Charles Schwab eyes purchase of TD Ameritrade: reports By Noah Manskar November 21, 2019 | 6:35am | Updated Enlarge Image Robert Alexander/Getty Images More On: charles schwab $1 million isn't enough to make you wealthy, survey says Washington's uncertainty is leaving investors anxious Managing and lowering the economic 'boom' Is Charles Schwab taking advantage of sweep account customers? Charles Schwab is in talks to buy TD Ameritrade — a blockbuster brokerage deal that could be announced as early as Thursday, reports said. Schwab, headquartered in San Francisco, will shell out a staggering $26 billion for Nebraska-based Ameritrade, according to Fox Business News. The news sent shares for both companies soaring. TD Ameritrade’s stock price jumped 25.5 percent to a high of $51.94 after the opening, while Schwab was up 13.8 percent to a high of $50.97. Schwab was recently trading at $47.60 just before 10 a.m., and Ameritrade was at $47.51. Schwab’s acquisition of Ameritrade would unite the two largest publicly traded discount brokerages and give the combined company $5 trillion in assets, according to CNBC. Schwab shook up the brokerage industry last month when it eliminated commissions for online trades. It didn’t take long for TD Ameritrade and other competitors to do the same. Neither Charles Schwab nor TD Ameritrade immediately responded to requests for comment. https://nypost.com/2019/11/21/charles-schwab-eyes-purchase-of-td-ameritrade-reports/
Charles Schwab in talks to buy TD Ameritrade, deal could be announced as early as today The subject of your thread duplicates the above earlier thread. I suggest you close it