4 Things the Eaton Vance Acquisition Taught Us About Morgan Stanley

Morgan Stanley's (NYSE: MS) acquisition of Eaton Vance (NYSE: EV) is the bank's second big move of 2020, after it acquired E*Trade earlier in the year. Morgan Stanley has spent $20 billion combined on both deals as it looks to transition from a longtime investment banking powerhouse into a more diversified company with stronger earnings power in any kind of economy. Here are four things the Eaton Vance acquisition taught us about Morgan Stanley.

Image source: Morgan Stanley.

Morgan Stanley is one of the largest investment banks in the world. But it wants to be much more, and with the acquisition of Eaton Vance, you can't say the company is just an investment bank anymore.

Source Fool.com