Is Morgan Stanley a Buy?
Morgan Stanley (NYSE: MS) made a big splash in mid-February when it announced plans to buy E*Trade (NASDAQ: ETFC) for $13 billion. Morgan Stanley got no significant stock bump from the news of the acquisition or a strong fourth quarter as the COVID-19 pandemic hit the broader market hard shortly after the Feb. 20 announcement. In the long run, the E*Trade deal should be good for Morgan Stanley.