.v1"
accession: "0000316709-24-000066"
form_type: "8-K"
ticker: "SCHW"
cik: "0000316709"
company_name: "SCHWAB CHARLES CORP"
filed_at: "2024-10-15T23:59:59+00:00"
generated_at: "2026-05-30T14:59:08.183772+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Schwab reports Q3 2024 net income of $1.4B, EPS $0.71, record client assets $9.92T

## Summary
- Net revenues grew 5% year-over-year to $4.8B in Q3 2024.
- Core net new assets totaled $95.3B in Q3, year-to-date $252.1B up 10% vs 2023.
- Total client assets reached a record $9.92 trillion, up 27% year-over-year.
- Adjusted pre-tax profit margin was 41.2% for Q3 2024.
- Bank supplemental funding reduced by $8.9B sequentially in Q3 2024.

## SEC filing metadata
- accession: 0000316709-24-000066
- form_type: 8-K
- ticker: SCHW
- cik: 0000316709
- company_name: SCHWAB CHARLES CORP
- filed_at: 2024-10-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/316709/000031670924000066/0000316709-24-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/316709/000031670924000066/schw-20241015.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000316709-24-000066
- JSON: https://secwatch.observer/filing/0000316709-24-000066.json
- Plain text: https://secwatch.observer/filing/0000316709-24-000066.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.