Aug
21
JPMorgan Chase & Co. is boosting its digital investing service with free trades for customers in a move that sent the world of online brokerages into disarray Tuesday.
The bank is trying to bring in more first-time investors, including millennials, as well as customers of the bank who invest elsewhere. JPMorgan’s move could accelerate the pricing war buffeting rivals such as TD Ameritrade Holding Corp. and Charles Schwab Corp., which have been cutting fees in a fierce competition for customers. Fintech startups offering…
JPMorgan Offers Free Trades, Accelerating a Pricing War
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