Charles Schwab plans to reduce operating expenses by slashing headcount and closing or downsizing some corporate offices, the company said Monday.
The cost-cutting moves, some of which were previously announced, come amid an eventful year for Schwab (ticker: SCHW), which has been buffeted by cash-sorting woes and dramatic swings in its stock price. Shares of Schwab were trading around $56.78, an intraday decline of about 4%, as of Tuesday afternoon. The stock is down about 32% so far this year.
Schwab…
Source: finance.yahoo.com
Related posts:
Ark's Cathie Wood is Buying This Top Artificial Intelligence (AI) Stock Hand Over Fist
Louis Simpson, Buffett’s Onetime Stock Picker, Dies at 85
What Does Warren Buffett Think of Berkshire Stock? Earnings Will Offer a Clue.
When Fed tightening ends, nothing performs better than 30-year Treasurys — not even the S&P 500,...
The PC boom has gone bust, and we are about to see the results ahead of Black Friday