Making the world smarter, happier, and richer. Charles Schwab last released its quarterly earnings results on April 17th, 2023. /Type /Page The number also came in above Wall Street's estimates. /Filter /FlateDecode The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. << I share his excitement and passion for our combined organizations potential, and remain convinced we have the talent, culture, and client-first strategy needed to pursue the tremendous growth opportunities ahead of us., CFO Peter Crawford said, Our fourth quarter and full-year 2021 financial results demonstrate the impressive performance that our all-weather business model can produce when our strong business momentum aligns with easing macroeconomic headwinds. /Parent 2 0 R /MediaBox [0.0 0.0 612.0 792.0] Our daily ratings and market update email newsletter. For the total end of period view, please see the Monthly Activity Report. Learn about our purpose, values, and what makes us different. (b63af4ae3afb4c71a20a231bf537f12c_7) [10 0 R /XYZ null 774 null] 4 0 obj /C [0.0 0.0 0.0] We believe diversity and inclusion are part of our success as a company and our purpose of serving every client with passion and integrity. endobj /Creator (Workiva) 3 0 obj For now, said Peter Crawford, Schwabs chief financial officer, the company will pause stock buybacks in light of recent events within the U.S. banking sector, and the resulting regulatory uncertainty., Charles Schwabs Deposits Shrink, but Profits Grow Faster Than Expected, https://www.nytimes.com/2023/04/17/your-money/charles-schwab-deposits-profit.html. /Type /Page Ear to the Ground: Why Quarterly Earnings Calls Are W - The Ticker Tape /Last 18 0 R endobj @r@0wOP[0>Ao)_xX{ Fb+c W cp '?p\F ?$9u_q;l$kea28qRsgHe~f6v`Xb.MBy5ba'LT`3U8I5Z,2 w'xF}qrFZ'E|/^I4\y LPL Financial : Q1 2023 Earnings Transcript | MarketScreener . /Contents 22 0 R /Contents 27 0 R (9c39be1f4da044a4952a43d29436c913_7) [10 0 R /XYZ null 774 null] Our IR heritage and a Main Street approach, these are the stories of our people, our culture, and Most of that is generated from its customers uninvested cash. (2b7a08845035484f80980aa360534190_4) [10 0 R /XYZ null 773 null] /Parent 2 0 R /Contents 31 0 R /MediaBox [0.0 0.0 612.0 792.0] We exclude acquisition and integration-related costs and amortization of acquired intangible assets for the purpose of calculating certain non-GAAP measures because we believe doing so provides additional transparency of Schwabs ongoing operations, and is useful in both evaluating the operating performance of the business and facilitating comparison of results with prior and future periods. What date does Charles Schwab's (SCHW) report Earnings - Earnings /Type /Page Represents the principal value of client ETF transactions handled by Schwab, including transactions in proprietary ETFs. All earnings call transcripts on The Charles Schwab Corporation 4.450% DEP PFD J (SCHW.PJ) stock. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. /Parent 2 0 R The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. The dark blue line represents the company's actual earnings per share. 16 0 R] >> The company opened one million new brokerage accounts in the first quarter, which brought in $132 billion of net new assets. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. JPMorgan Chase, the nations largest bank, last week reported a small rise in deposits in the first quarter, while Citigroup and Wells Fargo revealed modest outflows. Good morning, everyone. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (Member SIPC), offers investment services and products, including Schwab brokerage accounts. /Resources 37 0 R Get daily stock ideas from top-performing Wall Street analysts. As an equal employment opportunity employer,our policy is to provide equal employment opportunities to all employees and applicants without regard to any status that is protected by law(. 