JPMBSPNC? Stearns Morgan Mutual? Bearpont Morgan Banc?

Posted by Bess Levin, Jun 26, 2008, 9:30am

Despite having just changed the name on the front door of 383 Madison to reflect the newly formed JPMorgan Cayne, Jamie Dimon is said to be itching for one more big buy, having not yet conquered his substance abuse problem. Supposedly of interest to the JPM CEO are Washington Mutual and SunTrust and, to a lesser extent, PNC Bank, Wachovia, and US Bancorp, for reasons that include concern about future access to the Fed's discount window and a kinky desire to have virtually no white space left on his business card. The Post said it was unclear if there've been any "formal discussions" regarding an acquisition, or merely "casual CEO-level dialogues," along the lines of "Hey, what if we bought you?" "Hah, that'd be funny" "Yeah, it would" "Yeah...you wanna go bowling?" "Yeah, two shakes."


Earlier: Bearpont Morgovia?


Call It JPMor-Gan [NYP]

2Recommend this! 12Comments

Tags: Bear Stearns, Jamie Dimon, JP Morgan Chase

Comments

Posted by guest, Jun 26, 2008 9:51AM

I heard Jamiekulis Dimonokopita also wants to buy XOM and MSFT.

Why not? It's about as likely as WB, USB, and STI.

Posted by guest, Jun 26, 2008 10:30AM

its not in the name its whats in the jar and mayo its whats for dinner! Gary "the basil" Tugs

Posted by guest, Jun 26, 2008 10:38AM

Read between the lines. JPM is being told to buy WB and WM, GS told to buy C, USB told to buy LEH. The rest is red herring...

Posted by guest, Jun 26, 2008 11:20AM

JPM needs to merge with GS or UBS in order to survive.

Posted by Suits, Jun 26, 2008 11:38AM

USB had enough fun with banking while they owned PJC, management has no interest in LEH. I don't know why anyone would buy them at still close the 3x tbv.

Posted by guest, Jun 26, 2008 11:40AM

Banks suck!

Posted by guest, Jun 26, 2008 12:17PM

1120 LOL

Posted by blndebnker, Jun 26, 2008 12:22PM

@11:20 - Are you being serious?

Posted by guest, Jun 26, 2008 1:51PM

I can has bank merger?

Posted by guest, Jun 26, 2008 2:06PM

If we were to personify GS and JPM who do you think would give better BJ's?

Posted by guest, Jun 26, 2008 2:50PM

If we were to personify GS and JPM who do you think would give better BJ's?

GS would, because you'd be left with a soft, crippled dick. However with JPM, they'd just acquire the dick mid-performance and you'd be left with nothing but a few pubes integrated with their pubes.

Posted by guest, Jun 26, 2008 4:11PM

Certainly below the radar of the big guns, but how about a consolidation of the second tier groups, i.e. Cowen, Weisel, Piper? One look at where they're trading woudl indicate they should stop fighting each other and just merge.

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