Schwab Charles Corp 8-K Report: Key Insights on Stock Structure and Financial Updates
Based on the provided section of the financial report, here are the key insights and information:
- Entity Information:
- Company Name: Schwab Charles Corp
- CIK Number: 0000316709
- Address: 3000 Schwab Way, Westlake, TX 76262
- Phone Number: (817) 859-5000
- Filing Details:
- Form Type: 8-K
- Filing Date: February 10, 2025
- Industry Code: 1-9700
- IRS Employer Identification Number (EIN): 94-3025021
- Stock Information:
- Common Stock: Par value of $0.01 per share, trading under the symbol "SCHW" on the NYSE.
- Preferred Stock:
- Series D Preferred Stock: 5.95% Non-Cumulative, represented by depositary shares each representing a 1/40th ownership interest in a share.
- Series J Preferred Stock: 4.450% Non-Cumulative, also represented by depositary shares each representing a 1/40th ownership interest in a share, trading under the symbol "SCHW PrD" and "SCHW PrJ" respectively on the NYSE.
- Contextual Period: The information pertains to the specific date of February 10, 2025.
- Segments of Stock: The report discusses multiple classes of stock (Common, Series D Preferred, and Series J Preferred), indicating a structured approach to equity financing.
Insights:
- The inclusion of both common and preferred stock indicates a diverse capital structure, with preferred shares providing fixed dividends and potentially attracting a different class of investors.
- The filing is an 8-K, which is typically used for unscheduled material events or corporate changes; thus, the contents might reflect significant updates or changes pertaining to the company's operations or financial position.
- The report's focus on specific series of preferred stock highlights the company's strategy in maintaining a balance between equity and debt-like securities.
This information is critical for investors and analysts looking to evaluate Schwab Charles Corp's financial health and capital structure as of the specified date.