Market Overview

Mike Pizzi

  • ETFC, Fidelity, James Gorman, M&A, Mike Pizzi, MS

    Morgan Stanley To Buy E*Trade For $13B

    Thursday, February 20, 2020 - 8:59am

    Morgan Stanley (NYSE: MS) is buying E*Trade Financial Corp. (NASDAQ: ETFC) in an all-stock $13 billion deal with the aim to reshape the investment bank. E*Trade will bring 5 million retail customers and $360 billion in assets and an online bank with cheap deposits that Morgan Stanley can funnel...