JPMorgan Chase(JPM Quote) seized on opportunity this weekend by agreeing to buy distressed Bear Stearns(BSC Quote), but that doesn't mean the banking titan is done shopping -- particularly in the consumer business.
Market participants and analysts have been wondering for some time when the New York-based bank would be ready to make some deals, particularly in the hard-hit regional bank sector. One of JPMorgan Chase's last significant deals in the retail banking space was its merger with Bank One in July 2004. That deal resulted in the installation of CEO Jamie Dimon, the former head of Bank One and a veteran of Citigroup(C Quote).
"Since they paid less for Bear than what they would for a regional bank, I think they have plenty of firepower left for more deals," Cassandra Toroian, the president and chief investment officer of Bell Rock Capital, writes in an email. ...
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