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

Banking, finance, and taxes

Published: September 19, 2008 8:24 am

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

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