The Charles Schwab Corporation (SCHW) is down by 3.22 percent during Monday's trading, falling $2.68 to $80.50. The decline comes after TD Bank announced plans to sell its entire equity investment in Schwab through a registered offering and share repurchase.
SCHW is currently trading at $80.83, down from the previous close of $83.18. The stock has fluctuated today, reaching a high of $81.75 and a low of $80.28. Trading volume stands at 7.11 million shares, near the average volume of 7.99 million.
The stock remains within its 52-week range of $61.01 to $84.04, though cautious following TD's divestment.
Despite the sale, TD will maintain a business relationship with Schwab through the Insured Deposit Account Agreement.
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Business News
December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.