Schwab's CEO Is Coming Out Unsolicited and Saying That They Have the Ability to Weather the Storm

Danny Cevallos: Schwab's stock is down 5.5% trading very near multi-year lows. He says the company needs to raise capital because it faces $11 billion in unrealized losses. "I could see a bearish argument getting to $30 to $35 without the cataclysmic thing,"Cevallos says. 'It pays to not be long the stock here'

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