Published on February 20th, 2020 | by Chuck11
Morgan Stanley To Buy E-Trade in $13B Deal
Morgan Stanley will buy E-Trade brokerage in a $13B deal. The acquisition is expected to close 4th quarter. The move is the latest in consolidation of brokerage firms, after Schwab announced a few months back they’ll be buying TD Ameritrade.
For brokerage bonus hunters, this might mean one less bonus to take advantage of as Morgan Stanley has not offered brokerage bonuses that we’re aware of. It’s quite possible, however, that those bonuses on the E-Trade arm will remain the same, and as of now they are still available.
Hat tip CNBC