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An announcement from Charles Schwab ( (SCHW) ) is now available.
On February 10, 2025, Charles Schwab announced a secondary offering of its common stock, where TD Group US Holdings LLC intends to exit its entire investment in the company. Concurrently, Charles Schwab has agreed to repurchase $1.5 billion of its nonvoting common stock from TD in a private transaction, contingent upon the offering’s completion. The repurchase, funded by cash on hand, is expected to impact the company’s Tier 1 Leverage Ratios slightly, and Charles Schwab intends to continue stock repurchases in alignment with financial objectives. TD, holding 10.1% economic ownership, will fully dispose of its shares, marking a significant shift in the company’s shareholder structure.
More about Charles Schwab
The Charles Schwab Corporation is a prominent financial services provider, offering a wide array of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. With a significant presence in the industry, the company caters to individual investors and independent investment advisors, boasting a substantial client base with millions of brokerage, workplace plan, and banking accounts, and managing trillions in client assets.
YTD Price Performance: 12.65%
Average Trading Volume: 7,996,202
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $152.3B
For a thorough assessment of SCHW stock, go to TipRanks’ Stock Analysis page.
