Charles Schwab Corporation (The) (SCHW) Q1 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to the Schwab 2024 Spring Business Update. This is Jeff Edwards, Head of Investor Relations, and I'm joined today by our co-chairman and CEO, Walt Bettinger, President Rick Worcester, and CFO Peter Crawford. As you saw in earnings today, we had a nice, strong start to the year, so there's plenty to cover today. But before jumping in, let's quickly cover off a few of the typical housekeeping items. The slides for today's business update will be posted to the IR website at the start of Peter's remarks, Q&A is still one question, no follow up. And let's try to limit the six and seven part questions, if possible. Of course, we always encourage you to jump back in the queue if additional questions come to mind. And as always, please don't hesitate to contact us, Rob, by our team regarding any clarifying or some of the more tactical questions. And finally, the ever present wall of words that showcases our forward looking statements and remind us that the future is indeed uncertain. So please stay up to date with our disclosures. And with that, I'll turn it over to Walt. Thank you, Jeff. And good morning, everyone. Thanks for joining us for our April business update. So we began welcoming the majority of our employees back to the office last October 1st. And as a result, I began traveling the country, hosting town halls and roundtables to meet many of the employees who had joined us both before or during the pandemic and hear from them. In addition, I shared some of my perspectives on the economic environment, the strength of the Schwab franchise, and my confidence for the future. After having lived and worked through many economic cycles, I shared with our people that right when things often seem the darkest, they tend to turn around and...