Charles Schwab saw trading accounts surge 31% in one month after slashing commission fees

  • 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.

Source: Charles Schwab saw trading accounts surge 31% in one month after slashing commission fees

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