Can Chase Catch Citigroup With J.P. Morgan Deal?

It's rough seas for most sectors as we near the end of year 2000, and company after company has been tossed overboard. But some industry watchers say Chase Manhattan(CMB Quote), after struggling this year, may be pretty buoyant going forward.

The Chase File

Operations

Business: Retail and investment bank.

1999 Revenue: $33.7 billion

1999 Earnings Per Share: $4.14

2000 Estimated Earnings Growth: - 16%

Stock Snapshot

52-Week Range: $32.4 - $67.2

Percentage Change from Jan. 1: - 12.7%

Market Cap: $55.6 billion

P/E Ratio: 10.6 (trailing)

Shares Outstanding: 1.3 billion

The New York bank's proposed acquisition of J.P. Morgan(JPM Quote) received approval by federal regulators Monday. With antitrust hurdles largely out of the way, the company can focus its efforts on challenging financial services juggernaut Citigroup(C Quote). ...