The Charles Schwab Corporation Depositary Receipt (SCHW)

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https://www.aboutschwab.com

The Charles Schwab Corporation Depositary Receipt represents an ownership interest in the common equity of a large, diversified U.S. financial services provider. The Charles Schwab Corporation operates as a savings and loan holding company offering a broad suite of brokerage, banking, wealth management, custody, and advisory services to individual investors and independent investment advisors. Through this structure, the depositary receipt allows investors to gain exposure to Schwab’s core businesses, which generate revenue primarily from net interest income on client cash and securities, asset management and administration fees, trading-related revenue, and bank deposit account fees. Schwab plays a significant role in U.S. capital markets through its sizable client asset base, extensive brokerage platform, and custodial services for registered investment advisors. The depositary receipt format facilitates efficient trading and settlement while aligning economically with the underlying common equity of The Charles Schwab Corporation, providing a vehicle to access the company’s position within the brokerage, banking, and asset management ecosystem.