Public Company Information:
SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation (NASDAQ:SCHW), a leading provider of financial services for individual investors, independent investment advisors, and employers, today announced that it is transferring the listing of its common stock to the New York Stock Exchange (“NYSE”). The company expects to begin trading on the NYSE on March 5, 2010, using its current symbol “SCHW”. The company will continue to trade on the NASDAQ until the transfer is completed.
“We are looking forward to listing on the New York Stock Exchange,” said 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.”
“We're thrilled that Charles Schwab has chosen to list on the New York Stock Exchange,” said Duncan L. Niederauer, Chief Executive Officer, NYSE Euronext. “Schwab is a world-class brand and industry leader which, for more than three decades, has delivered exceptional value and professional service to tens of millions of investors. Like NYSE Euronext, Schwab is committed to advocacy, innovation, integrity and market quality. We look forward to partnering with Schwab and its shareholders for years to come.”
About Charles Schwab
The Charles Schwab Corporation (Nasdaq:SCHW) is a leading provider of financial services, with more than 300 offices and 7.7 million client brokerage accounts, 1.5 million corporate retirement plan participants, 739,000 banking accounts, and $1.4 trillion in client assets. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Named Highest in Investor Satisfaction by J.D. Power and Associates, its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through its Advisor Services division. The Charles Schwab Bank (member FDIC) provides banking and mortgage services and products. More information is available at www.schwab.com.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With more than 8,000 listed issues, NYSE Euronext's equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent nearly 40 percent of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the S&P 100 index and Fortune 500. For more information, please visit: http://www.nyx.com.
Greg Gable, 415-667-0473 (Media)
Rich Fowler, 415-667-1841 (Investors/Analysts)