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Nov. 21, 2019, 6:03 a.m. EST

Discount brokers surge premarket after report Schwab in talks to buy TD Ameritrade

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By Steve Goldstein

The discount-brokerage sector rose in premarket trading Thursday after CNBC reported Charles Schwab /zigman2/quotes/201281754/composite SCHW -2.62% was in talks to buy TD Ameritrade. TD Ameritrade /zigman2/quotes/207561492/composite AMTD -2.72% surged 21%, Interactive Brokers /zigman2/quotes/208880397/composite IBKR -1.22% rose 3.3%, and E-Trade /zigman2/quotes/205731930/composite ETFC -0.96% rose 6.8%. Schwab fell 1.7%.

/zigman2/quotes/201281754/composite
US : U.S.: NYSE
$ 47.15
-1.27 -2.62%
Volume: 11.27M
Jan. 24, 2020 4:10p
P/E Ratio
17.66
Dividend Yield
1.44%
Market Cap
$62.20 billion
Rev. per Employee
$563,538
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/zigman2/quotes/207561492/composite
US : U.S.: Nasdaq
$ 49.32
-1.38 -2.72%
Volume: 4.37M
Jan. 24, 2020 4:00p
P/E Ratio
13.73
Dividend Yield
2.51%
Market Cap
$27.41 billion
Rev. per Employee
$621,366
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/zigman2/quotes/208880397/composite
US : U.S.: Nasdaq
$ 47.65
-0.59 -1.22%
Volume: 671,437
Jan. 24, 2020 4:00p
P/E Ratio
22.71
Dividend Yield
0.84%
Market Cap
$3.70 billion
Rev. per Employee
$1.69M
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/zigman2/quotes/205731930/composite
US : U.S.: Nasdaq
$ 45.63
-0.44 -0.96%
Volume: 5.63M
Jan. 24, 2020 4:00p
P/E Ratio
11.93
Dividend Yield
1.23%
Market Cap
$10.41 billion
Rev. per Employee
$761,500
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