EXHIBIT 11.1
THE CHARLES SCHWAB CORPORATION
Computation of Earnings Per Share
(In thousands, except per share amounts)
(Unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
1997 1996 1997 1996
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Net Income $ 63,962 $ 70,095 $ 130,697 $ 117,038
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Shares*
Primary:
Weighted-average number of common shares outstanding 175,619 173,865 175,400 173,584
Common stock equivalent shares related to option plans 5,472 5,385 5,559 5,485
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Weighted-average number of common and
common equivalent shares outstanding 181,091 179,250 180,959 179,069
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Fully Diluted:
Weighted-average number of common shares outstanding 175,619 173,865 175,400 173,584
Common stock equivalent shares related to option plans 5,722 5,414 5,684 5,605
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Weighted-average number of common and
common equivalent shares outstanding 181,341 179,279 181,084 179,189
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Primary/Fully Diluted Earnings Per Share* $ .35 $ .39 $ .72 $ .65
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* Excludes the effects of the three-for-two common stock split declared
July 16, 1997, payable September 15, 1997.