Charles Schwab Issues New Series L Preferred Stock

Charles Schwab ( (SCHW) ) has shared an announcement.

In April 2026, Charles Schwab Corp. established a new Series L Preferred Stock by filing a Certificate of Designations in Delaware, detailing its dividend, voting, redemption and liquidation rights, and making these terms effective upon filing. Holders of the related depositary shares will receive proportional rights to the Series L Preferred Stock, while Schwab’s ability to pay dividends or repurchase common or parity securities will be restricted if dividends on the Series L shares are not properly declared and funded for the prior period.

Also on April 20, 2026, Schwab entered into an underwriting agreement with a syndicate of major investment banks to sell 1,500,000 depositary shares, each representing a 1/100th interest in a share of Series L Preferred Stock, under an SEC-registered offering. The agreement includes customary representations, conditions to closing, indemnification and contribution provisions, underscoring Schwab’s use of preferred equity and depositary share structures to raise capital and potentially strengthen its balance sheet while outlining protections and liability sharing for the underwriters.

The most recent analyst rating on (SCHW) stock is a Buy with a $110.00 price target. To see the full list of analyst forecasts on Charles Schwab stock, see the SCHW Stock Forecast page.

Spark’s Take on SCHW Stock

According to Spark, TipRanks’ AI Analyst, SCHW is a Outperform.

The score is driven primarily by strong financial performance (profitability and a much stronger balance sheet) and a very constructive earnings call with upside-tracking commentary and record client/operational metrics. Technicals are supportive but somewhat stretched, while valuation is only moderate given a ~20 P/E and low dividend yield.

To see Spark’s full report on SCHW stock, click here.

More about Charles Schwab

Charles Schwab Corp. (CSC) operates in the financial services industry, providing brokerage, banking and wealth management services to retail and institutional investors. The company offers trading, investment advisory solutions and cash management products, with a focus on serving individual investors and independent investment advisors across U.S. capital markets.

Average Trading Volume: 11,272,464

Technical Sentiment Signal: Buy

Current Market Cap: $161.9B

See more data about SCHW stock on TipRanks’ Stock Analysis page.