Tue 5/26/2020 20:05 ET
DJIA24995.11542.392.17%TELCO166.222.661.60%GOLD1704.850.680.04%Shanghai2846.5528.751.01%
S&P 5002991.7736.801.23%BANKS335.3526.327.85%OIL34.020.330.97%BITCOIN8835.0972.450.82%
NASDAQ9340.2215.880.17%PHARM599.690.420.07%US/EU1.100.000.00%Futures2989.255.380.18%
Welcome Stranger!  Please sign up or log in to enable additional features.Sign Up | Mail | Log In
Forum - Etrade Financial - ETFC   

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add ETFC
  
From: hokk124 (Rep: 36) reply to blacksheepDate: 02/20/2020 08:38
Forum: Etrade Financial - Msg #4672Thread #674124128 (Rec: 0)
Re: Morgan Stanley buying E*Trade for $13B - WSJ

+++

This is a huge deal and great for ETFC shareholders like myself.



Reply to blacksheep - Msg #2817011 - 02/20/2020 07:39

Morgan Stanley buying E*Trade for $13B - WSJ

The long-rumored sale of E*Trade (NASDAQ:ETFC) to a big Wall Street house is finally at hand, only it's not Goldman Sachs, but Morgan Stanley (NYSE:MS) making the buy.

The deal is set to be announced today, according to the report.

E*Trade will add 5M retail customers, $360B in assets, and an online bank to Morgan Stanley's 15K-strong wealth managers.

Morgan Stanley CEO James Gorman: "We’ll take on Schwab. We’ll take on Fidelity ... This isn’t about legacy-building; it’s about getting [Morgan Stanley] ready for prime time."

ETFC is up 6.2% to $47.71 and currently under trading halt.
What would you like to do? Message: Endorse | Bookmark | Report AbuseUser hokk124: Reward | Watch | IgnoreETFC: Ignore

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add ETFC
  

TheLion.com | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999- TheLion.com, Inc.