Charles Schwab’s board of directors has approved a new $20 billion stock repurchase program, signaling confidence in the company’s position. Following the announcement, shares of the financial services giant rose 1.2% in after-hours trading. The program  The newly approved buyback replaces Schwab’s previous repurchase program, which still had approximately $6.9 billion remaining. In addition to the buyback, Schwab confirmed it will maintain its regular quarterly cash dividend at $0.27 per