Charles Schwab Stock Falls Amid Downsizing and Profit Warnings
TL;DR Summary
Charles Schwab's stock dropped after CEO Walt Bettinger II announced the need for downsizing to maintain profitability, following a mixed earnings report with revenue growth of less than 1% and new brokerage accounts falling short of expectations.
- Charles Schwab stock drops after CEO's downsizing comments Yahoo Finance
- Charles Schwab Warns It Must Shrink to Protect Profits Bloomberg
- Charles Schwab Stock Slides After Earnings. Here’s Why. Barron's
- Brokerage Charles Schwab's profit falls on weaker interest income Reuters
- Charles Schwab Stock Slides After Brokerage Reports Lower Bank Deposits, More Short-Term Funding The Wall Street Journal
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