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

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© Reuters. © Reuters. – Charles Schwab (NYSE:) 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:) tumbled 4.6% in premarket trade.
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