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NewsBreak- Charles Schwab Eliminates U.S. Stock and ETF Commissions

NewsBreak- Charles Schwab Eliminates U.S. Stock and ETF Commissions

Oct 01, 2019

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Charles Schwab (NYSE:SCHW) said Tuesday it will eliminate commissions on U.S. stock, ETFs and options investments.

  • The company currently charges a fee of $4.95 for such transactions, representing a significant part of the company's revenue.

  • The service is open to any client using its web and mobile services.

  • Charles Schwab (NYSE:SCHW) tumbled 4.6% in premarket trade.

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