15 0 obj endobj NCLH earnings call for the period ending March 31, 2023. /MediaBox [0.0 0.0 612.0 792.0] The chart below shows up to four years of a company's earnings history. /Type /Outlines /MediaBox [0.0 0.0 612.0 792.0] offerings, who we serve, and our history of innovation, Were CEO Walt Bettinger said, We delivered another year of record-breaking growth and financial performance in 2021 by staying true to our 'Through Clients Eyes' strategy in the face of a fluctuating environment. /Count 8 ABBV earnings call for the period ending March 31, 2023. The corporation currently does not hold earnings release conference calls. Explore our offerings, who we serve, and our history of innovation. Quarterly Earnings Report The financial report for the calendar quarter, including monthly summary of client and asset gathering activity at Schwab, is reported on or around the eleventh business day of the month following the end of each quarter. Other noteworthy client initiatives included the addition of person-to-person payment capabilities via Zelle and the introduction of the Schwab Starter Kit, a new experience designed to support first-time investors with tailored educational content and tools, along with $50 in funding for an initial purchase of fractional shares, to help them develop their knowledge and confidence as they begin to build their financial futures with us. Charles Schwab (NYSE:SCHW) has a recorded annual revenue of $21.21 billion. SA Transcripts 136.41K Follower s Q1: 2023-04-20 Earnings Summary Transcript Press Release 10-Q EPS of $3.61 beats by $0.23 | Revenue of $1.06B (8.33% Y/Y) beats by $25.62M The following. Adjustments made to exclude amortization of acquired intangible assets are reflective of all acquired intangible assets, which were recorded as part of purchase accounting. How much profit does Charles Schwab generate each year? /Parent 2 0 R I believe doing so amidst the tumult of the last few years is truly extraordinary. Fourth quarter of 2020 includes inflows of $680.6 billion related to the acquisition of TD Ameritrade. << /Contents 28 0 R As a subscriber, you have 10 gift articles to give each month. Fourth quarter of 2021 includes outflows of $27.6 billion from mutual fund clearing services clients. endobj Although Charles Schwab is best known for its giant brokerage business, it also has a large banking arm. /MediaBox [0.0 0.0 612.0 792.0] Member SIPC. ] Return on average common stockholders equity is calculated using net income available to common stockholders divided by average common stockholders equity. Management, Acquisition and integration-related costs and amortization of acquired intangible assets. /Contents 38 0 R Its revenue was up 9.5% on a year-over-year basis. 20 0 obj /Type /Page /Type /Page Challenge, https://www.aboutschwab.com/cfo-commentary, https://www.aboutschwab.com/investor-relations, https://www.aboutschwab.com/financial-reports. >> This is an EDGAR database maintained by the U.S. Securities and Exchange Commission. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. /Length 3623 Charles Schwab (SCHW) call transcripts | wallmine /Resources 30 0 R perspectives on company performance and outlook. /MediaBox [0.0 0.0 612.0 792.0] So any word on being acquired by FTX or Charles Schwab? These non-GAAP measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and may not be comparable to non-GAAP financial measures presented by other companies. This compares to earnings of $0.74 per share a . /Producer (Wdesk Fidelity Content Translations Version 007.006.009) /Dest [6 0 R /XYZ null 755 null] /Resources 41 0 R Quarterly and Annual Core Net New Assets Total $162.2 Billion and $558.2 Billion, Both Records Total Client Assets Reach a Record $8.14 Trillion at Year-end, up 22% Versus December 2020 The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2021 was a record $1.6 billion compared with $1.5 billion for the third quarter of 2021, and $1.1 billion for the . Percentage changes greater than 200% are presented as not meaningful. Further details on non-GAAP financial measures and a reconciliation of such measures to GAAP reported results are included on pages 11-12 of this release. 