TD Ameritrade CEO Hockey Announces Surprise Exit

The transcript discusses the sudden resignation of CEO Mr. Hockey, highlighting its implications for the company's future direction. It reviews past business decisions, such as the acquisition of Scott trade, which was seen as a distraction. The conversation shifts to market pressures, particularly the impact of JP Morgan's zero-fee strategy. Finally, it explores the potential for future mergers and acquisitions, with insights from Bloomberg Intelligence.

What does the text suggest about potential M&A activities?

What changes are occurring at the top of Wall Street brokerages?