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.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

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