Bank Of America expands zero-commission stock trading

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, reports Reuters.

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.