Ally Invest Joins the Zero Commissions Movement
Ally Financial Inc. (ALLY)
Last ally financial inc. earnings: 4/20 07:30 am
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US:NYSE Investor Relations:
ally.com/about/investor
Company Research
Source: PR Newswire
CHARLOTTE, N.C., Oct. 4, 2019 /PRNewswire/ -- Ally Invest, the online brokerage and wealth management arm of Ally Financial Inc. (NYSE: ALLY), today announced it is joining the online trading movement that is eliminating commissions on U.S. exchange-listed stock, ETF, and option trades. The firm's long-standing per trade price of $4.95 is now moving to $0, effective October 9, 2019. In addition, clients trading options pay a competitive contract fee of just $0.50."With continued advancements in technology making online trading increasingly more cost-efficient, it was inevitable our industry would reach a point where self-directed investors could participate in the market for little to no cost," said Lule Demmissie, president of Ally Invest. "At Ally Invest, we've been planning for this evolution to democratize investing and are happy to be in the company of firms prepared to offer customers zero commission trading, while continuing to deliver an outstanding customer experience with a
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ALLY
Earnings
- 4/19/24 - Beat
ALLY
Sec Filings
- 4/22/24 - Form 424B2
- 4/18/24 - Form 8-K
- 4/8/24 - Form 4
- ALLY's page on the SEC website