Charles Schwab Says 'Schwab Stock Slices' Now Available to Clients
02 June 2020 - 6:02PM
Dow Jones News
By Stephen Nakrosis
Charles Schwab Corp. on Tuesday said Schwab Stock Slices, "a new
service that lets investors own any of America's leading companies
in the S&P 500 for as little as $5 each," is now available to
clients.
The service allows customers the opportunity to purchase a
single stock slice, or up to 10 different slices at one time, the
company said. Similar to regular stock trades, Schwab Stock Slices
are purchased commission-free online.
"Stock Slices allows anyone to invest using fractional shares,
and we're excited by the possibilities inherent in this
functionality to enhance how clients invest," said Neesha Hathi,
executive vice president and head of Schwab Digital Services.
Charles Schwab Corp. shares are trading higher on the New York
Stock Exchange. At 12:22 p.m. EDT, the company's shares were 2.05%
higher at $37.26.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
June 02, 2020 12:47 ET (16:47 GMT)
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