Charles Schwab will soon let its clients trade fractions of stocks, the founder and chairman told the Wall Street Journal in an interview.
In the coming months, Schwab clients that want to own Apple's stock, won't need the entire $234.49 it takes to own an entire share of the technology giant. It's a push to attract a younger demographic, Schwab told the WSJ.
Schwab is not the first company to take a stab at offering partial stock trades. Smaller companies like Stockpile, which was founded in 2010, have provided this type of service but Schwab, which holds about $3.72 trillion in client assets, is the first major online broker to allow fractional trading.
Earlier this month, Schwab dropped all commission fees for U.S. stocks, ETFs and options trades. Brokerage rivals
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Latest News - MarketWatchGet the latest stock market, financial and business news from MarketWatch.
Read more »
How 27 New Yorkers See Their Futures In The World27 pedestrians try on gucci sunglasses at the crossroads of the world: R29xGucci ad
Read more »
Stock picks to buy: Goldman reveals 12 growth stocks at budget prices - Business InsiderGoldman Sachs says companies with steady earnings growth are more expensive than ever, but that it's still possible to find a few at discount prices.
Read more »
https://people.comGet the latest news about celebrities, royals, music, TV, and real people. Find exclusive content, including photos and videos, on PEOPLE.com.
Read more »
https://people.comGet the latest news about celebrities, royals, music, TV, and real people. Find exclusive content, including photos and videos, on PEOPLE.com.
Read more »
https://people.comGet the latest news about celebrities, royals, music, TV, and real people. Find exclusive content, including photos and videos, on PEOPLE.com.
Read more »