Schwab in talks to buy TD Ameritrade, reports say

Charles Schwab Corp. /zigman2/quotes/201281754/composite SCHW +2.46% is in talks to buy TD Ameritrade /zigman2/quotes/207561492/composite AMTD +2.61% , CNBC reported , citing an unnamed source. The initial CNBC report said a deal could be announced as early as today. Fox Business separately reported Schwab will agree to pay $26 billion . The sector has been pressured of late by the move to no-fee commissions.

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Charles Schwab Corp.

US : U.S.: NYSE

$ 34.21

+0.82 +2.46%

Volume: 13.57M

July 6, 2020 4:00p

P/E Ratio

13.34

Dividend Yield

2.10%

Market Cap

$42.99 billion

Rev. per Employee

$563,538

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TD Ameritrade Holding Corp.

US : U.S.: Nasdaq

$ 36.93

+0.94 +2.61%

Volume: 6.42M

July 6, 2020 4:00p

P/E Ratio

10.48

Dividend Yield

3.36%

Market Cap

$19.47 billion

Rev. per Employee

$621,366