Corporate and Financial News

5/13/13 10:45 pm PDT

The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of April 2013 include:

Schwab Declares Regular Quarterly Common Stock Dividend and Preferred Stock Dividend

4/24/13 5:48 am PDT

The Board of Directors of The Charles Schwab Corporation has declared a regular quarterly cash dividend of $0.06 per common share. The dividend is payable May 24, 2013 to stockholders of record May 10, 2013.

Charles Schwab Named a “Top Workplace” in Indianapolis and Denver; Company Also Receives National Gallup Great Workplace Award

Schwab Reports First Quarter Results

4/15/13 2:00 am PDT

The Charles Schwab Corporation has been recognized for its employee-friendly workplace through three separate awards received this month. In both Indianapolis and Denver, Schwab has been named to the list of “Top Workplaces” for each city. The Top Workplace program was developed by WorkplaceDynamics, an independent research firm, in partnership with local publications that include The Denver Post and Indianapolis Star, respectively more...

4/14/13 10:45 pm PDT

The Charles Schwab Corporation announced today that its net income was $206 million for the first quarter of 2013, down 2% from $211 million for the fourth quarter of 2012, and up 6% from $195 million for the year-earlier quarter. These results are consistent with the outlook expressed in the company’s press release dated March 14, 2013.

Schwab Announces Its Interim Business Update

4/11/13 2:00 am PDT

The Charles Schwab Corporation announced today that it has scheduled an Interim Business Update for institutional investors on Thursday, April 25, 2013. This Update, which will be held via webcast, is part of an ongoing series designed to help the investment community keep abreast of recent developments and management’s strategic focus. The program is scheduled to run from 8:00 a.m. - 9:00 a.m. PT, 11:00 a.m. - 12:00 p.m. ET.

New Hip Hop Video Gives Unique Twist to Personal Finance Ed in Winning Entry for Boys & Girls Clubs of America and Charles Schwab Foundation Contest

4/9/13 11:00 pm PDT

For the second year in a row, Boys & Girls Club teens have shown that hip hop beats lend themselves surprisingly well to themes about personal finance. Blake McGuire, a 15-year-old member of the Boys & Girls Clubs of Indianapolis, has won top honors in the second annual Money Matters Music Mogul (M4) Contest, sponsored by Boys & Girls Clubs of America (BGCA) and Charles Schwab Foundation, for his memorable and upbeat rap “Money more...

3/13/13 10:45 pm PDT

The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of February 2013 include:

2/13/13 9:45 pm PST

The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of January 2013 include:

Schwab Announces Its Next Business Update

Schwab Declares Regular Quarterly Common Stock Dividend and Preferred Stock Dividend

1/25/13

The Charles Schwab Corporation announced today that it has scheduled a Business Update for institutional investors on Thursday, February 7, 2013. This Update is designed to help the investment community keep abreast of recent developments and management’s strategic focus. The program is scheduled to run from approximately 8:30 a.m. - 12:00 p.m. PT, 11:30 a.m. - 3:00 p.m. ET. Participants will include members of the company’s executive management more...

1/24/13 5:54 am PST

The Board of Directors of The Charles Schwab Corporation has declared a regular quarterly cash dividend of $0.06 per common share. The dividend is payable February 22, 2013 to stockholders of record February 8, 2013.

Schwab Reports Fourth Quarter Net Income Up 29% Year-Over-Year

1/15/13 9:45 pm PST

The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2012 was $211 million, down 15% from $247 million for the third quarter of 2012, and up 29% from $163 million for the fourth quarter of 2011. Net income for the twelve months ended December 31, 2012 was $928 million, up 7% year-over-year.

The Charles Schwab Corporation Extends Exchange Offer for Notes Due 2022

1/15/13 9:43 am PST

The Charles Schwab Corporation announced today that it has extended the expiration date of its offer to exchange up to $256,405,000 aggregate principal amount of its 3.225% Notes due 2022 (the "Old Notes") that have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), for an equal amount of its outstanding 3.225% Notes due 2022 that have been registered under the Securities Act (the "New Notes").

Schwab Completes Acquisition of ThomasPartners

12/16/12 9:45 pm PST

The Charles Schwab Corporation today announced the completion of its acquisition of ThomasPartners, Inc.

12/13/12 9:45 pm PST

The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of November 2012 include:

Schwab Declares Preferred Stock Dividend

12/12/12 3:34 am PST

The Board of Directors of The Charles Schwab Corporation has declared a semi-annual dividend on the outstanding Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A in the amount of $35 per share. The dividend is payable February 1, 2013, to stockholders of record at the close of business on January 17, 2013.

About Charles Schwab

The Charles Schwab Corporation Announces Redemption of Outstanding 4.950% Senior Notes Due 2014

11/20/12 9:45 pm PST

The Charles Schwab Corporation announced today that it will redeem all of its outstanding 4.950% Senior Notes due 2014 (the “Notes”) on December 21, 2012, the redemption date.

11/13/12 9:45 pm PST

The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of October 2012 include:

Schwab’s Military-Friendly Workplace and Recruiting Efforts Receive New Recognition

11/7/12 11:00 pm PST

Charles Schwab is celebrating Veterans’ Day this year with a new award recognizing the company’s military-friendly practices.

Schwab Declares Regular Quarterly Common Stock Dividend and Preferred Stock Dividend

10/25/12 7:10 am PDT

The Board of Directors of The Charles Schwab Corporation has declared a regular quarterly cash dividend of $0.06 per common share. The dividend is payable November 23, 2012 to stockholders of record November 9, 2012.

Schwab Reports Growth in Third Quarter Revenue and Income

Schwab Announces Agreement to Acquire Thomas Partners

10/14/12 10:45 pm PDT

The Charles Schwab Corporation announced today that its net income for the third quarter of 2012 was $247 million, down 10% from $275 million for the second quarter of 2012, and up 12% from $220 million for the third quarter of 2011. Net income for the nine months ended September 30, 2012 was $717 million, up 2% year-over-year. The company’s third quarter and year-to-date financial results include a non-recurring state tax benefit of more...

10/14/12 10:15 pm PDT

The Charles Schwab Corporation today announced an agreement to acquire ThomasPartners, Inc., which includes an upfront payment of $85 million in cash and the opportunity for additional payments contingent on future growth in assets under management (AUM). The deal is expected to close during the fourth quarter, subject to customary closing conditions.

9/16/12 10:45 pm PDT

The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of August 2012 include:

AARP Foundation and Charles Schwab Foundation Team Up on Financial Capability Program to Help People 50+ Struggling to Make Ends Meet

9/12/12 11:00 pm PDT

In an effort to address the distinct needs of low-income workers and jobseekers age 50 and older, AARP Foundation and Charles Schwab Foundation have launched a new financial capability program, which is being rolled out in seven major cities across the United States.

The Charles Schwab Corporation Announces Expiration of Previously Announced Exchange Offer

8/29/12 6:30 am PDT

The Charles Schwab Corporation (the “Company”) announced today the expiration of its offer to certain eligible holders of its outstanding 4.950% senior notes due 2014 (CUSIP No. 808513AC9) (“Old Notes”) to exchange Old Notes for new senior notes due 2022 (“New Notes”) and cash (the “Exchange Offer”). The Exchange Offer expired at midnight, New York City time, on August 28, 2012 (the “Expiration Date”).