Charles Schwab Corp (NYSE:SCHW)
$ 74.84 0.13 (0.17%) Market Cap: 137.00 Bil Enterprise Value: 166.97 Bil PE Ratio: 29.23 PB Ratio: 3.60 GF Score: 80/100

Charles Schwab Corp at Piper Sandler Global Exchange and FinTech Conference (Virtual) Transcript

Jun 03, 2020 / 12:30PM GMT
Release Date Price: $39.51 (+6.38%)
Richard Henry Repetto
Piper Sandler & Co., Research Division - MD & Senior Research Analyst

Good morning. And welcome to our second session. I'm very pleased to have Walt Bettinger, the CEO of Schwab. I think everybody knows Walt. He's been the CEO since 2008. Schwab's a $48 billion market cap. We were joking even before we started. He's been through a crisis before, and he's fought a lot of headwinds in his career at Schwab. But he's also had plenty of success as well.

So first, thank you, Walt. I think this is your first conference, and it truly is an end of an era.

Questions & Answers

Richard Henry Repetto
Piper Sandler & Co., Research Division - MD & Senior Research Analyst

And that's where my first question starts. You communicated that 0 commissions that you were reducing your dependency on the commissions for a number of years. And so when it happened, I guess, we shouldn't -- I don't think had been surprised. But did you think that it would occur, it would actually initiate the consolidation in the industry? You're

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot