Schwab Moves to Buy Out Rival TD Ameritrade
November 29, 2019 at 08:00 AM EST
The brokerage industry was abuzz Thursday morning on news that Charles Schwab ( SCHW ) is acquiring rival TD Ameritrade ( AMTD ) for $26 billion, headlines that sent the iShares US Broker-Dealers & Securities Exchanges ETF ( IAI ) slightly higher.
