Financials: 2 Big Acquisitions in the Financial Industry

Industry Focus

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4.6 • 854 Ratings

🗓️ 25 November 2019

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

M&A activity is heating up in the financial sector. We just learned that Schwab (NYSE: SCHW) is officially acquiring TD Ameritrade (NASDAQ: AMTD) in an all-stock deal, which will create a wealth management powerhouse with more than $5 trillion under management. Separately, PayPal (NASDAQ: PYPL) is spending $4 billion to acquire deal-finding platform Honey, which could help enhance the shopping experience for PayPal’s 300 million users. Plus, we dive into StoneCo’s (NASDAQ: STNE) third quarter earnings and talk about some of the stocks our listeners are buying.

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Transcript

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0:00.0	Thanks to help IQ for supporting this episode of industry focus.
0:03.0	Health IQ uses science and data to secure lower rates on life insurance.
0:07.0	To see if you qualify, go to health IQ.com slash fool
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0:14.8	41% on premiums. Thanks also to Quip for supporting this episode of
0:19.0	industry focus. Join over 3 million healthy mouths and get quip today starting at just $25.
0:25.0	And if you go to get quip.com slash fool right now, you'll get your first refill free.
0:33.0	Welcome to Industry Focus, the podcast that dives into a different sector of the stock market each day.
0:40.0	It's Monday November 25th. I'm your host Jason Moser and joining me today as always.
0:44.8	Certified Financial Planner, Mr. Matt Frankel. Matt, how's everything?
0:49.1	Oh, it's doing just great today. I'm a lot of news to talk about I'm excited to get into it.
0:53.6	Yeah yeah there is a lot of news I tell you we had today was like massive merger
1:00.3	Monday for market foolery earlier and we definitely have some of that news to cover
1:04.8	to today. Speaking of which on today's financial show we'll take a look at
1:09.6	PayPal's latest acquisition, we'll take a look at Stoneco's most recent quarter.
1:14.6	We've got plenty more of the last stock you bought and why, but we'll lead today off with the
1:19.5	big news of the day, though I think we had the weekend more or less to mull it over it
1:24.4	looks like Charles Schwab will indeed be acquiring TD Ameritrade in a
1:30.4	26 billion dollar all-stock deal.
1:34.6	Matt, I just hope they don't use this as an excuse
1:37.2	to pivot away from those $0.00 commissions
1:40.3	we've come to know and love. I don't think they will, but I mean the key is just how smart of a move Schwab has made over the past
	...

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