Why Charles Schwab Stock Jumped 22% in November
Shares of Charles Schwab (NYSE: SCHW) gained 21.6% last month, according to data provided by S&P Global Market Intelligence.
The stock jumped on news that two of the most popular brokerage firms were joining forces. Charles Schwab reached an agreement to acquire TD Ameritrade (NASDAQ: AMTD) in an all-stock deal worth $26 billion. Under the terms of the deal, TD Ameritrade shareholders will receive 1.0837 shares of Schwab for each share of TD Ameritrade. The deal is expected to close in the second half of 2020.
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Source Fool.com
