The Charles Schwab Corporation (NYSE:SCHW) 2025 Spring Business Update Conference Call April 17, 2025 8:30 AM ET
Company Participants
Jeff Edwards – Head of IR
Rick Wurster – President and CEO
Mike Verdeschi – CFO
Conference Call Participants
Steven Chubak – Wolfe Research
Dan Fannon – Jefferies
Ken Worthington – JPMorgan
Bill Katz – TD Cowen
Kyle Voigt – KBW
Devin Ryan – Citizens Bank
Ben Budish – Barclays
Ben Rubin – UBS
Mike Brown – Wells Fargo Securities
David Smith – Truist
Jeff Edwards
Good morning, everyone, and welcome to Schwab’s 2025 Spring Business Update. This is Jeff Edwards, Head of Investor Relations. And I’m joined in our Westlake headquarters by our President and CEO, Rick Wurster; and CFO, Mike Verdeschi. Our earnings release crossed the wires about an hour ago. So hopefully, everyone has had an opportunity to review our strong 1Q results. Before we jump in a few quick housekeeping items. The slide to the business update will be posted to their usual spot on the IR Web site at the conclusion of today’s prepared remarks. Q&A remains structured as one question no follow ups please with negative points awarded to those posing questions with four to five separate questions nested within. This approach enables us to address as many questions as possible during our time together this morning. It’s worth noting that questions may also be submitted via the online console. And of course, please don’t hesitate to reach out to the IR team with any follow-up questions after today’s update. And finally, the forward-looking statements page, our omnipresent wall of words, which reminds us that outcomes can differ from expectations. So please keep in touch with our disclosures. All right, with all that covered, let me turn it over to Rick.
Rick Wurster
Thanks Jeff. And
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