Charles Schwab Discloses Results of the Federal Reserve’s 2023 Comprehensive Capital Analysis and Review
This
Schwab ended the first quarter of 2023 with a consolidated Tier 1 Leverage Ratio of
CFO Peter Crawford commented, “Schwab’s CCAR stress test results reinforce that we remain well positioned to serve our clients across a range of environments. Given the anticipated changes to regulatory expectations and capital requirements, we’ll provide updates going forward regarding our capital planning and capital management priorities as conditions and requirements evolve. Going forward, we expect to continue managing our capital position in a manner that prioritizes long-term business growth, while also supporting our common stock dividend target and overall stockholder value.”
Forward-looking Statements
This press release contains forward-looking statements relating to the company’s capital ratios; balance sheet assets; Tier 1 Leverage Ratio operating objective; positioning; regulatory changes; and capital management to support business growth, dividends, and stockholder value. These forward-looking statements reflect management’s expectations as of the date hereof. Achievement of these expectations, beliefs, and objectives is subject to risks and uncertainties that could cause actual results to differ materially from the expressed expectations.
Important factors that may cause such differences include, but are not limited to, general market conditions, including the level of interest rates and equity valuations; balance sheet positioning relative to changes in interest rates; interest earning asset mix and growth; client cash allocation decisions; client sensitivity to rates; level of client assets, including cash balances; competitive pressures on pricing; capital and liquidity needs and management; the level and mix of client trading activity; market volatility; securities lending; margin loan balances; new or changed legislation, regulation or regulatory expectations; and client use of the company’s advisory solutions and other products and services. Other important factors include the company’s ability to attract and retain clients and independent investment advisors and grow those relationships and client assets; develop and launch new and enhanced products, services, and capabilities, as well as enhance its infrastructure and capacity, in a timely and successful manner; hire and retain talent; support client activity levels; successfully implement integration strategies and plans; monetize client assets; manage expenses; and other factors set forth in the company’s most recent reports on Form 10-K and Form 10-Q.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 34.3 million active brokerage accounts, 2.4 million corporate retirement plan participants, 1.8 million banking accounts, and
TD Ameritrade, Inc. and TD Ameritrade Clearing, Inc. are separate but affiliated companies and subsidiaries of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank.
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MEDIA:
Mayura Hooper
Charles Schwab
Phone: 415-667-1525
INVESTORS/ANALYSTS:
Jeff Edwards
Charles Schwab
Phone: 415-667-1524
Source: The Charles Schwab Corporation