Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
E*TRADE Financial
Global investment

Large holding company Morgan Stanley bought E*TRADE Financial Corp for $13 billion

12.11.2020
2 min read

E*TRADE Financial Corp and Morgan Stanley: transaction details

Bank holding company Morgan Stanley announced its largest deal since the global crisis in 2008. It bought financial company E*TRADE Financial Corp for $13 billion. The purpose of the acquisition was to expand operations and provide a wider range of services to clients.
E*TRADE has been on the market for 30 years. During this time, the company has become one of the leading. The sphere of activity is provision of investment solutions, operations on stock exchanges and trading. For Morgan Stanley this transaction is a profitable investment in the future, thanks to which the bank can strengthen its position in the financial market. While previously the holding specialized exclusively in large customers with large capital, thanks to the merger with E*TRADE it will be able to cooperate with the average users of services. The financial company’s client base includes about 5.2 million people, who cumulatively own more than 360 billion dollars, including online banking assets. At the same time, Morgan Stanley is managed by about $2.7 trillion, owned by 3 million wealthy customers. They are serviced by about 15.5 thousand consultants.

E TRADE Financial

Buying E*TRADE is part of the strategy to attract users who do not have a lot of capital and do not need careful maintenance. An online consultant has already been launched for such an audience, and with the new features Morgan Stanley will be able to provide the necessary advice to even more people.
The American brokerage market is actively developing, which leads to the appearance of new participants and tougher competition. This is especially noticeable after the release of various startups, which implement technological solutions for financial services. A bright representative of such market players is the company Robinhood Markets. It provides customers with convenient mobile options for trading in the market, which are cheaper than the solutions offered by large companies. This situation has led to the fact that the famous online broker Charles Schwab canceled the charge of commission when trading shares and stock funds in the U.S. and Canada. After that, the value of securities of many brokerage companies has subsided, and they had to follow the example of Charles Schwab.
These actions have caused indignation among market participants. The CEO of Morgan Stanley said that zero commissions are a blow that not every player can survive. Therefore, Morgan Stanley is forced to take tough measures against Charles Schwab to prevent the continuation of destructive policies.
It is likely that the merger with E*TRADE Financial is one of the steps to crowd out the startup.

Tags: Global investment
0
Previous Post Closing of the New York Stock Exchange: What will happen to trading operations? Next Post What GDP growth Russia showed in 2019: overview of the Ministry of Economic Development data

You Might Also Like

Bolt Financial
Global investment
Fintech company Bolt Financial made the largest deal in the market
29.07.2022
energy sector
Global investment
PTT Exploration and Production of Thailand invests in Myanmar’s energy sector
28.09.2021
investment in nuclear power
Global investment
European Parliament brings nuclear energy investments into the green technology sector
23.09.2022
Solvery
Global investment
Startup Solvery received investments from Yandex commercial director
21.05.2021
solar power plant-2
Global investment
The largest solar power plant will soon appear in the UAE
18.10.2021
Chip maker Broadcom
Global investment
Chip maker Broadcom buys VMware for $61 billion
22.08.2022

Recent Posts

  • 1Erik Penser
    Erik Penser: the ups and downs of the Swedish businessman
    30.03.2023
  • 2Royal Dutch Shell logo
    Royal Dutch Shell: the history of the British-Dutch company
    29.03.2023
  • 3discount window features
    Discount window: peculiarities of lending from the Federal Reserve System
    28.03.2023
  • 4LG Energy Solution
    LG Energy Solution invests in battery production expansion
    27.03.2023
  • 5troubled crypto exchanges-2
    SEC to closely monitor troubled crypto exchanges
    26.03.2023

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Rise in gold prices: reasons for increased interest in the metal

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Latest Posts

Erik Penser
Erik Penser: the ups and downs of the Swedish businessman
30.03.2023
Royal Dutch Shell logo
Royal Dutch Shell: the history of the British-Dutch company
29.03.2023
discount window features
Discount window: peculiarities of lending from the Federal Reserve System
28.03.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Rise in gold prices: reasons for increased interest in the metal
  • Will oil cost $100 per barrel: forecast
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics