E-Trade
USA
North America
PO Box 484 Jersey City, New Jersey 07303-048
Owners
E-Trade is online the broker.
History
2020: Morgan Stanley purchased E*Trade for $13 billion
Morgan Stanley announced purchase of E*Trade finance corporation for $13 billion that became large deal for the American investment bank since the world financial crisis. It became known on February 20, 2020.
As reported, thanks to this transaction Morgan Stanley becomes the world leader in the field of management of client assets. The online broker has E*Trade for February, 2020 more than 5.2 million clients whose assets are estimated at $360 billion. At the disposal of Morgan Stanley there was already a customer base on 3 million people with assets of $2.7 trillion with which 15.5 thousand consultants work. Thus, as a result of merge in the market the broker from 8.2 million clients, the asset manager for $3.1 trillion will appear.
Right after the declaration of the transaction of a stock of E*Trade increased in price more than 26%. The quotations of Morgan Stanley at first sank for 4%, but then began to grow gradually[1].
Notes
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