Schwab’s plan to offer fractional shares starting in June is a shot across the bow at Robinhood, Stash.
May 05, 2020 at 14:39 PM EDT
Discount-brokerage giant Charles Schwab on Tuesday announced that it will offer trading in fractional shares of individual stocks as soon as June, delivering on a promise made by its founder back in October, while providing competition for micro-brokerages like Robinhood and Stash who have drawn an increasingly younger demographic.