Just six days after Morgan Stanley closed on its all-stock E-Trade acquisition, the Wall Street bank said this week that it will buy asset manager Eaton Vance in a deal valued at $7 billion.
Rebecca Ungarino took a look at why Morgan Stanley’s bid for the storied asset manager gives it a leg up on rivals and signals more deals to come across the industry. She and Bradley Saacks also mapped out 4 asset-management firms that could be the next target as consolidation pressures mount and other banks likewise look for steady businesses to counterbalance more volatile activities like trading.
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