16 0 R] << 10 0 obj The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter. Transcript : The Charles Schwab Corporation, Q1 2022 Guidance/Update Call, Apr 21, 2022 04/21/2022 | 11:00am EDT And we're live. Historic filings are available from the SECs Edgar database. /Outlines 3 0 R The financial report for the calendar quarter, including monthly summary of client and asset gathering activity at Schwab, is reported on or around the eleventh business day of the month following the end of each quarter. The firm had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.13 billion. /Parent 2 0 R After rising throughout the first half of 2021, the major equity indices were essentially flat during the summer months before the ongoing recovery helped them close the year at near-record levels. (2b7a08845035484f80980aa360534190_19) [14 0 R /XYZ null 764 null] /Names [(b63af4ae3afb4c71a20a231bf537f12c) [6 0 R /XYZ null 755 null] The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 33.6 million active brokerage accounts, 2.2 million corporate retirement plan participants, 1.6 million banking accounts, and approximately $7.86 trillion in client assets. /Contents 33 0 R Read the latest company news, explore Schwab-sponsored research findings, and learn about our experts. Charles Schwab /Parent 2 0 R % Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons. >> /Count 0 /MediaBox [0.0 0.0 612.0 792.0] /Type /Page >> ] /Type /Page As an equal employment opportunity employer, our policy is to provide equal employment opportunities to all employees and applicants without regard to any status that is protected by law (Equal Employment Opportunity policy). /Type /Page 14 0 obj << AGNC Investment Corp. (NASDAQ:AGNC) Q1 2023 Earnings Call Transcript news, explore Schwab-sponsored research findings, and learn about our experts.. Charles Schwab /Parent 2 0 R Our recent SEC filings include Form 10-Q, Form 10-K, and Form 8-K. Stories. /Dest [6 0 R /XYZ null 755 null] >> &+~w)"&IO & -Peter Crawford, Executive Vice President and Chief Financial Officer. /F 2 Client assets managed by one of the company's digital advisory solutions totaled $74.2 billion, down 1% year-over-year. Seeking Alpha's transcripts team is responsible for the development of all of our transcript-related projects. Please disable your ad-blocker and refresh. Net income decreased by 9% to $852 million or $0.62 per share. /Parent 3 0 R THE CHARLES SCHWAB CORPORATION >> For a 13-week history of trading activity >, For the current monthly report of other client activity >. The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. << Client assets in proprietary and third-party purchased money market funds totaled $343.5 billion, up 179% year-over-year. (9c39be1f4da044a4952a43d29436c913_13) [11 0 R /XYZ null 580 null] 2023Charles Schwab & Co., Inc, All rights reserved. Investor Relations Interim Business Update Results - Earnings Call Transcript 2013. /Resources 33 0 R << endobj /Resources 29 0 R /Contents 41 0 R The dark blue line represents the company's actual revenue. As an equal employment opportunity employer,our policy is to provide equal employment opportunities to all employees and applicants without regard to any status that is protected by law(Equal Employment Opportunitypolicy). The Charles Schwab Corporation (SCHW) 2022 Summer Business Update /First 17 0 R /Parent 2 0 R endobj Includes miscellaneous service and transaction fees relating to mutual funds and ETFs that are not balance-based. We believe diversity and inclusion are part of our success as a company and our purpose of serving every client with passion and integrity. ;2EyQ,\K}5!F5eRi4cb.Vw^>[9BD/ kK|~~TjzkpuNT~r8jR/S&J_i*+wo,f-1bTV[}.m#j6m;l,, Investor Relations | About Schwab Phone: 415-667-1524. >> VRNS earnings call for the period ending March 31, 2023. PDF 2Q21 Exhibit 99.1 06.30 - Schwab Brokerage So clients that took deposits out seemed to stay in the Schwab ecosystem, Mr. Wong said. We believe diversity and inclusion are part of our success as a company and our purpose of serving every client with passion and integrity. After that, then what? Interactive Brokers Group Earnings Results, Marsh & McLennan Companies Earnings Results, Array Technologies Brings Solar Flare To 2023 Earnings Forecast, Boeing Cleared For Takeoff In