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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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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 in all-stock deal worth $13 billion

Morgan Stanley to buy E*Trade in all-stock deal worth $13 billion

1 month ago   |   By New York Post

Morgan Stanley announced plans Thursday to buy discount brokerage E*Trade for about $13 billion in a deal that will boost the investment bank's wealth management business.
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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 buying E-Trade for about $13 billion

1 month ago   |   By NBC News

In the all-stock deal announced Thursday, E-Trade shareholders will receive 1.0432 Morgan Stanley shares for each share they own.
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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%.
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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.
Read more ...

 

Morgan Stanley to buy E-Trade for $13 billion

1 month ago   |   By ABC

In the all-stock deal announced Thursday, E*Trade shareholders will receive 1.0432 Morgan Stanley shares for each share they own.
Read more ...

 

Morgan Stanley to buy E-Trade for $13 billion

1 month ago   |   By ABC

In the all-stock deal announced Thursday, E*Trade shareholders will receive 1.0432 Morgan Stanley shares for each share they own.
Read more ...

 

Morgan Stanley to buy E-Trade for $13 billion

1 month ago   |   By ABC

In the all-stock deal announced Thursday, E*Trade shareholders will receive 1.0432 Morgan Stanley shares for each share they own.
Read more ...

 

Morgan Stanley buying E*Trade for about $13 billion

1 month ago   |   By Star Tribune

Morgan Stanley is buying online brokerage ETrade for about $13 billion.
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