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Charles Schwab Saw Trading Accounts Surge 31% In One Month After Dropping Commission Fees

TedTed
in The Bullpen
FYI: Charles Schwab added 142,000 brokerage accounts in October, a 31% surge from the previous month boosted by its elimination of trading fees.
Analysts feared the firm's slashed fees would cut into its margins, and the monthly jump in trading accounts counters some worries.
The company reached 12.2 million total active brokerage accounts in October, and total client assets climbed to $3.85 trillion, according to a Thursday press release.
Regards,
Ted
https://markets.businessinsider.com/news/stocks/charles-schwab-trading-accounts-soar-after-commission-fees-slashed-2019-11-1028690365?utm_source=daily+ar&utm_campaign=1ccef800cc-rss_email_campaign&utm_medium=email&utm_term=0_c08a59015d-1ccef800cc-144127017
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