Earnings Turnaround, 3 Volatile Mid-Caps to Trade This Earnings Season, Morgan Stanleys Earnings Is Fuel For The Rally, Teslas Earnings: So Bad Theyre Nearly Good. Its banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides deposit and lending services and products. Results of operations and metrics are inclusive of TD Ameritrade beginning October 6, 2020. << Charles Schwab (SCHW) Q3 earnings top expectations; revenues up 20% (Normally reported on or around the 10th business day, pre-market) - For Schwab, the 10th business day is May 12. The Charles Schwab Corporation (NYSE: SCHW) is a leading investment services firm with $7.58 trillion in client assets Current Stock Activity View stock information Last Price $50.60 Change - .43 Volume 11,422,584 % Volume Change -0.84 Recent News April 26, 2023 Schwab Declares Common Stock Dividend and Declares Preferred Stock Dividends Learn more on analysts' earnings estimate vs. SCHW's actual earnings. >> endobj (2b7a08845035484f80980aa360534190_22) [15 0 R /XYZ null 606 null] Including 19% growth in trading revenue driven by higher activity levels, our total fourth quarter revenues were up 13% to $4.7 billion. endobj endobj Charles Schwab has not confirmed its next earnings publication date, but the company's estimated earnings date is Monday, July 17th, 2023 based off last year's report dates. MA earnings call for the period ending March 31, 2023. /Dests 20 0 R Schwabs stock, which plunged after the company was swept into the banking turmoil following the collapse of Silicon Valley Bank last month, rose after the report. >> /Type /Page >> TD Ameritrade, Inc. and TD Ameritrade Clearing, Inc., members FINRA/SIPC, are separate but affiliated companies and subsidiaries of TD Ameritrade Holding Corporation. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. >> Non-U.S. residents are subject to country-specific restrictions. /Type /Page This press release contains forward-looking statements relating to strategic priorities; TD Ameritrade integration; investments to attract and retain talent, improve service and the client experience, expand products, services and offerings to meet client needs, diversify revenues, and drive scale and efficiency; growth opportunities; business momentum; balance sheet and capital position; growth in the client base, accounts, and assets; and stockholder value. >> The Charles Schwab Corporation (SCHW) Earnings Transcripts The following slide deck was published by Valmont Industries, Inc. in conjunction with their 2023 Q1 earnings call. Extensible Business Reporting Language (XBRL) is an XML-based language for the electronic transmission of business and financial data. PDF 4Q22 Exhibit 99.1 12.31 - content.schwab.com November 2021 includes an outflow of $13.7 billion from a mutual fund clearing services client. << 16 0 R 17 0 R] The income tax effects of the non-GAAP adjustments are determined using an effective tax rate reflecting the exclusion of non-deductible acquisition costs and are used to present the acquisition and integration-related costs and amortization of acquired intangible assets on an after-tax basis. >> Schwab is also an affirmative action employer, focused on advancing women, racial and ethnic minorities, veterans, and individuals with disabilities in the workplace. 15 0 obj (b63af4ae3afb4c71a20a231bf537f12c_4) [9 0 R /XYZ null 773 null] Invest better with The Motley Fool. This link is provided for informational purposes only, and you should not consider this information to be a recommendation or investment advice by the Charles Schwab Corporation or any of its subsidiaries, including Charles Schwab & Co., Inc., and Charles Schwab Investment Management, Inc. MEDIA: endobj We ended the year with $8.14 trillion in client assets across 33.2 million brokerage accounts, increases of 22% and 12%, respectively., Mr. Bettinger added, Even as we worked to support unprecedented levels of client activity during 2021, the Schwab team continued to drive progress across our key strategic priorities of scale and efficiency, win-win monetization, and segmentation. << endobj Good morning, everyone. 