Schwab’s zero-fee plan pushes assets to record $4 trillion
Eliminating trading fees pushed client assets to a record as the firm faced a decline in trading revenue
Charles Schwab Corp.’s plan to eliminate trading fees pushed client assets to a record, surpassing $4 trillion, while the firm faced a decline in trading revenue.
Trading revenue plunged 58% to $86 million in the fourth quarter after the company introduced zero-commission trades. Customers open
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