• Morgan Stanley's Gorman charts ambitious course with $13 billion E*Trade deal

    1 month ago - By Reuters

    Morgan Stanley said on Thursday it would buy discount brokerage E*Trade Financial Corp in a stock deal worth about $13 billion, the biggest acquisition by a Wall Street bank since the 2008-2009 financial crisis.
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  • Morgan Stanley buys E*Trade for $13 billion

    1 month ago - By Reuters

    Morgan Stanley is buying discount brokerage E*Trade Financial for $13 billion in an all-stock deal. As Fred Katayama reports, it's the biggest acquisition by a Wall Street bank since the financial crisis.
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  • As Morgan Stanley buys ETrade, Robinhood preps social trading

    As Morgan Stanley buys ETrade, Robinhood preps social trading

    1 month ago - By Tech Crunch

    Before it was worth $7.6 billion, the original idea for Robinhood was a stock trading social network. At my kitchen table in San Francisco in 2013, the founders envisioned an app for sharing hot tips to a feed complete with a leaderboard of whose predictions were most accurate. Once they had SEC approval, they pivoted towards the real money maker: letting people buy and sell stocks in the app, and pay to borrow cash to do so.
    Now seven years later, Robinhood is subtly taking the first steps back to its start. Today it's launching Profiles. For now, they let users see analytics about their...
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  • E-Trade Shares Surge 24% After Morgan Stanley Announces $13 Billion Purchase

    1 month ago - By Forbes

    The deal is expected to close in the fourth quarter of 2020.
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  • E*Trade surges 24% after Morgan Stanley announces it will acquire the online brokerage

    E*Trade surges 24% after Morgan Stanley announces it will acquire the online brokerage

    1 month ago - By Business Insider

    Morgan Stanley announced Thursday that it will acquire online brokerage E*Trade in an all-stock transaction valued at $13 billion, according to a press release .
    E*Trade shares surged as much as 24% early Thursday before trading was halted.
    "E*TRADE's products, innovation in technology, and established brand will help position Morgan Stanley as a top player across all three channels: Financial Advisory, Self-Directed, and Workplace," said James Gorman, CEO of Morgan Stanley.
    Watch E*Trade trade live on Markets Insider .
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  • Here's why Morgan Stanley is spending $13 billion to buy E-Trade

    1 month ago - By CNBC

    Morgan Stanley, the tony investment bank for rich Americans and corporations, is making a play for the masses.
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  • E*Trade surges 24% after Morgan Stanley announces it will acquire the online brokerage

    E*Trade surges 24% after Morgan Stanley announces it will acquire the online brokerage

    1 month ago - By Business Insider

    Morgan Stanley announced Thursday that it will acquire online brokerage E*Trade in an all-stock transaction valued at $13 billion, according to a press release .
    E*Trade shares surged as much as 24% early Thursday before trading was halted.
    "E*TRADE's products, innovation in technology, and established brand will help position Morgan Stanley as a top player across all three channels: Financial Advisory, Self-Directed, and Workplace," said James Gorman, CEO of Morgan Stanley.
    Watch E*Trade trade live on Markets Insider .
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  • Morgan Stanley to buy E*Trade Financial in $13 billion deal

    1 month ago - By Reuters

    Morgan Stanley said on Thursday it would buy discount brokerage E*Trade Financial Corp in an all-stock deal worth about $13 billion, the biggest deal by a Wall Street bank since the financial crisis.
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  • Morgan Stanley will buy E*Trade for $13 billion as brokerage consolidation heats up

    1 month ago - By Fortune

    Morgan Stanley agreed to buy discount brokerage E*Trade Financial Corp. for $13 billion, pushing further into the retail market with its biggest acquisition since the financial crisis.
    The all-stock takeover adds E*Trade's $360 billion of client assets to Morgan Stanley's $2.7 trillion, the companies said Thursday in a statement. Morgan Stanley also gets E*Trade's direct-to-consumer and digital capabilities to complement its full-service, advisory-focused brokerage.
    “E*Trade represents an extraordinary growth opportunity for our wealth-management business and a leap forward in our...
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  • Morgan Stanley to buy online-brokerage giant E-Trade for $13 billion

    Morgan Stanley to buy online-brokerage giant E-Trade for $13 billion

    1 month ago - By Business Insider

    Morgan Stanley agreed on Thursday to acquire the online brokerage E-Trade for $13 billion in an all-stock transaction.
    The takeover will help Morgan Stanley offer self-service and workplace services to clients, the company said in a statement.
    The $360 billion of client assets currently held by E-Trade will be added to Morgan Stanley's existing $2.7 trillion.
    The acquisition comes after E-Trade slashed commissions to zero last year, in a move that followed Charles Schwab.
    E-Trade's stock skyrocketed 24% in premarket trading before being halted. Morgan Stanley slipped more than 4%.
    Visit...
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  • Morgan Stanley buys E*Trade in $13 billion shakeup to brokerage market

    1 month ago - By Washington Post


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  • What's moving the market right now: Dow futures off 43 points, Morgan Stanley to buy E-Trade

    1 month ago - By CNBC

    A discussion of all that's moving the market today including the coronavirus, Morgan Stanley buying e-Trade and more.
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  • Morgan Stanley buying E-Trade for about $13 billion

    1 month ago - By Chron

    NEW YORK - Morgan Stanley is buying online brokerage E-Trade for about $13 billion.
    Discount brokers like E-Trade have engaged in a vicious fight for customers since late last year, when Charles Schwab Corp. announced that it would eliminate the fees it charges customers for trades.
    Weeks later, Charles Schwab and TD Ameritrade Holding Corp. said they would merge, creating a colossus of a rival for E-Trade.
    In the all-stock deal announced Thursday, E-Trade shareholders will receive 1.0432 Morgan Stanley shares for each share they own.
    E-Trade Financial Corp. has over 5.2 million client...
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  • Morgan Stanley to Buy E-Trade for $13 Billion

    1 month ago - By NY Times

    The move will give one of Wall Street's powerful blue-chip firms control of a major presence in the world of online brokerages.
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