Schwab Stock Falls. It’s Getting Hit by TD Bank’s Plans to Sell Stake. - Barron's
1. TD Bank plans to sell its stake in Charles Schwab. 2. TD holds 10.1% ownership or 184.7 million shares of Schwab. 3. Schwab will repurchase $1.5 billion in shares from TD. 4. CEO states strategic review led to exiting the investment. 5. Schwab's stock declined 2.7% in premarket trading.