JPMorgan Still Chasing Deals?

"Given JPMorgan's strong financial position, I don't think that the Bear Stearns deal would impair them from pursuing an opportunity in regional banks that make sense both financially and strategically," says David Honold, a financial services analyst at Turner Investment Partners, a Berwyn, Pa.-based investment manager. "If the right deal comes along at the right price, JPMorgan can handle it." Turner Investment does not own shares of JPMorgan Chase.

Honold adds that JPMorgan Chase, while lacking a presence in certain areas of the country, most notably the southeast, does not have to do a deal.

"All of the uncertainty and dislocation out there creates tremendous opportunity for JPMorgan Chase to grow organically," Honold adds. "They may find that they're taking customers in some markets to such a degree that it would preclude from even making an acquisition."

A JPMorgan Chase spokesman declined to comment regarding future acquisitions on Monday.

Shares of JPMorgan jumped more than 10% to $40.31 on Monday.