8-KEarnings & ResultsExhibits & Filings

SCHWAB CHARLES CORP 8-K Report, Financial Results (Oct 15, 2020)

Filed October 15, 2020For Securities:SCHWSCHW-PDSCHW-PJ

Summary

The Charles Schwab Corporation (SCHW) filed an 8-K on October 15, 2020, primarily to report its financial results for the quarter ended September 30, 2020. The key takeaway for investors is the issuance of a press release detailing these results, which is furnished as an exhibit to the filing. While the 8-K itself does not contain the detailed financial figures, it directs investors to the press release (Exhibit 99.1) for a comprehensive overview of the company's performance during the third quarter of 2020. This filing signals that investors should review the accompanying press release to understand Schwab's revenue, earnings, asset growth, and any other significant financial metrics for the period. Investors are encouraged to examine this press release for insights into how the company is navigating the prevailing market conditions and to assess its operational and financial health as of the end of September 2020. The Chief Financial Officer, Peter Crawford, signed off on this report, underscoring the importance of the disclosed information.

Key Highlights

  • 1The 8-K filing serves as notification of Schwab's third-quarter 2020 financial results announcement.
  • 2A press release detailing the financial results for the quarter ended September 30, 2020, is furnished as Exhibit 99.1.
  • 3Investors are directed to the press release for specific financial performance data, not included directly in the 8-K.
  • 4The filing was made on October 15, 2020, with an event date of October 14, 2020.
  • 5The report was signed by Peter Crawford, Executive Vice President and Chief Financial Officer.
  • 6This filing is a standard procedural disclosure for releasing quarterly earnings.

Frequently Asked Questions

The detailed financial results for the quarter ended September 30, 2020, are provided in the press release furnished as Exhibit 99.1 to this 8-K filing.

You should review key performance indicators such as revenue, net income, earnings per share (EPS), asset management and administration fees, net interest revenue, and total client assets. The press release will offer the most up-to-date figures on these and other relevant financial aspects.

This 8-K filing is primarily a notification that Schwab has released its quarterly financial results. The detailed financial information is contained within the press release (Exhibit 99.1), which is attached to this filing.

Peter Crawford is the Executive Vice President and Chief Financial Officer of The Charles Schwab Corporation. His signature on the 8-K signifies that the company has officially submitted this report and is attesting to the accuracy and completeness of the information being disclosed, including the reference to the press release containing the financial results.