Schwab Acquisition Gives Customers More Options

Charles Schwab Corporation(SCHW) recently announced its decision to acquire optionsXpress in a friendly all-stock deal, as the company takes aim at the growing foreign exchange market. The move adds to Schwab's arsenal as it competes with firms like E-Trade(ETFC), Ameritrade(AMTD), Fidelity and Bank of America(BAC).

Our $19.74 price estimate for Charles Schwab implies a roughly 10% premium to the stock's market price.

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Schwab Acquisition Gives Customers More Options originally appeared on BloggingStocks on Tue, 05 Apr 2011 14:40:00 EST. Please see our terms for use of feeds.

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