Schwab in talks to buy TD Ameritrade, reports say

Charles Schwab Corp. /zigman2/quotes/201281754/composite SCHW +0.43% is in talks to buy TD Ameritrade /zigman2/quotes/207561492/composite AMTD +0.64% , 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.

/zigman2/quotes/201281754/composite

Add to watchlist SCHW

Charles Schwab Corp.

US : U.S.: NYSE

$ 48.95

+0.21 +0.43%

Volume: 14.63M

Dec. 6, 2019 6:30p

P/E Ratio

18.13

Dividend Yield

1.39%

Market Cap

$62.88 billion

Rev. per Employee

$563,538

/zigman2/quotes/207561492/composite

Add to watchlist AMTD

TD Ameritrade Holding Corp.

US : U.S.: Nasdaq

$ 51.12

+0.33 +0.64%

Volume: 6.07M

Dec. 6, 2019 4:00p

P/E Ratio

12.89

Dividend Yield

2.43%

Market Cap

$27.63 billion

Rev. per Employee

$621,366