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J.P. Morgan & Co. opted to focus on commercial banking, which was considered to be more lucrative and more prestigious after the stock market crash soured public opinion about Wall Street. Morgan Stanley was created as a separate investment bank, drawing in capital and talent from J.P. Morgan's operations. Our History ? Morgan Stanley morganstanley.com ? timeline ? era-1 morganstanley.com ? timeline ? era-1
The current Morgan Stanley is the result of the merger of the original Morgan Stanley with Dean Witter Discover & Co. in 1997. Dean Witter's Chairman and CEO, Philip J. Morgan Stanley - Wikipedia Wikipedia ? wiki ? Morgan_Stanley Wikipedia ? wiki ? Morgan_Stanley
Morgan Stanley and Dean Witter merged in 1997, creating America's largest asset management company and securities firm in terms of equity capital. The resulting name, Morgan Stanley, Dean Witter, Discover & Company, was shortened to Morgan Stanley in March 2001.
(''Dean Witter Discover'') and Morgan Stanley Group Inc. (''Morgan Stanley'') and was formed pursuant to a merger of equals that was effected on (the ''Merger''). MSDW was originally incorporated under the laws of the State of Delaware in 1981, and its predecessor companies date back to 1924.
E*TRADE is now E*TRADE from Morgan Stanley. Since our founding in 1935, Morgan Stanley has consistently delivered first-class business in a first-class way. Underpinning all that we do are five core values. E*TRADE from Morgan Stanley morganstanley.com ? wealth-management morganstanley.com ? wealth-management
Purcell was named chairman and chief executive of what became Morgan Stanley, Dean Witter, Discover & Company, later shortened to Morgan Stanley in March 2001. Mack stayed on as president until 2001.
While the naming may indicate that they are similar companies, they are independent entities. J.P Morgan's grandson, Henry Morgan, founded Morgan Stanley in 1935. As such, Morgan Stanley is a standalone investment bank and does not currently have any relations with J.P. Morgan. Morgan Stanley vs JP Morgan - Congrapps congrapps.com ? blog ? morgan-stanley-vs-jp-mo... congrapps.com ? blog ? morgan-stanley-vs-jp-mo...
Following Witter's death in 1969, and the retirement of Guy Witter the following year, Jean Witter's son, William M. Witter, became CEO of Dean Witter & Co.