The company said net income for Q2 was $1.3 billion, with diluted earnings per share of $.66. Excluding $175 million in pre-tax transaction-related and restructuring costs, adjusted net income was $1.5 billion, and adjusted diluted earnings per share were $.73.

1. 01

   The company said net income for Q2 was $1.3 billion, with diluted earnings per share of $.66. Excluding $175 million in pre-tax transaction-related and restructuring costs, adjusted net income was $1.5 billion, and adjusted diluted earnings per share were $.73.

2. 02

   The company said asset management and administration fees reached $1.4 billion for Q2, a quarterly record. In the table, the fees were $1,383 million, up 18% from $1,173 million in the year-earlier period.

3. 03

   The company said total client assets rose 17% year over year to a record $9.4 trillion, and core net new assets for Q2 grew 17% to $61.2 billion. Active brokerage accounts increased 4% from a year earlier to 35.6 million.

4. 04

   Schwab said its net interest margin for Q2 was 2.03%, up 1 basis point from the prior quarter. Its pre-tax profit margin for Q2 was 37.2% on a GAAP basis and 41.0% on an adjusted basis, and total expenses of $2,943 million included $43 million in accruals related to an industry-wide regulatory review of off-channel communications.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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