Posted by Chuck on February 20, 2020
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Published on February 20th, 2020 | by Chuck

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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



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T
T

Do you think E-Trade brokerages will qualify someone for the Morgan Stanley Platinum now?

Josh
Josh

Following!

debit
debit

Yes. I have made a very powerful recommendation to the board of directors to do this.

Only small glitch, they don’t know wtf i am.

GengisKhan
GengisKhan

If they did know who you are would that make them more or less likely to follow your recommendation?

Frank

TBTF regulation working as expected – smaller “large” players can’t compete with the massive banks due to increased costs, forcing them to sell to the larger players or consolidate, further concentrating the industry and risks

debit
debit

No. It was the zero commission’s. Stop politicizing or expect a flood gate to open.

Too Nashty
Too Nashty

Completely bipartisan comment, both dems and repubs bailed out the banks. But yes Frank you are correct, the little guy can’t get the scale to compete.

tribesman55
tribesman55

This is lame. Glad I got in for an E-Trade promotion bonus before this goes through. Here’s hoping MS keeps the promotions going for their new E-Trade arm?

SamL
SamL

Until it goes through (2020Q4?), ETrade may have an incentive to keep offering bonuses to bring in business, to keep their numbers up. Also, they may keep operating unchanged for a while after merging, as they seem to be somewhat complementary.

Bob Arnold
Bob Arnold

Doubtful, the price is already set.

SamL
SamL

In stone?

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