Albert Pete Kyle

KylePete

Albert S. (Pete) Kyle has been the Charles E. Smith Chair Professor of Finance at the University of Maryland's Robert H. Smith School of Business since 2006. He earned is B.S. degree in mathematics from Davidson College (summa cum laude, 1974), studied philosophy and economics at Oxford University as a Rhodes Scholar from Texas (Merton College, 1974-1976, and Nuffiled College, 1976-1977), and completed his Ph.D. in economics at the University of Chicago in 1981. He has been a professor at Princeton University (1981-1987), the University of California Berkeley (1987-1992), and Duke University (1992-2006).

Robinhood Effect: Why JPMorgan Is Offering Free Stock Trades

SMITH BRAIN TRUST – In a kind of Robinhood effect, JPMorgan Chase recently launched a new digital investing service with deeply discounted trading fees and free access to the bank’s stock research.

It’s seeking to attract younger, millennial investors and striving to fend off competition from fast-growing startups – notably Robinhood Markets Inc. – that offer unlimited, free app-enabled trading services.

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