Schwab just cut online trading commissions. Here’s what that means for investors: by skleb1234
“Generally, lower fees are good for investors,” Alex Bryan, director of passive strategies for North America at Morningstar, says of the Schwab announcement. “From an individual investor’s perspective, it’s not going to move the needle all that much—but it could clearly be a precursor to a larger shift in the business model for many of these low-cost brokerage firms.”, Vanguard said the firm is “happy to see others in the industry continue to follow our lead in reducing the cost of investing.
. “Eliminating commissions ensures my ultimate vision is realized—making investing accessible to all.”Schwab’s announcement caused online brokerage stocks to tank, with some plunging to their lowest levels in years. Schwab’s own stock fell 9% on Tuesday morning. Rival TD Ameritrade fell more than 23%, its worst single-day drop since 2006. Online broker E-Trade also cratered, plunging over 16%.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Schwab to drop commissions on U.S. stock, ETF and options trades, slamming online broker stocksCharles Schwab Corp. shares fell sharply in premarket trade Tuesday, after the company said it is planning to drop commission on U.s. stocks, ETFs and...
Weiterlesen »
Schwab Just Cut Online Trading Commissions. Here’s What That Means For InvestorsThe years-long battle over low-fees in the brokerage industry continues.
Weiterlesen »
Stocks making the biggest moves midday: McDonald's, Charles Schwab, TD Ameritrade & moreThese are the stocks posting the largest moves midday.
Weiterlesen »
Charles Schwab to end commissions for stock trading, shares fallDiscount brokerage company Charles Schwab Corp said on Tuesday it is eliminating...
Weiterlesen »
Schwab Just Cut Online Trading Commissions. Here’s What That Means For InvestorsThe years-long battle over low-fees in the brokerage industry continues.
Weiterlesen »