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Non-Tech : Charles Schwab (SCH) -- A tech-stock profile? -- Ignore unavailable to you. Want to Upgrade?

To: Richard Forsythe who wrote (485)	4/15/1999 11:43:00 AM
From: William Hunt	Read Replies (1) \| Respond to of 1390

Thread ---Charles Schwab Corp. Dow Jones Newswires -- April 15, 1999 Schwab 1Q Earnings Strong But Profit-Taking Hits Shrs By Caroline Humer NEW YORK (Dow Jones)--Charles Schwab Corp. (SCH) on Thursday reported first-quarter earnings of 34 cents a share - at the high end of company expectations and above industry analyst expectations - but shares fell on profit-taking. Schwab announced on March 15 that earnings would come in between 31 cents to 34 cents a share. Analysts had expected earnings of 33 cents a share, according to a First Call Corp. consensus. Schwab's earnings rose from 16 cents a share a year ago as trading volume increased by more than 90% from a year ago to more than 160,000 trades a day. Customer accounts also grew a substantial 388,000 during the quarter, bringing total accounts to 5.9 million accounts and 2.5 million online accounts. Revenues, at $951.6 million, were above the company's preannounced range of $910 million to $940 million. "The numbers are very strong, and the operating trends are very strong," said Michael Flanagan, an independent securities analyst. He attributed the decline in the share price to profit-taking. "I certainly haven't gleaned any discouraging moments from the release," he said. Flanagan also noted that revenues from principal transactions more than doubled during the quarter to $131.3 million from $52.7 million a year ago. That division includes primarily profits from the firm's Nasdaq market-making unit Mayer & Schweitzer. BEST WISHES BILL

To: Richard Forsythe who wrote (485)	4/15/1999 11:48:00 AM
From: William Hunt	Respond to of 1390

THREAD ---I know Charles Schwab owns 25 % of the shares of the company ---does anyone know how much the mutual funds own as a percentage of the company stock ? Thanks in advance BEST WISHES BILL

To: Richard Forsythe who wrote (485)	6/14/1999 9:42:00 AM
From: Richard Forsythe	Read Replies (1) \| Respond to of 1390

Market highlights: June 14, 1999 08:45 AM SAN FRANCISCO, June 14 /PRNewswire/ -- The Charles Schwab Corporation SCH released its Monthly Market Activity Report today. Highlights include: * Customer daily average revenue trades were 150.0 thousand in May 1999, down 28% from April 1999 and up 78% from May 1998. * Net new assets brought to Charles Schwab & Co., Inc. (Schwab) by its customers in May 1999 totaled $8.6 billion. * Customer assets at Schwab were $560.7 billion as of month-end May, down less than 1% from April 1999 and up 36% from May 1998. In comparison, the Schwab 1000 Index(R) was down 2% from April 1999 and up 19% from May 1998. * Daily average trades through Schwab's Mutual Fund OneSource(R) service were 41.8 thousand in May, down 21% from April 1999 and up 10% from May 1998.