U.S. discount brokerage TD Ameritrade Holding Corp posted a higher quarterly profit Tuesday as client assets grew and the summer's stock market volatility led to increased trading activity among clients.
After first scoring a hit with Wall Street traders, then with financial advisers, fund companies that market exchange-traded funds are reaching out to an even wider audience: individual investors who trade for their own accounts.
A weak dollar and strong stocks are putting Canuck banks into position to buy up their American counterparts.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Stocks closed mixed as weak housing data was offset by better-than-expected auto sales from GM and sustained expectations for additional rate cuts by the Federal Reserve. "I think with liquidity back in the market you'll still see volatility but you're more likely to see more up days and fewer down days," said David King of Putnam Investments.
Canada's Toronto-Dominion Bank will buy Commerce Bancorp in a cash-and-stock deal worth $8.5 billion, expanding its presence in the U.S.
Bank of America has raised the fee it charges non-customers to withdraw cash from most of its automated teller machines to $3 from $2, a move that may prompt rivals to follow.
The chief executive on TD Ameritrade told CNBC on Wednesday it could not comment on recent merger speculation but said the company continues to talk to competitors, as disclosed in a regulatory filing submitted several weeks ago.