S&P assigns ‘BBB+’ issuer credit rating to E*TRADE Financial
The outlook on the new intermediate holding company and E*TRADE Bank is stable, in line with S&P’s outlook on Morgan Stanley.
The outlook on the new intermediate holding company and E*TRADE Bank is stable, in line with S&P’s outlook on Morgan Stanley.
The all-stock transaction valued E*Trade at the time of the deal at $11.06 billion.
E*Trade facilitated its highest derivative volume day of all time in September, achieving a record 433,000 derivative DARTs on September 4.
The all-share transaction will see E*Trade shareholders receive 1.0432 shares of Morgan Stanley common stock for each ETFC share.
Arlington, Virginia based online trading and banking firm E*Trade Financial Corporation has set the wheels in motion toward the planned […]