Consolidation in the Brokerage Industry: Is Robinhood Next to be Acquired?
We're seen quite a bit of consolidation in the brokerage industry over the past year or so, most notably with Charles Schwab (NYSE: SCHW) purchasing TD Ameritrade and Morgan Stanley (NYSE: MS) buying E*Trade. However, with zero-commission trading now the industry standard and the general trend toward less fees for financial services, the consolidation might not be done just yet. In this short video, Motley Fool analyst Jason Moser and Fool.com financial sector expert Matt Frankel, CFP, discuss whether Robinhood might be the next acquisition target, and who might be interested.
Source Fool.com
