8-KEarnings & ResultsExhibits & Filings

SCHWAB CHARLES CORP 8-K Report, Financial Results (Jan 19, 2010)

Filed January 19, 2010For Securities:SCHWSCHW-PDSCHW-PJ

Summary

The Charles Schwab Corporation (SCHW) filed an 8-K on January 19, 2010, to report its financial results for the fourth quarter and full year ended December 31, 2009. The primary purpose of this filing is to provide investors with timely information regarding the company's performance. The report includes a press release detailing these results, which is furnished as an exhibit. Key to this report is the announcement of strong net new asset inflows in December 2009, totaling $10 billion, the highest recorded in 11 months. This indicates a positive trend in asset gathering for Schwab as 2009 concluded. Investors can refer to the furnished press release for a comprehensive overview of the company's operational and financial condition during the specified periods.

Key Highlights

  • 1Schwab reported its financial results for the fourth quarter and full year ended December 31, 2009, via an 8-K filing.
  • 2The filing includes a press release detailing the company's financial and operational performance.
  • 3A significant highlight is the strong net new assets of $10 billion reported for December 2009.
  • 4This $10 billion in net new assets represents the highest monthly inflow in the preceding 11 months.
  • 5The report was filed on January 19, 2010, making the information current for investors.
  • 6The Chief Financial Officer, Joseph R. Martinetto, signed the filing, indicating official company approval of the disclosed information.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly announce and provide investors with The Charles Schwab Corporation's financial results for the fourth quarter and the full fiscal year ending December 31, 2009.

The $10 billion in net new assets for December 2009 is significant because it represents the highest monthly net new asset inflow Schwab has experienced in the past 11 months. This suggests a strong positive trend in client asset growth at the end of 2009.

The detailed financial results are provided in the press release dated January 19, 2010, which is furnished as Exhibit 99.1 to this 8-K filing. Investors should refer to this press release for comprehensive information.

Joseph R. Martinetto is the Executive Vice President and Chief Financial Officer of The Charles Schwab Corporation. His signature on the 8-K filing signifies that the disclosed financial information has been reviewed and authorized by the company's senior financial leadership.