Replies to post #51713 on Sharing Knowledge in Smallcaps

[BullNBear52]

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