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TD Ameritrade buying rival brokerage Scottrade for $4 billion; STL will lose hundreds of jobs
Stltoday.com (St. Louis Post-Dispatch) ^
| October 24, 2016
| Lisa Brown
Posted on 10/24/2016 12:42:25 PM PDT by Da Bilge Troll
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To: Da Bilge Troll
Huge mergers are going on all over the place. They are close to having only one big global company.
2
posted on
10/24/2016 12:45:03 PM PDT
by
ColdOne
((poochie... Tasha 2000~3/14/11~ Because you'd be in jail! She is a nasty woman! Well she is.)
To: Da Bilge Troll
Yeah the Ricketts family owns TD Ameria Trade...they own the Cubs but they were GOPe kinda billionaires who not too far back switched over to Trump...the governor or I think its Nebraska is also a Ricketts and a Trump supporter.
To: ColdOne
Now we just need Rollerball.
4
posted on
10/24/2016 12:47:03 PM PDT
by
struggle
(The)
To: ColdOne
Less than 6K banks left in America.
5
posted on
10/24/2016 12:47:48 PM PDT
by
donozark
(My thoughts are not very deep. But they are of and inquisitive nature.)
To: Da Bilge Troll
"The more clients you have, the less expensively you can offer services to clients." So, does that mean they will lower prices for trades? No, not by the hair of your chinny chin chin. Scotrade = $7.00 trades Ameritrade = $9.95 trade. Hmmm.
6
posted on
10/24/2016 12:48:19 PM PDT
by
BipolarBob
(My Maserati does 185.)
To: ColdOne
They are close to having only one big global company. If Hillary is elected we will have on big global government.
7
posted on
10/24/2016 12:49:36 PM PDT
by
BipolarBob
(My Maserati does 185.)
To: struggle
Probably not that far off.
8
posted on
10/24/2016 12:51:27 PM PDT
by
wally_bert
(I didn't get where I am today by selling ice cream tasting of bookends, pumice stone & West Germany)
To: Da Bilge Troll
What is left in St Louis?
9
posted on
10/24/2016 12:51:39 PM PDT
by
Spruce
To: Da Bilge Troll
TD Ameritrade is my broker. Glad the transaction wasn’t the other way.
It is worrying.
10
posted on
10/24/2016 12:55:18 PM PDT
by
upchuck
(Trump to the White House!! Hillary to the Big House!! h/t Jim Robinson)
To: BipolarBob
You *can* get lower commissions at Ameritrade (Think or Swim) based upon volume or certain referrals. Slightly.
The analytics they have in their front end are IMO utterly unmatched in the industry, profound. Especially compared to a Fred Flintstone brokerage like Scottrade. Of course, that does not matter if you infrequently buy stock sell stock. They are much easier to get advanced options permissions. Scottrade hates it even when you do covered spreads. When I was at Scottrade I got some astoundingly stenchy executions. I mean, really bad.
But in general, you are correct. TOS is pricey on comms.
To: BipolarBob
You just have to parse the ‘language’ used.
It says they can offer the services LESS EXPENSIVELY. Meaning, it will cost THEM LESS to provide the service. It doesn’t mean they will charge clients less. What would the point be ? The whole point of the merger is to be able to make MORE PROFIT, not LESS. They will be keeping their FEE the same, but since it will cost less after the merger, they make more profit.
12
posted on
10/24/2016 12:55:46 PM PDT
by
UCANSEE2
(Lost my tagline on Flight MH370. Sorry for the inconvenience.)
To: struggle
If she gets in we will have Soylent Green to.
13
posted on
10/24/2016 12:56:13 PM PDT
by
ColdOne
((poochie... Tasha 2000~3/14/11~ Because you'd be in jail! She is a nasty woman! Well she is.)
To: Attention Surplus Disorder
Trump Donor and owns the Cubbies
14
posted on
10/24/2016 12:56:32 PM PDT
by
scooby321
(o even lower)
To: Spruce
What is left in St Louis? They still have the archway.
15
posted on
10/24/2016 12:56:51 PM PDT
by
BipolarBob
(My Maserati does 185.)
To: ColdOne
Huge mergers are going on all over the placeHas been like that for decades. Most of the time it is to obfuscate the reality that they really aren't making enough money for shareholders.
16
posted on
10/24/2016 12:57:49 PM PDT
by
FatherofFive
(No Christian should vote for the candidate who supports abortion.)
To: Da Bilge Troll
17
posted on
10/24/2016 12:58:22 PM PDT
by
dfwgator
To: UCANSEE2
Meaning, it will cost THEM LESS to provide the service.
Yes, I think that pretty much sums it up.
18
posted on
10/24/2016 12:58:47 PM PDT
by
BipolarBob
(My Maserati does 185.)
To: Spruce
What is left in St Louis?Jamilah Nasheed and Maria Chappelle-Nadal.
Mr. niteowl77
19
posted on
10/24/2016 12:59:06 PM PDT
by
niteowl77
(Don't need no Bushes. Don't need no Clintons. Don't need no fooling around.)
To: BipolarBob
so will ameritrade charge a “holding fee” and will their Scottrade customers have a larger trade fee?
20
posted on
10/24/2016 1:02:46 PM PDT
by
longtermmemmory
(VOTE! http://www.senate.gov and http://www.house.gov)
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