8 0 obj /ModDate (D:20230414232912+00'00') Explore our offerings, who we serve, and our history of innovation. /Type /Page Learn more on SCHW's earnings history. %PDF-1.4 Amortization of acquired intangible assets is excluded because management does not believe it is indicative of the Companys underlying operating performance. /Contents 22 0 R 19 0 obj >> Jeff EdwardsCharles SchwabPhone: 415-667-1524 SCHWAB REPORTS RECORD FIRST QUARTER EARNINGS PER SHARE Unprecedented Client Engagement Included $148.2 Billion in Core Net New Assets,3.2 Million New Brokerage Accounts and 8.4 Million Daily Average Trades, All Records /MediaBox [0.0 0.0 792.0 612.0] as far as your ambition and unique talents take you. At this time, I'd like to. << 2023Charles Schwab & Co., Inc, All rights reserved. /Resources 22 0 R (b63af4ae3afb4c71a20a231bf537f12c_1) [6 0 R /XYZ null 755 null] (2b7a08845035484f80980aa360534190_25) [16 0 R /XYZ null 722 null] The financial services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.90 by $0.03. /Type /Page /Resources 34 0 R These preliminary estimates are intended to provide a directional view of client trading activity during a given weekly period. We broadened our clients access to fixed income investment choices by launching and expanding our Wasmer Schroeder Strategies lineup of separately managed accounts, which now spans 25 taxable and non-taxable alternatives, including several positive impact strategies. MRK earnings call for the period ending March 31, 2023. Balance sheet assets = $391.2 billion, down 20% year-over-year. (Ad), After a 40% Drop, Analysts Remain Bullish on Impinj, Visa Charges Higher After Better-Than-Expected Q2 Report, Checkpoint Software Leads Cyber-Security Stocks. Net income for the twelve months ended December 31, 2021 was a record $5.9 billion, compared with $3.3 billion for the year-earlier period. << Real-time analyst ratings, insider transactions, earnings data, and more. endobj /Resources 26 0 R bring you information that fosters that ownership, because we believe that the best outcomes in life come from being fully engaged. Member SIPC. The Charles Schwab Corporation (NYSE:SCHW) 2022 Summer Business Update Conference July 28, 2022 11:00 AM ETCompany Participants. More information is available at https://www.aboutschwab.com. (9c39be1f4da044a4952a43d29436c913_16) [12 0 R /XYZ null 580 null] | 2 mei 2023 (844) 978-6257. << AZN earnings call for the period ending March 31, 2023. (9c39be1f4da044a4952a43d29436c913_4) [9 0 R /XYZ null 773 null] >> /Resources 25 0 R ). Schwab is committed to building a diverse and inclusive workplace where everyone feels valued. Its primary banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides banking and lending services and products. 2 0 obj /Contents 29 0 R 0,,,i~DQH#^SN\BqKnS)] KC[[yDfy"&1Ta9.7;SO^g"Q~74:+rSB_qk+8"5UtQ9Jd?u#q,biQ_ !C. The banks balance sheet held billions of dollars in bonds that dropped in value as the Federal Reserve rapidly raised interest rates. /Count 0 Acquisition and integration-related costs for the three and twelve months ended December 31, 2021 primarily consist of $56 million and $283 million of compensation and benefits, $33 million and $132 million of professional services, and $9 million and $39 million of occupancy and equipment. 4 0 obj /Names 4 0 R What we have long known, however, and what the events of 2021 have reinforced, is that success with clients and consistent growth over time is only made possible by managing for the long-term and by putting clients first, serving them with clarity and focus in all environments. endobj Were investing These estimates are subject to change and may be updated based on additional information. Empowerment, Environmental endobj /MediaBox [0.0 0.0 612.0 792.0] /Resources 25 0 R Additionally, we enhanced the digital onboarding experience for new accounts opened by the independent advisors who custody with Schwab, and we expanded their access to Schwab Advisor Portfolio Connect, our proprietary portfolio management capability. /Kids [6 0 R 7 0 R 8 0 R 9 0 R 10 0 R 11 0 R 12 0 R 13 0 R 14 0 R 15 0 R invested in corporate