The Charles Schwab Corporation (NYSE:SCHW) 2023 Summer Business Update Conference Call July 18, 2023 8:30 AM ET
Company Participants
Jeff Edwards - MD, IR
Walt Bettinger - Co-Chairman and CEO
Rick Wurster - President
Peter Crawford - CFO
Conference Call Participants
Ken Worthington - JP Morgan
Dan Fannon - Jefferies
Brian Bedell - Deutsche Bank
Michael Anagnostakis - Wolfe Research
Michael Cyprys - Morgan Stanley
Alexander Blostein - Goldman Sachs
Brennan Hawken - UBS
Benjamin Budish - Barclays
Christopher Allen - Citigroup
Patrick Moley - Piper Sandler
Kyle Voigt - KBW
Devin Ryan - JMP Securities
Jeff Edwards
And here we go. Good morning, everyone, and thank you for joining us for the Schwab 2023 Summer Business Update. We certainly weren't going to let a little searing Texas heatwave get in the way of providing you with a strategic update on our business. This is Jeff Edwards, Head of Investor Relations, and I'll be followed very shortly by our esteemed presenters, Co-Chairman and CEO, Walt Bettinger; President, Rick Wurster and CFO, Peter Crawford. Before we kick off, let's briefly hit on a few housekeeping items.
Similar to past events I'll be helping facilitate Q&A, and we are still abiding by the one question, no follow-up format. We also ask that you save any clarifying or reconciling questions regarding this morning's reported quarter for the IR team. Today's slides will be posted to the IR website at the beginning of Peter's remarks.
Okay. Before we get on to the interesting stuff, let's stop by everyone's favorite slide, our forward-looking statements page, which reminds us all that the future is inherently uncertain, so please stay up-to-date with our disclosures.
And with that, Walt, please take it away.
Walt Bettinger
Thank you, Jeff. And good morning, everyone. I'm looking forward to another triple-digit day here in Texas. It's a beautiful day, but it definitely will be a scorcher. A number of years ago, I used an illustration that seems timely to resurrect. When my office used to be in downtown San Francisco, I would often look out toward Treasure Island early in the morning only to see dense fog. And the fog would not only mask the beauty of Treasure Island, it would often be so dense that you couldn't even see the island out in the Bay. In fact, if you didn't know it was there, you might not even realize Treasure Island even existed.