Banking, finance, and taxes

Online Brokers Catch A Bid (SCHW, AMTD, ETFC, IBKR)

This is the new official 48-hour period to be known in the future as GOVERNMENT BACKSTOP DAYS.  While financial stocks are a big beneficiary of this, the moves being seen in online trading firms are just as large or even larger.  Here are some of the pre-market moves and we also included a change from the intraday lows of yesterday morning.

  • Charles Schwab Corp. (SCHW) up 11% at $26.52 pre-market, up 33% from yesterday’s low.
  • TD AMERITRADE (AMTD) up 7% at $20.90 pre-market, up 25% from yesterday’s lows.
  • E*TRADE (ETFC) up 21% at $4.00 pre-market, up 54% from yesterday’s lows.
  • Interactive Brokers (IBKR) up 19.5% at $23.51 pre-market, up 28% from yesterday’s lows.

Jon C. Ogg
September 19, 2008

Get Ready To Retire (Sponsored)

Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Get started right here.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.