Billions Lost: Here’s How Much E-Trade, Schwab and TD Ameritrade Are Losing From Slashing Trading Fees
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Billions Lost: Here’s How Much E-Trade, Schwab and TD Ameritrade Are Losing From Slashing Trading Fees

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Brokerages will cumulatively lose billions of dollars in revenue.
BLOOMBERG NEWS
Topline: As the race to the bottom continues, slashing trading fees will eliminate billions of dollars of revenue for discount brokerage firms, although some may be better positioned to weather the impact.

Charles Schwab—the first to nix trading fees last…

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