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Schwab, Financial Timeline Monday, September 1     Author
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4th-quarter profit falls 64%  Charles Schwab profit drop is reflecting the toll of the latest reorganization. The company earned $53 million Slump continues with $41 million loss

World News
    USA (197)
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            Schwab (42)
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                    Financial

                        2005 (1)
                        2004 (7)
                        2003 (6)
                        2002 (2)
                        2001 (1)
                        2000 (2)

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Higher-yield bond funds run into trouble
Mar.25
  Schwab YieldPlus, a higher-yielding alternative to money market funds, has plummeted to $2.5 billion in assets from more than $13 billion in May

year 2005 Top ^

Jan.18

year 2004 Top ^

Oct.15
  Stock broker suffered a 3rd-quarter loss of $41 million, reflecting the costs of an expansion gone awry
Oct.4 Schwab warns of revenue drop  Slumping stock broker is cutting its online prices for all customers, hoping to lure back bargain-minded investors Aug.31 Schwab sells division to UBS for $265 m  Backpedaling from a recent expansion, the company is selling an institutional investment and research division Bay Area Might Be Stuck with Bridge Bill Apr.20 1st-quarter profit more than doubles
  Rejuvenated investors carried the stock broker to its best quarter since the .com bust decimated its business
Mar.29 Schwab, CEO decline $8 million in bonuses  Charles Schwab Chairman Charles Schwab and CEO David Pottruck declined bonuses totaling last year Jan.22 Highest profit since market's peak
  Discount broker earned $148 million, or 11 cents per share, in the 4th quarter, reversing a loss of $79 million

year 2003 Top ^

Nov.14 Improper mutual fund trades disclosed
  Charles Schwab is becoming the first major discount brokerage linked to an industrywide scandal
Nov.4 Schwab to adopt AXA Rosenberg funds  Charles Schwab will adopt and rename a small mutual fund family to add more flavor to its investment menu Bush to ask 87 billions more for Iraq Apr.28 Schwab expands into banking  Charles Schwab Bank is promising discount mortgages Apr.22 Sharp decline in first-quarter profit  Company earned $71 million, or 5 cents per share, during 3 months. That represented a 24% drop from last year Jan.21 Second consecutive quarterly loss  Charles Schwab Corp. posted a loss of $79 million, or 6 cents per share

year 2002 Top ^

Nov.12 Layoffs will cost $90 million in 4th quarter  The financial blow follows a third-quarter charge of $94 million that covered part of the 1,900 job cuts Apr.16 Earnings slump continued in first quarter  Slightly lower first-quarter profits. Company earned $94 million, or 7 cents per share

year 2001 Top ^

Oct.16 91% drop in profit  Customer trading activity fell to its lowest in 3 years. Company earned $13 million in third-quarter

year 2000 Top ^

Dec.21 Schwab slash management pay  Charles Schwab is slashing the salaries of its management team by up to 50% Wells Fargo posts record profits



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