E*Trade Financial Corp.’s prospects as an acquisition target dimmed this week in the wake of the $26 billion merger announcement of its two larger rivals, Charles Schwab Corp. and TD Ameritrade Holding Corp.A pioneer in online stock trading, E*Trade had said in recent months that it was open to being acquired. Pressure on the industry intensified in October after trading commissions hit zero in the latest outbreak of a price war between discount brokers.

Source: Wall Street Journal November 29, 2019 15:22 UTC