Bank of America has a Buy rating and $62 price target for Morgan Stanley. The window for doing deals may not be open for long. Reuters Breakingviews is the world's leading source of agenda-setting financial insight. That the test balloon comes from Morgan Stanley, the banking industry’s weakling during the 2008 crisis and a problem child for years afterward, is a testament to its reinvention under Mr. Gorman. With a price-to-earnings ratio around 9, currently on the low end in its industry and not far from the lowest it's been since 2012, investors may find that now is the time to buy Morgan Stanley. “The time is ripe for shopping around,” said Greg McBride, the chief financial analyst at the personal-finance website Bankrate.com. In my opinion Morgan Stanley is a great value right now. California snowplow driver finds dead bodies on highway shoulder. But at least the price is reasonable. But Solomon also has yet to resolve issues surrounding the bank’s role in Malaysia’s 1MDB corruption scandal, potentially making approval from regulators for a big acquisition more of a hurdle. This segment alone accounted for $6.1 billion in total revenue, or 52% of the company's revenue during the quarter. Let's conquer your financial goals together...faster. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Morgan Stanley has a competing business, which it expanded a year ago by acquiring Solium, a privately held specialist in the space. Talks this time around began in late December, when a two-hour conversation between Messrs. Gorman and Pizzi convinced both men of the deal’s merits. @themotleyfool #stocks $MS $EV $SCHW $GS, Why Eaton Vance Stock Skyrocketed 57% Last Month. Morgan Stanley’s E*Trade deal would add almost that much in one go. -0.40% How And Why Are Online Brokers Offering Commission-Free Trades? ET -1.15%, Wall Street Analysts Love Schwab's Pursuit Of TD Ameritrade. Goldman had examined the possibility of a deal for E-Trade internally and decided against it, said another person. According to Gorman, the E*Trade acquisition "provides more balance to our business model. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. That's why acquiring E*Trade and Eaton Vance was a match made in heaven. See here for a complete list of exchanges and delays. If the latest Wall Street mega-deal doesn’t make you want to switch online brokerage accounts for a lucrative sign-up bonus, maybe it should. In the past 10 months, the company acquired asset management firm Eaton Vance (NYSE:EV) and E*Trade, known for its electronic trading platform, for a total of $20 billion. Morgan Stanley spent big money on acquisitions this year -- first on the purchase E*Trade, which officially closed on Oct. 2 for $13 billion, and then on … Yet building a retail bank takes time. Morgan Stanley investors don't seem to be as impressed with the moves the company has made, judging by its current valuation. Mr. Gorman is proving himself to be one of the savvier corporate deal makers. The New York-based company has lost some business to the retail brokerages in recent years as those firms invested heavily in their web platforms. ‘I told her that, given that she achieved her dream of getting a master’s degree, now it is my turn to fulfill my dream of owning a home.’. All rights reserved. The investment bank is trading around a price to earnings ratio (P/E) of 9 as of Wednesday morning, while competitors like Charles Schwab and Goldman Sachs are trading at 21 and 12 times earnings, respectively. Show full articles without "Continue Reading" button for {0} hours. The average customer acquisition cost: $2,500 apiece. “Moving a balance to a new brokerage can net you a nice reward of $100 or more depending on the size of the account.”, “If you have significant assets — $50,000 or more — consider taking a couple different brokerages for a test drive and you could net yourself two bonuses while you think about it,” he added. I suggested we save for a house, but she left me — and my in-laws told me to be a man, My father wants to deed his kids his home before Prop 19 takes effect.

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