Who Owns E*TRADE?

What does Morgan Stanley own?
Morgan Stanley owns a portfolio of financial services businesses including investment banking (M&A advisory, underwriting, trading), wealth management (brokerage, financial planning), and investment management (asset management). The company's major brands include Morgan Stanley (primary institutional and wealth management), E*TRADE (digital retail brokerage, acquired in 2020), and Eaton Vance (investment management, acquired in 2021). The firm manages approximately $8.2 trillion in total client assets.

Is Morgan Stanley publicly traded?
Yes, Morgan Stanley is publicly traded on the New York Stock Exchange under the ticker symbol MS. The company has a broad institutional and retail shareholder base with no single controlling shareholder. Major institutional shareholders include Vanguard Group, BlackRock, and State Street. The company is a constituent of the S&P 500 index.

Who founded Morgan Stanley?
Morgan Stanley was founded on September 16, 1935, by Henry S. Morgan and Harold Stanley in New York City. The firm was established following the Glass-Steagall Act of 1933, which required commercial banks to separate their investment banking operations. Henry S. Morgan was the grandson of J.P. Morgan, and the new firm continued the securities business that had been conducted within J.P. Morgan & Co.

Where is Morgan Stanley headquartered?
Morgan Stanley is headquartered at 1585 Broadway in Midtown Manhattan, New York City, New York, USA. The company maintains major offices in London, Tokyo, Hong Kong, and other global financial centers to serve its international client base across more than 40 countries.

What is Morgan Stanley's revenue?
Morgan Stanley reported FY2025 net revenues of $69.9 billion, up 13% from $61.8 billion in FY2024. Net income was $14.3 billion, with diluted EPS of $8.05 and ROTCE of 18.8%. For Q2 2026, net revenues were $18.0 billion, up 18% year over year, with net income of $3.8 billion and diluted EPS of $2.14.

Who is Morgan Stanley's CEO?
Ted Pick has served as CEO of Morgan Stanley since January 2024, succeeding James Gorman who became Executive Chairman. Pick previously served as Co-President and head of the Institutional Securities division. Under his leadership, the firm has reported record revenues in both FY2024 and FY2025, with Q2 2026 ROTCE of 20.3% exceeding the firm's medium-term target.

Is Morgan Stanley different from Goldman Sachs?
Yes, Morgan Stanley and Goldman Sachs are both leading investment banks but have different business models. Morgan Stanley has a larger wealth management business with approximately $8.2 trillion in total client assets, providing more stable, fee-based revenue compared to Goldman Sachs' more trading-intensive business mix. This difference in business composition has historically resulted in Morgan Stanley trading at higher valuation multiples relative to earnings.