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Welcome, Charles Schwab Corp.

  • Written by admin | No Comments Comments
    Last Updated: February 23rd, 2010

    http://www.nyse.com/press/1263467892545.htmlCharles Schwab Corporation just announced it is transferring the listing of its common stock to NYSE from Nasdaq on 5 March, using its current symbol, SCHW.

    The press release quotes Schwab CEO Walt Bettinger: “Today, the NYSE is the listing home to so many household names in financial services, joining them will place us in a natural comparative set.” Makes sense. The company is a leading provider of financial services for individual investors, independent investment advisors and employers. Leaders in financial services (and just about every other field) list with us.

    The release also says Schwab has more than 300 offices and 7.7 million client brokerage accounts, 1.5 million corporate retirement plan participants, 722,000 banking accounts, and $1.42 trillion in client assets. That’s real size.

    Me, for a long time I’ve liked their ads, particularly the simple, direct, open, conversational, human-voice quality of the Talk to Chuck campaign. So to Schwab, I say welcome to the Big Board, happy to have you join us. Looking forward to talking to Chuck.

    UPDATE: My colleague Laura Morrison in our Exchange Traded Fund group e-mails: “This is great news. Don’t forget about the ETFs that Schwab listed on NYSE Arca recently.” Thanks, Laura; that press release is here.

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