Dan Fannin
Analyst at Jefferies
Replay available
Charles Schwab Corporation (The) (NYSE: SCHW) Q4 2025 earnings conference call, held 2026-01-21. Replay captured from the company's public earnings webcast.

Analyst at Jefferies
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Chief Financial Officer
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WEBVTT 00:00:01.668 -- 00:00:06.255 Good morning, everyone, and welcome to Schwab's 2026 Winter Business Update. 00:00:06.255 -- 00:00:09.900 This is Jeff Edwards, Head of Investor Relations, and I'm joined in Westlake today by 00:00:09.900 -- 00:00:15.067 our President and CEO, Rick Worcester, as well as our CFO, Mike Berdeschi. 00:00:15.067 -- 00:00:18.793 During our time together this morning, the team will review 2025, 00:00:18.793 -- 00:00:22.578 a year where the business delivered growth across all fronts, and discuss the growing 00:00:22.578 -- 00:00:27.132 set of opportunities we see to help clients even more in 2026 and beyond. 00:00:27.132 -- 00:00:29.235 A quick rundown on the housekeeping front. 00:00:29.235 -- 00:00:33.841 The slides for today's business update will be posted to their usual spot on the IR website 00:00:33.841 -- 00:00:39.429 at the end of the prepared remarks. Q&A remains one question, no follow-ups. 00:00:39.429 -- 00:00:41.973 And please try to limit the nested babushka doll questions. 00:00:41.973 -- 00:00:46.099 If you have multiple questions, we encourage you to simply hop back into the queue and 00:00:46.099 -- 00:00:51.126 ask another one if time allows. And as always, the IR team is here to assist with any 00:00:51.126 -- 00:00:56.238 questions following today's update. And last but not least, the ever-present forward-looking 00:00:56.238 -- 00:01:00.284 statements page, or the artist formerly known as the Wall of Words, which reminds us 00:01:00.284 -- 00:01:02.767 that outcomes may differ from expectations. 00:01:02.767 -- 00:01:05.632 So please keep in touch with our disclosures. 00:01:05.632 -- 00:01:08.536 And with that out of the way, I'll turn it over to Rick. 00:01:08.536 -- 00:01:10.198 Thank you, Jeff, and good morning,...