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An update from Charles Schwab ( (SCHW) ) is now available.
On February 12, 2025, TD Group US Holdings LLC, an affiliate of The Toronto-Dominion Bank, completed a secondary offering of 165,443,530 shares of Charles Schwab’s common stock, generating $13.1 billion in proceeds. This transaction, coupled with a $1.5 billion share repurchase by Charles Schwab, resulted in TD disposing of its entire stake in the company, leading to the termination of the TD stockholder agreement and the resignation of TD-appointed directors from Schwab’s board.
More about Charles Schwab
The Charles Schwab Corporation is a leading financial services provider, offering a comprehensive array of services including wealth management, securities brokerage, banking, asset management, and financial advisory services. With 36.5 million active brokerage accounts and $10.10 trillion in client assets, Charles Schwab caters to individual investors and independent investment advisors through its subsidiaries.
YTD Price Performance: 12.68%
Average Trading Volume: 8,892,351
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $148.6B
See more data about SCHW stock on TipRanks’ Stock Analysis page.
