Charles Schwab Corporation (The) (SCHW) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Schwab's 2025 Winter Business Update. This is Jeff Edwards, Head of Investor Relations, and we're coming to you live from the frozen tundra of Westlake, Texas. I'm joined in the room today with a slightly different, but hopefully still very familiar group, President and now CEO, Rick Worcester, as well as our CFO, Mike Pradechi. Hopefully, everyone has had an opportunity to review our strong results for the fourth quarter and full year 2024 that were posted earlier this morning. During our time together today, the team will take a look back at 2024 and discuss key drivers that helped us build momentum through the year, as well as highlight the opportunities they see to continue driving growth across the firm in 2025 and beyond. Before we dive into the good stuff, let's quickly run through a few housekeeping items. The slides for today's business update will be posted to their usual spot on the IR website at the end of the prepared remarks. During Q&A, please respect the one question, no follow-up rule. Though, as always, we encourage you to jump back into the queue to ask another question if time permits. And, of course, the IR team is available to assist with any questions following today's update. Lastly, before we start, let's spend a minute on the ever-important forward-looking statements page, which exists to remind us all that outcomes can differ from expectations, so please keep in touch with our disclosures. And with that, it looks like we're all set to begin, so let me turn it over to Rick. Thank you, Jeff. And hello, everyone. Welcome to the call. It's my first opportunity to speak with all of you in my new role. I'm very grateful to Walt, to Chuck and the board for entrusting me with this responsibility. And I know I ...