Charles Schwab Preferred Stock Delisting Amid Trading Volume Plunge

The stock of The experienced a significant decline on June 2, 2025, with a trading volume of 5.27 billion, marking a 49.42% decrease from the previous day. This placed The at the 162nd position in terms of trading volume for the day.

Charles Schwab has filed a certificate of elimination for its Series G preferred stock, which is set to be delisted from the New York Stock Exchange. This move comes as part of the company's ongoing efforts to streamline its capital structure and enhance shareholder value. The delisting is expected to take effect on June 10, 2025, following the completion of the necessary regulatory approvals.

In a separate development, Charles Schwab has announced a strategic partnership with a leading fintech company to enhance its digital banking services. This collaboration aims to leverage advanced technologies to provide customers with a more seamless and personalized banking experience. The partnership is expected to drive innovation and growth in the company's digital offerings, further solidifying its position in the competitive financial services market.