J.P. Morgan (JPM) - Get Report, for the second time in a week, is running wild on a published report that the financial services company may be acquired. The stock, which was delayed at the open due to an order imbalance, was lately up $9.38 to $169.19, a 5.7% gain.
The German weekly
was in talks to purchase the U.S. investment bank, although several reports of a combination between the two companies has been met with a 'no comment' by the firms involved.
Last week, J.P. Morgan went running on rumors of a potential purchase by a European buyer, or U.S. firms
Investors have been eager to ride J.P. Morgan rumors. Of the financial services names, that stock has been the most actively talked up in rumor chatter since the acquisition announcements of
July and the more recent
Donaldson Lufkin & Jenrette
Credit Suisse First Boston
Officials at Deutsche Bank and J.P. Morgan were unavailable for comment.