EToro falls after TradeZero takeover announcement

eToro

11/08/2026 13:28

** Shares of retail trading platform eToro Group ETOR.O fall 5.9% to $32 premarket
** Co to acquire TradeZero, a U.S.-focused online brokerage serving active traders, in a cash and stock deal worth up to $231 million
** Deal expected to close in the first half of 2027 upon regulatory approvals and customary closing conditions 
** Co also beats Wall Street estimates for second-quarter adj. profit, according to data compiled by LSEG 
** 10 of 15 brokerages rate the stock "buy" or higher and five "hold"; median PT is $57
** As of last close, stock down 3.2% YTD

 (Reporting by Anand Gopal in Bengaluru)
 ((anandgopal.r@thomsonreuters.com))