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Nov. 21, 2019, 6:28 a.m. EST

Schwab in talks to buy TD Ameritrade, reports say

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By Steve Goldstein

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
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
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/zigman2/quotes/207561492/composite
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
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