InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,099.96
(
1.02%
)
US TECH 100
17,244.00
(
1.57%
)
Dow Jones
38,239.66
(
0.40%
)
Brent Oil
88.17
(
0.00%
)
Bitcoin
62,975.85
(
-1.20%
)
Post# of 54371
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

BullNBear52

Send PM Follow Ignore
Followers 132
Posts 200807
Boards Moderated 19
Alias Born 12/16/2002

BullNBear52

Member Level

Re: bar1080 post# 51713

Tuesday, 10/01/2019 9:06:54 AM

Tuesday, October 01, 2019 9:06:54 AM

Post# of 54371
Charles Schwab is ending commissions on stock trading and the brokerage shares are tanking
PUBLISHED 10 MIN AGOUPDATED MOMENTS AGO
Maggie Fitzgerald
@MKMFITZGERALD
This is a developing story. Check back for updates.

Charles Schwab said on Tuesday that it is ending commissions for online trading in U.S. stocks, exchange-traded funds and options.

Shares of Schwab fell 5% in premarket trading Tuesday. TD Ameritrade and ETrade shares dropped more than 10%.

Starting on October 7, Schwab will be slashing its commission cost from the previous $4.95 to zero.

The changes will apply to securities on Canadian exchanges as well.

https://www.cnbc.com/2019/10/01/charles-schwab-is-eliminating-online-commissions-for-trading-in-us-stocks-and-etfs.html

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up