Charles Schwab 2009 Annual Report Download - page 2
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Forward-Looking Statements: In addition to historical information, this Annual Report to
Stockholders contains “forward-looking statements,” which are identified by words such as
“believe,” “anticipate,” “expect,” “intend,” “plan,” “will,” “may,” “estimate,” “aim,” “target,”
“could,” and other similar expressions. In addition, any statements that refer to expectations,
projections, or other characterizations of future events or circumstances are forward-looking
statements. These forward-looking statements, which reflect management’s beliefs, objectives,
and expectations as of the date hereof, are necessarily estimates based on the best judgment
of the company’s senior management. These statements relate to, among other things, the
company’s ability to limit expense growth (See “Letter from the Chief Executive Officer” and
“Letter from the Chief Financial Officer”), the level of interest rates and the company’s ability
to achieve revenue growth and pre-tax profit margins and profitably grow (See “Letter from the
Chief Financial Officer”). Achievement of the expressed beliefs, objectives, and expectations
described in these statements is subject to certain risks and uncertainties that could cause
actual results to differ materially from the expressed beliefs, objectives, and expectations.
Readers are cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date of this Annual Report to Stockholders. See “Forward-Looking
Statements” in Management’s Discussion and Analysis of Financial Condition and Results of
Operations on page 38 in the Form 10-K for a discussion of important factors that may cause
such differences.