Charles Schwab, E*Trade, and TD Ameritrade have seen a combined $18 billion in market value erased as the brokerage-fee war has ramped up

Large brokerage stocks have taken a hit since the price wars escalated Monday, with several major players cutting fees on stock and exchange-traded fund transactions to zero. Charles Schwab has lost $8.5 billion in market value since Monday, while E*Trade has shed $2 billion and TD Ameritrade has seen $7.5 billion erased over the same period. Cutting fees on trades to zero eliminates revenue streams for the traditional brokerages. Read more on Business Insider.

Large brokerage stocks have taken a hit since the price wars escalated Monday, with several major players cutting fees on stock and exchange-traded fund transactions to zero. Charles Schwab has lost $8.5 billion in market value since Monday, while E*Trade has shed $2 billion and TD Ameritrade has seen $7.5 billion erased over the same period. Cutting fees on trades to zero eliminates revenue streams for the traditional brokerages. Read more on Business Insider.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves midday: McDonald's, Charles Schwab, TD Ameritrade & moreThese are the stocks posting the largest moves midday.
Source: CNBC - 🏆 12. / 72 Read more »