Charles Schwab (SCHW) in talks to acquire TD Ameritrade (AMTD)
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Price: $100.35 -6.11%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.4%
EPS Growth %: +27.5%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.4%
EPS Growth %: +27.5%
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Charles Schwab (NYSE: SCHW) is in talks to acquire TD Ameritrade (NASDAQ: AMTD) and a deal could be announced as soon as today, CNBC reported.
A subsequent report from Fox Business Network suggested the price being paid by Charles Schwab is $26 billion.
The news follows disruption in the sector whereby many of the major online brokers cut commision to zero to better-complete with venture capital-funded RobinHood.
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