Charles Schwab (SCHW) Confirms Acquisition of TD Ameritrade (AMTD) for $26B

Charles Schwab (SCHW), TD Ameritrade (AMTD) deal announcement delayed by "technical hiccup" - FBN

November 22, 2019 9:57 AM EST

Charles Schwab (NYSE: SCHW), TD Ameritrade (NASDAQ: AMTD) deal announcement delayed by technical hiccup -... More

Charles Schwab (SCHW) IV after recent reports in talks to buy Ameritrade (AMTD)

November 22, 2019 5:05 AM EST

Charles Schwab (NYSE: SCHW) November weekly call option implied volatility is at 57, December is at 27; compared to its 52-week range of 22 to 44 after recent reports Schwab in talks to buy Ameritrade (AMTD). Call put ratio 1.6 calls to 1 put.

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JPMorgan lowers account minimum, expands free trades for You Invest

November 21, 2019 5:22 PM EST

By Elizabeth Dilts Marshall

NEW YORK (Reuters) - JPMorgan Chase & Co (NYSE: JPM) said Thursday it is giving free online trades to more customers and lowering the amount of money needed to open one of its robo-adviser accounts, as firms across the industry bow to pressure to reduce fees and account minimums.

The move means that people with as little as $500 can open a You Invest Portfolios account, and Chase customers who have at least $15,000 in their... More

Schwab-TD Ameritrade deal shows Trump rule-easing boon for financial M&A

November 21, 2019 2:14 PM EST

By Michelle Price

WASHINGTON (Reuters) - A possible purchase by brokerage giant Charles Schwab Corp. (NYSE: SCHW) of rival TD Ameritrade (NASDAQ: AMTD) reflects a more relaxed mood under Trump administration regulators, which has helped unleash other big-ticket takeovers in the financial sector, analysts said.

CNBC and Fox Business reported on Wednesday that the two brokerages were in talks to ink a merger that Fox said could be valued at $26 billion. The companies did not respond on Thursday to Reuters requests for comment.

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Charles Schwab (SCHW) November weekly IV increases after CNBC reports Schwab (SCHW) in talks to buy TD Ameritrade (AMTD)

November 21, 2019 10:30 AM EST

Charles Schwab (NYSE: SCHW) November weekly call option implied volatility is at 77, December is at 25; compared to its 52-week range of 22 to 44 after CNBC reports Schwab (SCHW) in talks to buy TD Ameritrade (AMTD). Call put ratio 2.5 calls to 1 put.

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Pre-Open Movers 11/21: (AMTD) (PLAN) (SCHW) Higher; (CUB) (BJ) (OPTN) Lower (more...)

November 21, 2019 9:28 AM EST

Pre-Open Stock Movers

TD Ameritrade (NASDAQ: AMTD) 24.5% HIGHER; 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.

Cubic Corp. (NYSE: CUB) 14.6% LOWER; reported Q4 EPS of $1.86, $0.08 worse than the analyst estimate of $1.94. Revenue for the quarter came in at $471.2 million versus the consensus estimate of $440.34 million. Cubic Corp. sees FY2020 EPS of... More

E*TRADE Financial (ETFC) Could Trade Down 'Meaningfully' on Schwab/TD Ameritrade Merger - KBW

November 21, 2019 9:08 AM EST

KBW analyst Kyle Voigt thinks E*TRADE Financial (NASDAQ: ETFC) could trade down meaningfully amid news rivals TD Ameritrade (NASDAQ: AMTD) and Charles Schwab (NYSE: SCHW) are near a... More

Wall Street dips as investors await U.S.-China trade progress

November 21, 2019 8:01 AM EST

By Sinéad Carew

(Reuters) - U.S. stock indexes moved slightly lower on Thursday as investors moved to the sidelines with mixed messages and no concrete signs of progress on U.S.-China relations.

The U.S. House of Representatives passed two bills to back protesters in Hong Kong and send a warning to China about human rights, a measure that angered Beijing.

But China still invited top U.S. trade negotiators for a new round of face-to-face talks in Beijing, the Wall Street Journal reported, citing unidentified sources.

This was a... More

Charles Schwab (SCHW) to Acquire TD Ameritrade (AMTD) for $26 Billion, Deal to be Announced Today - FBN

November 21, 2019 6:24 AM EST

Charles Schwab (NYSE: SCHW) to Acquire TD Ameritrade (Nasdaq: AMTD) for $26 Billion, Deal to be Announced Today - FBN

Breaking news: @CharlesSchwab will acquire @TDAmeritrade for $26-billion creating an asset manager with $5-Trillion AUM. Deal will be announced today. More exclusive details this am @MorningsMaria @FoxBusiness

Maria Bartiromo (@MariaBartiromo) November 21, 2019

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Charles Schwab in advanced talks to buy TD Ameritrade: source

November 21, 2019 6:23 AM EST

By Tamara Mathias and Anirban Sen

(Reuters) - Charles Schwab Corp (NYSE: SCHW) is in advanced talks to acquire TD Ameritrade Holding Corp (NASDAQ: AMTD), a person familiar with the matter said on Thursday, in a deal that could exceed $26 billion and combine the two largest U.S. discount brokerages.

The companies are hoping their combination, which is bound to be scrutinized heavily by regulators, will give them more scale to withstand the impact of the industry's move toward zero commission for trades, the source said.

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Charles Schwab (SCHW) in talks to acquire TD Ameritrade (AMTD)

November 21, 2019 6:05 AM EST

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... More