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.
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fuente: CNBC - 🏆 12. / 72 Leer más »