November 21, 2019 / 10:55 AM / 24 days ago

Charles Schwab in talks to buy smaller rival TD Ameritrade - CNBC

Nov 21 (Reuters) - Discount brokerage Charles Schwab Corp is in talks to buy smaller rival TD Ameritrade and a deal could be announced as early as Thursday, CNBC reported, citing a source familiar with the matter.

Shares of TD Ameritrade rose over 20% to $50.01 before the bell, while shares of Charles Schwab dipped 3% to $43.40. (cnb.cx/2qBS3bJ)

Both companies did not immediately respond to Reuters’ requests for comment. (Reporting by Tamara Mathias in Bengaluru; Editing by Maju Samuel)

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