Schwab shares are trading lower after the company announced job cuts and said it expects costs of up to $500 million.
Portfolio Pulse from Benzinga Newsdesk
Schwab has announced job cuts and expects costs of up to $500 million, leading to a decrease in its share price.
August 22, 2023 | 3:00 pm
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Schwab's announcement of job cuts and expected costs of up to $500 million has led to a decrease in its share price.
The announcement of job cuts and high expected costs are negative news for Schwab, which has led to a decrease in its share price. Investors may be concerned about the company's financial stability and future profitability, leading to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100