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SCHWAB EXPECTS RECORD 1992 RESULTS

 SAN FRANCISCO, Jan. 7 /PRNewswire/ -- The Charles Schwab Corp. (NYSE: SCH) expects to report earnings of $23 to $24 million, or 60 cents to 63 cents per share, on net revenues of about $190 million for the fourth quarter of 1992. This compares with net income of $16 million, or 41 cents per share, on net revenues of $167 million for 1991's fourth quarter.
 Full year 1992 earnings are expected to be over $78 million, or more than $2 per share, on net revenues of over $745 million, compared with 1991 net income of $49 million, or $1.27 per share, on net revenues of $570 million.
 During 1992, assets in Schwab customer accounts grew 38 percent to a record $66 billion by year-end 1992, and customers opened over 560,000 new accounts, a record 46 percent more accounts than those added than in 1991.
 Average daily trading volume by Schwab customers was 27,100 trades per day for the fourth quarter of 1992, compared with 19,900 for the same period a year ago. Trading averaged 24,600 daily for the full-year 1992, compared with 18,600 for 1991 (see note to editors below).
 The Charles Schwab Corp., through its principal operating subsidiary, Charles Schwab & Co. Inc., is a leading provider of discount brokerage, no-fee IRAs and no-load, no-transaction-fee mutual funds. Schwab serves over 2 million active customers through 175 offices nationwide.
 -0- 1/7/93
 /NOTE TO EDITORS: For a copy of the Scwab Market Activity Report, contact Tom Taggart of Charles Schwab, 415-627-8947./
 /CONTACT: Mark Thompson or Tom Taggart of Charles Schwab, 415-627-7810/
 (SCH)


CO: Charles Schwab Corp.; Charles Schwab & Co. Inc. ST: California IN: FIN SU: ERP

GT -- SF004 -- 2605 01/07/93 11:10 EST
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Publication:PR Newswire
Date:Jan 7, 1993
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