Recent Updates — SCHW-PD

On August 12, 2026, The Charles Schwab Corporation issued $1.25 billion of 5.108% Fixed-to-Floating Rate Senior Notes due 2032 and $1.35 billion of 5.655% Fixed-to-Floating Rate Senior Notes due 2037. Net proceeds from the offering were approximately $2,582 million after deducting underwriting discounts and estimated offering expenses. The notes were sold to a syndicate of underwriters including BofA Securities, Citigroup, Morgan Stanley, TD Securities, and Wells Fargo Securities pursuant to an Underwriting Agreement dated August 10, 2026. This debt issuance is part of the company's capital management strategy within the financial services industry.

The Charles Schwab Corporation reported record quarterly net revenues of $7.1 billion, a 21% year-over-year increase, and GAAP earnings per share of $1.54. Core net new assets grew 47% year-over-year to $62.7 billion in June, while total client assets reached $13.08 trillion. The company repurchased 11.2 million shares of common stock for $1.0 billion during the quarter. The Charles Schwab Corporation is a financial services provider offering wealth management, securities brokerage, and banking services.