Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
The Charles Schwab Corporation (NYSE:SCHW), a $160 billion market cap financial services giant with a perfect Piotroski Score according to InvestingPro, announced today that it has filed a Certificate of Elimination with the Secretary of State of Delaware. This filing pertains to the company’s 5.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G. The filing effectively removes all matters related to the Series G Preferred Stock from Schwab’s Fifth Restated Certificate of Incorporation. The company, which has maintained dividend payments for 37 consecutive years, continues to demonstrate strong financial management.
The Certificate of Elimination marks the official elimination of the Series G Preferred Stock, as stated in the Certificate of Designations. This action was confirmed through a report submitted to the Securities and Exchange Commission (SEC).
The company’s common stock, as well as its Series D and Series J Preferred Stocks, continue to be traded on the New York Stock Exchange under the symbols SCHW, SCHW PrD, and SCHW PrJ, respectively.
The information in this article is based on a press release statement from the Charles Schwab Corporation.
In other recent news, Charles Schwab has reported steady client growth in April 2025, with net new assets totaling $2.7 billion, marking a significant year-over-year increase. Total (EPA:TTEF) client assets reached $9.89 trillion, a 12% rise from the previous year. Additionally, the company opened 439,000 new brokerage accounts, a 22% increase compared to April 2024. In terms of analyst updates, TD Cowen has raised the stock target for Charles Schwab to $113, citing accelerating organic growth and effective balance sheet strategies. Goldman Sachs also upgraded the stock to Buy with a $100 target, highlighting the company’s robust earnings per share growth potential. Keefe Bruyette & Woods increased their price target to $93 following an earnings report that exceeded expectations, with adjusted earnings per share coming in at $1.04. Furthermore, Charles Schwab declared regular quarterly dividends for its common and preferred stock, continuing its commitment to returning value to shareholders.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.