Schwab estimates TD Ameritrade acquisition and integration costs at $1.6bn
Schwab estimates acquisition and integration-related costs and capital expenditures related to the integration of TD Ameritrade to be around $1.6 billion.
Schwab estimates acquisition and integration-related costs and capital expenditures related to the integration of TD Ameritrade to be around $1.6 billion.
Record client trading activity, and the addition of TD Ameritrade, led to an 88% increase in Schwab’s trading revenue to $1.4 billion.
Schwab has commenced reduction of overlapping or redundant roles across the two firms and rationalization of branch locations.