David Pottruck
David Pottruck
absence continued core domestic estimated focus heavy reflect results risk strength trading
These estimated results reflect heavy trading volumes, the strength of our core domestic business, the absence of any international proprietary trading and a continued focus on staffing levels, expenses, and risk management,
among ardent believers companies competition experience group healthy hope improved increased initial innovative market outcomes power proud resulting strongly support trading
As ardent believers in the power of market competition, we strongly support the idea of a dual-listing, and are proud to be among this initial group of market innovators, ... Our hope is that as more companies opt for dual-listing, we will experience a healthy increased competition in our trading markets, resulting in innovative applications of technology, heightened transparency, and improved trading outcomes for all investors.
continued customers growing investing leadership number online reflected services using
Our continued leadership in online investing is reflected in the growing number of customers using these services at Schwab,
elegant humbling leaving less reflect time
My leaving Schwab was on less than elegant terms, ... What is really humbling is to have time to reflect on what you've done and what you could have done better.
additional duration enhance financial given measures outlook performance potential regarding taking
Given our outlook regarding the potential duration of these uncertainties, we are taking additional measures to enhance our financial performance.
activity added aftermath attacks average daily days early five fresh increased last market month revenue september terrorist trades trading
While our clients' trading activity had increased in early September ? daily average revenue trades were 136,000 for the first five trading days of the month ? last week's terrorist attacks and their aftermath have added fresh uncertainty to the market environment,
adding customers demanding justify levels millions opportunity paid pleased provide reasonably service
We have millions of these customers who are reasonably demanding of services, which we're pleased to provide but which have to be paid for, ... Customers have the opportunity to justify their service levels by adding to their account.
less man question
The question is: What can we do for less money? What can we do for the man who has $200,000? ... We're working on that.
clients corporate economy environment facing market slowing
With a slowing economy and weakening corporate earnings, our clients are facing the most challenging market environment in many years.
funk week
Was I in a funk for about a week about that story? Absolutely,