Biz news sez Morgan Stanley is paying $13 billion for E*Trade.Wonder how they are going to treat current E*Trade clients?sunraymancurrent E*Trader
For a long time, the institutional brokerages catered to higher end players, ceding the discount market to lower volume, main street traders and investors. But with the collapse of trade fee revenues, we're seeing a totally expected consolidation as the larger brokerages are missing the revenue and discount brokerages see their lower priced advantage evaporate. FuskieWhose only surprise is that Morgan Stanley got to E*Trade before Fidelity could...-----Ticker Guide: The Walt Disney Company (DIS), Intuit (INTU), Live Nation (LYV), CME Group (CME), MongoDB (MDB), Trip Advisor (TRIP), Vivendi SA (VIVHY), Mimecast (MIME), Hain Celestial (HAIN), Royce Micro Capital Trust (RMT)Disclaimer: This post is non-professional and should not be construed as direct, individual or accurate adviceDisclosure: May own shares of some, many or all of the companies mentioned in this post (tinyurl.com/FuskieDisclosure)Fool Code of Conduct: https://www.fool.com/legal/the-motley-fools-rules.aspx#Condu...Call to Action: If you like this or any other post, Rec it. Better yet, reply to it. Even better, start your own thread. This is YOUR TMF Community!
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