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EUR 184.78 For Business Accounts Only

Morgan Stanley: Morgan Stanley’s agreement to acquire E*TRADE is credit positive for both firms

Morgan Stanley intends to acquire E*TRADE and fold it into its wealth management business, tilting its business mix towards a lower-risk source of profitability.
Underlyings
E*TRADE Financial Corporation

E*TRADE Financial is a financial services company that provides brokerage and related products and services. The company also provides investor-focused banking products, primarily sweep deposits, to investors. The company's primary brokerage business is organized into four product areas: Trading, Investing, Corporate Services, and Advisor Services. Additionally, the company provides banking and cash management capabilities, including deposit accounts insured by the Federal Deposit Insurance Corporation, which are fully integrated into customer brokerage accounts. Among other features, checking account customers have access to debit cards with ATM fee refunds, online and mobile bill pay, and mobile check deposits.

Morgan Stanley

Morgan Stanley is a financial holding company. Through its subsidiaries and affiliates, the company advises, and originates, trades, manages and distributes capital for, governments, institutions and individuals. The company's segments are: Institutional Securities, which provides investment banking, sales and trading, lending and other services; Wealth Management, which provides brokerage and investment advisory services, financial and wealth planning services, stock plan administration services, annuity and insurance products, residential real estate loans and other lending products, banking, and retirement plan services; and Investment Management, which provides investment strategies and products.

Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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