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  • Writer's pictureIshfaaq Peerally

Charles Schwab to acquire TD Ameritrade

Charles Schwab is the is one of the largest brokerage firms in the US and is also the thirteenth largest US bank with over $3 trillion in assets under management. Recently, Charles Schwab made a big industry changing decision when they dropped commissions on online trades forcing their competitors, TD Ameritrade and E-Trade to follow suit. I made a video talking about that.

But this week, Charles Schwab made another big announcement, they are going to acquire their competitor TD Ameritrade for $26 billion in an all-stock transaction. Is this a good deal for Charles Schwab? Is this a good deal for TD Ameritrade? Is it a good deal for us? Are there arbitrage opportunities?

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