- This topic has 4 replies, 4 voices, and was last updated 3 years, 6 months ago by
.
- Posts
Market Summary > TD Ameritrade Holding Corp.
NASDAQ: AMTD
47.69 USD +6.31 (15.25%)
Nov 21, 9:53 AM ESTMarket Summary > Charles Schwab Corporation Common Stock
NYSE: SCHW
48.12 USD +3.39 (7.58%)The Charles Schwab Corporation (NYSE: SCHW) was raised to Equal Weight from Underweight and its target price was raised to $49 from $35 at Barclays.
The firm also raised its rating on merger target TD Ameritrade (NASDAQ: AMTD) to Equal Weight from Underweight in the post-merger announcement trading.
Morgan Stanley is acquiring brokerage firm E*Trade Financial Corp. for $13 billion
The companies announced Thursday. In what’s been described as the largest takeover by a U.S. bank giant since the great recession,
Morgan will pay $58.74 a share in stock for E-Trade in a deal that’s projected to close in the fourth quarter of this year.
The all-stock takeover “will reshape the storied investment bank and firmly stake its future on managing money for regular people,” according to the Wall Street Journal the deal “will combine a Wall Street firm in the late innings of a decade long turnaround with a discount broker built on the backs of dot-com day traders.”
It trails Charles Schwab’s all-stock purchase of TD Ameritrade for $26 billion late last year.
- You must be logged in to reply to this topic.