Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Bank of America expands zero-commission stock trading

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/22/2019 | 12:41pm EST
FILE PHOTO: A man uses an ATM machine next an inflatable plastic balloon inside a Bank of America branch in Times Square in New York

(Reuters) - Bank Of America said on Monday it would expand its zero-dollar online trading to all customers of its Preferred Rewards program and cut commissions for others, following similar moves by several online brokers.

Discount brokerage Charles Schwab Corp, Fidelity Investments and TD Ameritrade had eliminated commissions on online trading earlier this month to lure clients amid increased competition from several fintech startups that offer quick and cheaper services.

"We began offering zero-dollar trading 13 years ago as one of the many ways we reward clients for doing business with us," Aron Levine, head of Consumer Banking and Investments at Bank of America, said in a statement.

The Charlotte, North Carolina-based bank offers zero-dollar online trading through its Merrill Edge Self-Directed program.

Bank of America reported better-than-expected third-quarter numbers last week, easing concerns that lower interest rates would crimp growth.

(Reporting by Abhishek Manikandan in Bengaluru; Editing by Sriraj Kalluvila)

Stocks mentioned in the article
ChangeLast1st jan.
BANK OF AMERICA CORPORATION 1.04% 33.18 Delayed Quote.32.67%
TD AMERITRADE HOLDING CORPORATION -0.52% 48.13 Delayed Quote.-1.18%
THE CHARLES SCHWAB CORPORATION 0.35% 48.2 Delayed Quote.15.65%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
06:48p[WEBINAR RECORDING] : Lessons Learned from Coal Communities Across The Country
PU
06:43pMARCO RUBIO : Rubio Praises New Sanctions Against Iran's Minister of Information and Communications Technology
PU
06:28pCANADIAN OFFICIAL'S CRITIQUE OF 737 MAX SOFTWARE REFLECTS 'WORKING-LEVEL' VIEW : regulator
RE
06:27pCanadian official's critique of 737 MAX software reflects 'working-level' view - regulator
RE
06:19pMexico urges U.S. Congress not to let politics impede trade deal approval
RE
06:19pMexico's economy minister tries to dispel concerns over labor reform
RE
06:19pHorizons ETFs Announces November 2019 Distributions for its Covered Call ETFs
AQ
06:16pMACY'S, COTY, AMERICAN EXPRESS : Stocks That Defined the Week
DJ
06:14pHorizons ETFS Announces November 2019 Distributions for Certain Active ETFs
AQ
06:00pWeWork names new executives, path to profitability by 2023 - report
RE
Latest news "Economy & Forex"