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E-Trade logo from February 3, 2008 to December 31, 2021. In 1982, physicist William A. Porter and Bernard A. Newcomb founded TradePlus in Palo Alto, California, with $15,000 in capital. In 1983, it launched its first trade via a Compuserve network. In 1992, Porter and Newcomb founded E-Trade and made electronic trading available to individual ...
Morgan Stanley's (MS) recently-announced acquisition with E*TRADE Financial (ETFC) reflects the companies' strategic efforts for business expansion, unlocking growth opportunities.
Morgan Stanley is a financial services corporation that, through its affiliates and subsidiaries, advises, and originates, trades, manages, and distributes capital for institutions, governments, and individuals. The company operates in three business segments: Institutional Securities, Wealth Management, and Investment Management.
Morgan Stanley said Thursday that it's buying online trading pioneer E*Trade Financial -- paying $13 billion in an all-stock deal. That's a hefty 31% premium over E*Trade's closing price Wednesday.
Morgan Stanley Dean Witter still had a large presence at the World Trade Center during the September 11 attacks on September 11, 2001. [ citation needed ] Dean Witter was the first big brokerage company to get into the online trading business when it bought a small San Francisco-based outfit called Lombard Brokerage in 1996.
Morgan Stanley (MS) closes acquisition of E*TRADE Financial in an all-stock deal worth $13 billion, with the central bank's nod. Morgan Stanley (MS) closes acquisition of E*TRADE Financial in an ...
The smartest insight and analysis, from all perspectives, rounded up from around the web:You don't need millions in the bank to become a client at Morgan Stanley anymore, said Greg Iacurci at CNBC ...
The company was founded on January 6, 1914, when Charles E. Merrill opened Charles E. Merrill & Co. for business at 7 Wall Street in New York City. [11] A few months later, Merrill's friend, Edmund C. Lynch, joined him, and in 1915 the name was officially changed to Merrill, Lynch & Co. [12] At that time, the firm's name included a comma between Merrill and Lynch, which was dropped in 1938. [13]