News for hackers. Stuff that matters.

A comment on Morgan Stanley to Buy E-Trade for $13B. Parent comment

Re:Morgan Stanley to Buy E-Trade for $13B by rwc on Thursday February 20, 2020 @08:58AM (#22375073)
Correct. They bought the business and future cash flows but the AUM are not included in the valuation beyond the extent to their contribution to cash flow.
[ Parent | on HN ]
Re:Morgan Stanley to Buy E-Trade for $13B by OJFord on Thursday February 20, 2020 @01:52PM (#22377536)
Sorry, I'm still confused, you're saying the $360B 'assets' figure is assets under management? Seems an odd way of describing it, so I didn't even think of it at first, but I can't see how else 'assets' would be so much larger than the valuation.
[ Parent | on HN ]
Re:Morgan Stanley to Buy E-Trade for $13B by icedchai on Thursday February 20, 2020 @03:23PM (#22378236)
Yes. Every article I've seen mentions "retail client assets" for the $360B.
[ Parent | on HN ]