EXHIBIT 11.1
THE CHARLES SCHWAB CORPORATION
Computation of Earnings Per Share
(In thousands, except per share amounts)
(Unaudited)
Three Months Ended Nine Months Ended
September 30, September 30,
1997 1996 1997 1996
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Net Income $ 76,525 $ 57,068 $ 207,222 $ 174,106
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Shares*
Primary:
Weighted-average number of common shares outstanding 264,295 261,453 263,503 260,737
Common stock equivalent shares related to option plans 8,706 7,929 8,461 8,128
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Weighted-average number of common and
common equivalent shares outstanding 273,001 269,382 271,964 268,865
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Fully Diluted:
Weighted-average number of common shares outstanding 264,295 261,453 263,503 260,737
Common stock equivalent shares related to option plans 9,329 7,929 8,793 8,248
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Weighted-average number of common and
common equivalent shares outstanding 273,624 269,382 272,296 268,985
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Primary/Fully Diluted Earnings Per Share* $ .28 $ .21 $ .76 $ .65
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* Reflects the three-for-two common stock split declared July 16, 1997, distributed September 15, 1997.