Morgan Stanley 'Got Lucky' on E*Trade Deal: Analyst Mayo

The video discusses the shift from trading revenue to wealth management, highlighting Morgan Stanley's acquisition of E*TRADE. It compares capital market trends in Q3 and Q4, noting the benefits for firms like Goldman Sachs and JP Morgan. The surprising retail engagement with E*TRADE is emphasized, and James Gorman's strategic decisions are praised. The acquisition of E*TRADE is reevaluated positively, with increased estimates and price targets.

What were the capital markets levels in the fourth quarter compared to the third quarter?

What factors contributed to the benefits for Goldman Sachs and JP Morgan in the fourth quarter?

What was the surprising aspect of Morgan Stanley's acquisition of Etrade?

How did the retail engagement change after the acquisition of Etrade?

What was the initial perception of the Etrade acquisition, and how has it changed?