Schwab shares are trading higher as the stock rebounds. The stock fell Monday after the company announced job cuts and said it expects costs of up to $500 million.
Portfolio Pulse from Benzinga Newsdesk
Schwab's stock is trading higher after a dip on Monday due to the announcement of job cuts and expected costs of up to $500 million.
August 23, 2023 | 7:54 pm
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Schwab's stock is rebounding after a dip due to job cuts and expected costs of up to $500 million.
The news directly pertains to Schwab and its stock price. The rebound indicates investor confidence despite the recent announcement of job cuts and expected costs. This could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100