Morgan Stanley to buy E*TRADE for $13B

©REUTERS
  • Acquirer: Morgan Stanley (MS)
  • Target: E*TRADE Financial Corporation (ET)
  • Industry: Investment Banks, Brokers & Capital Markets
  • Estimated value: $13B
  • Financing: All-stock
  • Announcement Date: 20/02/2020
  • Acquirer Advisors: Morgan Stanley
  • Target Advisors: J.P. Morgan
©Morgan Stanley
  • Founded in: 1931
  • Headquartered in: New York, United States
  • CEO: James P. Gorman
  • Number of Employees: 60,431
  • Market Cap: $79.7B
  • EV: $198.6B
  • LTM Revenue: $43.8B
  • LTM EBITDA: $14.9B
  • EV/ LTM Revenue: 4.53x
  • EV/ LTM EBITDA: 13.33x
  • Institutional Securities
  • Wealth Management
  • Investment Management
©E*TRADE Financial Corporation
  • Founded in: 1982
  • Headquartered in: Arlington, Virginia, United States
  • CEO: Michael A. Pizzi
  • Number of Employees: 4,000
  • Market Cap: $11.55B
  • EV: $13.23B
  • LTM Revenue: $2.9B
  • LTM EBITDA: $1.2B
  • EV/ LTM Revenue: 4.56x
  • EV/ LTM EBITDA: 11.03x
  • Trading
  • Investing
  • Banking and Cash Management

--

--

--

Weekly updates on world’s biggest and most interesting M&A deals.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Looking back, and ahead, at the global VC landscape

Recognise Bank raises £8.7m in new capital

Microsoft And Metaverse — What Are Microsoft’s Points Of View about Metaverse?

A Great Time to Buy a Biz jet

Àníké Oñpònmó Uncovered

Modeling SaaS with Causal — Answering key Operating Questions

10 Female-Founded Companies We’re Crushing On

HyperX, World’s First Sustainability Hackcelerator, to Launch This Weekend

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
M&A Hub

M&A Hub

Weekly updates on world’s biggest and most interesting M&A deals.

More from Medium

How will the stock market perform when interest rate rises?

Earnings Season: The Best Part of Investing

Everything You Should Know About Rate Hikes in 2022

The Investment Series: Financial Markets