Zero commission is sapping investor interest in brokerage shares

Zero Fee Stockbroking

An intense price war is going on the US brokerage sector. ETrade, following Charles Schwab and TD Ameritrade, is charging $0 for trades in stocks and exchanged-traded funds (ETFs). This move will cost the company an estimated $75 million in its second quarter earnings. Understandably, investors gave the stock a thumb down. E-Trade, with the […]

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