Shares of E-Trade (ETFC) are up over 6% this morning to $1.81 on new hopes of consolidation in the discount brokerage arena.
The market is responding to a report in Reuters that quoted TD Ameritrade (AMTD) CEO Fred Tomczyk saying, “”There are lots of potential acquisitions and we’ve got a lot of firepower, so we do look at that.”
E-Trade saw a similar spike last November, when Tomczyk addressed the possibility of a deal involving the rivals.
TD Ameritrade shares are up 1.5%, or 31 cents, today to $20.49.
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