citizenship. /CreationDate (D:20230414232912+00'00') x\[oJ dY:1a.FmI>5F|@Crfvo+;3m%WGt+$E$r'ieYaw?:T:[Vg5ida+lYtAreV9I$xKQOSkQX&9"fYdXR:HC:b}oiHOIq)Y\Ae98&/+{_lso_#`ha,lmIGs_W`QUE2a++Ln$ dhj@VVo?F-Z,jf@P-6*]T:Eqm}+>h|h+r. FIRST QUARTER 2023 the heart of who we are. (2b7a08845035484f80980aa360534190_7) [11 0 R /XYZ null 774 null] Last years increase was driven primarily by client asset flows, as well as approximately $10 billion in bank deposit account migrations. Charles Schwab Corp. - Transcripts - BamSEC Charles Schwab Corp. NYSE: SCHW Share price (1/20/23): $77.03 Market cap (1/20/23): $140 billion 14 Charles Schwab Corp. Stewardship, Main Street /Contents 40 0 R /Filter /FlateDecode Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. >> endobj %PDF-1.4 We kept the TDA integration on track, launched a newly combined version of our Schwab Advisor Network referral program, and hired over 3,000 client service professionals. /Type /Page Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides deposit and lending services and products. /Type /Outlines >> /Contents 34 0 R PDF 1Q21 Exhibit 99.1 03.31 - content.schwab.com /Dest [16 0 R /XYZ null 722 null] /Type /Page Acquisitions typically result in the recognition of significant amounts of goodwill and acquired intangible assets. Lordstown warns it may fail as investor Foxconn gets jumpy. /Parent 2 0 R /Parent 2 0 R /MediaBox [0.0 0.0 792.0 612.0] We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. Forward-Looking Statements Identify stocks that meet your criteria using seven unique stock screeners. /Type /Pages Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (MemberSIPC), offers investment services and products, including Schwab brokerage accounts. endobj The Charles Schwab Corporation (SCHW) 2023 Winter Business Update Call (Transcript) SA Transcripts Mon, Apr. Charles Schwab & Co., Inc, All rights reserved. >> Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Enter your email address below to receive the latest news and earnings results for SCHW and its competitors with MarketBeat's FREE daily newsletter. 13 0 obj Learn /F 2 Charles Schwab last released its earnings results on April 17th, 2023. /Type /Page Welcome to Schwab's Spring 2022 Business Update. Read the latest company news, explore Schwab-sponsored research findings, and learn about our experts. Our IR program is designed to provide regular updates to executive managements priorities and perspectives on company performance and outlook. About half of Schwabs revenue last year came from so-called net interest revenue, which was $2.7 billion in the first quarter, down 9 percent from the fourth quarter but up 27 percent from the same period in 2022. /Producer (Wdesk Fidelity Content Translations Version 006.008.039) Following four recent acquisitions, including the largest brokerage transaction in history, Im particularly proud of our progress in uniting as a single team, pulling in the same direction through challenge after challenge, supporting each other and our clients as we pursue Chuck Schwabs vision. Charles Schwab (NYSE: SCHW) Q4 2019 Earnings Review - AlphaStreet 11 0 obj 8 0 obj /Type /Page Form 10-K, Form 10-Q, and Form 8-K are filed with the Securities and Exchange Commission. /Resources 28 0 R /Title (Non-GAAP Measures) Is United Airlines Playing a Game of Limbo with Its Guidance? >> WESTLAKE, Texas--(BUSINESS WIRE)-- Transcript : The Charles Schwab Corporation, Q3 2020 Earnings Call, Oct ] As of December 31, 2021, third-party money funds were $13.5 billion. First quarter of 2021 includes an outflow of $14.4 billion from a mutual fund clearing services client. e{ (&ecZOKYhf9`q\ CcD3aL;`w>k:j$z~DLeu> 9r_xW0(8QJ0Y~7=w)l,Tw_48p[urm]0iq22auKtew0j^Ma12(}>fsAT86'MB=`~O'J#=t? y ~~ii:` xR? Earnings Summary. /MediaBox [0.0 0.0 792.0 612.0] To make the world smarter, happier, and richer. /Parent 2 0 R April 2023:Members of Schwabs executive management team discuss financial performance and corporate goals with financial analysts and institutional investors. /Resources 39 0 R
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charles schwab earnings call transcript 2023