News Formal

The latest in the brokerage wars: Charles Schwab will allow people to buy fractions of stocks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Charles Schwab will soon let its clients trade fractions of stocks, the founder and chairman told the Wall Street Journal in an interview.

In the coming months, Schwab clients that want to own Apple's stock, won't need the entire $234.49 it takes to own an entire share of the technology giant. It's a push to attract a younger demographic, Schwab told the WSJ.

Schwab is not the first company to take a stab at offering partial stock trades. Smaller companies like Stockpile, which was founded in 2010, have provided this type of service but Schwab, which holds about $3.72 trillion in client assets, is the first major online broker to allow fractional trading.

Earlier this month, Schwab dropped all commission fees for U.S. stocks, ETFs and options trades. Brokerage rivals

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

It'll be on RobinhoodApp Monday. But Robinhood does not allow two way stops. Schwab does. Schwab's the better deal.

foso_defensivo BRK A mon amour

Copy fast! Money for sure gets people smarter...

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Stock picks to buy: Goldman reveals 12 growth stocks at budget prices - Business InsiderGoldman Sachs says companies with steady earnings growth are more expensive than ever, but that it's still possible to find a few at discount prices.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »