<div id="readability-page-1"><div><ul> <li>In May 2026, The Charles Schwab Corporation completed two fixed-to-floating rate note offerings totaling US$2.25 billion, issuing senior unsecured callable variable-rate bonds maturing in 2030 and 2037 and bringing on major banks including Citigroup, BofA Securities, Wells Fargo, Goldman Sachs and J.P. Morgan as co-lead underwriters.</li> <li>The offerings, alongside Schwab’s increased revenue growth guidance and expanding use of AI tools, underscore how the firm is funding and scaling technology-driven wealth management capabilities across its broad client base.</li> <li>We’ll now examine how Schwab’s higher revenue growth guidance, supported by these debt offerings, may influence its existing investment narrative.</li> </ul><p>The latest GPUs need a type of rare earth metal called Dysprosium and there are only 28 companies in the world exploring or producing it. Find the list for free.</p><h2>Charles Schwab Investment Narrative Recap</h2><p>To own Charles Schwab, you need to believe its scale in wealth management, advisory and banking can keep attracting assets and deepening client relationships, even as digital-first rivals and fee pressure intensify. In the near term, the key catalyst is management’s higher revenue growth guidance, with the main risk still Schwab’s reliance on net interest income. The new US$2.25 billion fixed-to-floating note offerings modestly increase financial flexibility but do not materially change that core risk-reward trade-off.</p> <p>The most relevant recent development alongside these bond deals is Schwab’s move to roll out generative AI tools to retail clients. That announcement ties directly into the revenue guidance shift, since AI-driven personalization could help support engagement across Schwab’s vast asset base. For investors, the interplay between fresh funding, rising tech spend and AI-enabled services will be central to assessing whether higher growth expectations can be met without undue margin pressure.</p> <p>Yet despite these positive headlines, investors should be aware that Schwab’s dependence on net interest income and any future interest rate shifts could...</p> <p>Read the full narrative on Charles Schwab (it's free!)</p><p>Charles Schwab's narrative projects $31.5 billion revenue and $12.4 billion earnings by 2029. This requires 8.3% yearly revenue growth and about a $3.4 billion earnings increase from $9.0 billion today.</p><p>Uncover how Charles Schwab's forecasts yield a $115.20 fair value, a 28% upside to its current price.</p><h2>Exploring Other Perspectives</h2> <p>Before this news, the most optimistic analysts were assuming about 18 percent annual revenue growth and US$12.5 billion of earnings by 2029, which is far more upbeat than consensus. If you lean toward that view, you are also assuming Schwab’s push into lending and balance sheet driven income will pay off, even though the latest funding moves and rate sensitivity could alter how realistic that path looks.</p><p>Explore 5 other fair value estimates on Charles Schwab - why the stock might be worth just $107.63!</p><h2>Form Your Own Verdict</h2><p>Don't just follow the ticker - dig into the data and build a conviction that's truly your own.</p><ul><li>A great starting point for your Charles Schwab research is our analysis highlighting 6 key rewards and 1 important warning sign that could impact your investment decision.</li><li>Our free Charles Schwab research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Charles Schwab's overall financial health at a glance.</li></ul><h2>Want Some Alternatives?</h2><p>Early movers are already taking notice. See the stocks they're targeting before they've flown the coop:</p><ul><li>The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 14 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement.</li><li>Invest in the nuclear renaissance through our list of 88 elite nuclear energy infrastructure plays powering the global AI revolution.</li><li>The future of work is here. Discover the 34 top robotics and automation stocks leading the charge in AI-driven automation and industrial transformation.</li></ul> <p><em> This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data     and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your     financial situation. We aim to bring you long-term focused analysis driven by fundamental data.     Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.     Simply Wall St has no position in any stocks mentioned.</em></p></div></div>

SCHW

<p>In May 2026, Charles Schwab Corporation issued $2.25 billion in fixed-to-floating rate notes, with major banks as underwriters. This move, along with increased revenue growth guidance and AI tool implementation, aims to enhance technology-driven wealth management. Analysts project $31.5 billion in revenue and $12.4 billion in earnings by 2029, requiring 8.3% annual growth. Despite positive developments, Schwab's reliance on net interest income remains a risk for investors.</p>

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SCHWAB(CHARLES)CORP 5.95% DEP SHS REP 1/40 NON CUM PERP PF D

SCHWAB(CHARLES)CORP 4.450% DEP SHS REP 1/40TH N-CUM PFD SERJ

CITIGROUP INC 6.250 NON CUM SER II PFD WI

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A DD

WELLS FARGO & COMPANY 7.5% PERP CONV PRF CLS 'A' SERIES 'L'

WELLS FARGO & COMPANY DEP SHS REP 1/1000 INT PER PFD SER Y A

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A CC

WELLS FARGO & COMPANY 4.75% DEP SHS 1/1000 NCUM PFD CL A SR Z

WELLS FARGO & COMPANY DEP SHS REP 1/1000TH INT PFD SR AA (CLA)

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JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

NVIDIA Corporation

What Charles Schwab (SCHW)'s New Debt-Funded Tech Push Means For Shareholders