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E*Trade shares soar after TD Ameritrade CEO tells Reuters ready to do deals

E*Trade shares soar after TD Ameritrade CEO tells Reuters ready to do deals

ETrade shares soared as much as 9 percent to a three-month high on April 14 on heavy option volume after Reuters exclusively reported that the CEO of TD Ameritrade said his company has lots of firepower to do a deal. Analysts cited the story to explain a four-fold jump in mostly bullish option sentiment, particularly the CEO`s comments that smaller ETrade is looking better today than it did a year ago. E*Trade has long been rumored a takeover target.

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