secwatch.observer — SEC 8-K summary
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Issuer:     SCHWAB CHARLES CORP (SCHW)
CIK:        0000316709
Form:       8-K
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0000316709-24-000066
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/316709/000031670924000066/0000316709-24-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/316709/000031670924000066/schw-20241015.htm
  HTML page:      https://secwatch.observer/filing/0000316709-24-000066

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