Schwab Moves to Acquire Rival TD Ameritrade
November 22, 2019 at 11:20 AM EST
The brokerage industry was abuzz Thursday morning on news that Charles Schwab (NYSE:SCHW) is acquiring rival TD Ameritrade (NASDAQ: AMTD) for $26 billion, headlines that sent the iShares US Broker-Dealers & Securities Exchanges ETF (NYSEArca: IAI) slightly higher. IAI includes exposure to...