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Wall Street giant Morgan Stanley announced an agreement to pay $13 billion to acquire the online brokerage E-Trade.

Startups Weekly: What the E-Trade deal says about Robinhood – TechCrunch How well do Robinhood's financials stack up against incumbent online brokerages? While we wait for the seven-year-old company's long-planned IPO, Alex Wilhelm examined Morgan Stanley's big $13 billion purchase of E-Trade for fresh data comparison points.