Lavish 20 billion dollars on repurchasing stocks to show confidence in growth in Charles Schwab Corporation (SCHW.US).

According to 36kr Finance APP, the Wall Street asset management giant Charles Schwab Corporation (SCHW.US) announced on Thursday a new stock repurchase plan worth up to $20 billion, driving the company's stock price higher. As of the close of the U.S. stock market on Thursday, Charles Schwab's stock price rose by nearly 2%, with a year-to-date increase of 30%, outperforming the S&P 500 index by a large margin.