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Charles Schwab is reported to have acquired TD Ameritrade for a price of over 200 billion yuan

2019-11-22T03:49:58.573Z


In recent years, Hong Kong people's interest in investing in US stocks has become more and more intense. Many people have adopted Internet brokers with relatively favorable commissions. Foreign news reports, the US discount broker Charles Schwab is buying the same industry Demei Li


Financial News

Written by: Wen Zongzong

2019-11-22 11:35

Last updated: 2019-11-22 11:35

In recent years, Hong Kong people's interest in investing in US stocks has become more and more intense. Many people have adopted Internet brokers with relatively favorable commissions. According to foreign reports, Charles Schwab, a US discount broker, is negotiating with TD Ameritrade for a price of up to 26 billion yuan (US$ ‧ the same, about 200.3 billion Hong Kong dollars).

If the transaction becomes a discount broker, Big Mac

The Wall Street Journal quoted sources as saying that the two sides had talked about the potential mergers and acquisitions for several months. Yesterday (21st), an agreement was reached. If it happened, the purchase price would be close to the market value of Demerit Securities. At present, Charles Schwab is a "big brother" in the business of discount coupons. The client's assets are as high as 3.85 trillion yuan, and Demerit Securities is close behind. Therefore, if the two sides implement the merger, they will become the industry's giants and further leave the third. E-Trade.

As the US stock market entered its 10th year, the discount brokerage business grew strongly. However, the industry also experienced fierce competition. In October, Charles Schwab announced the cancellation of US stock trading commissions. Demerit Securities, Fidelty and other rivals followed. The analysis expects that once the acquisition will strengthen the leading position and pricing power of Charles Schwab, it may also face anti-monopoly measures by the regulatory authorities.

After the news came out, the US stock discount brokerage sector was mixed. Jiaxin Wealth closed up 7.3% to 48.03 yuan; Demei Securities rose 16.9% to 48.38 yuan; competitor Yichuang Finance fell 9.3% to 41.58 yuan; Interactive Brokers fell 0.9% to $46.83;

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Source: hk1

All news articles on 2019-11-22

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