NEW YORK ( TheStreet) -- The financial services industry could on the precipice of merger mania with a number of deals ready for launch, according to Dow Jones Investment Banker.

The publication has come up with several deal predictions in the financial industry for 2011.

One of the most likely candidates= is the merger of E*Trade ( ETFC - Get Report) and rival TD Ameritrade ( AMTD - Get Report), according to Michael White, a senior columnist at Dow Jones Investment Banker.

White predicts that a deal could happen in the second half in this year and believes E*Trade's mortgage restructuring has gotten to a "digestible" point.

"For TD Ameritrade, the cost savings of any deal would make it too good to pass up," White said. "TD Ameritrade could pay $22 per share and have it be accretive. Any deal would likely be a stock for stock deal." In addition Citadel, the U.S. hedge fund that owns 28 percent of E*Trade, would be able to maximize its returns.

Separately, the report suggests that BBVA ( BBVA) could sell its U.S. operations to JPMorgan Chase ( JPM - Get Report), BB&T ( BBT - Get Report) or Capital One ( COF - Get Report) this year.

White believes it is possible that if economic conditions worsen in Spain, BBVA may be forced to raise capital by divesting assets. "To the extent that there is deterioration and BBVA needs to raise capital, a sale of its U.S. assets would be an efficient and quick way to do so," said White.

White added that BBVA could raise between $3 billion to $6 billion in a sale, with most of the assets based in the Southwestern U.S.

White added that JPMorgan or BB&T -- which have both been looking to expand in the Texas market -- would be the most likely acquirers. Another potential bidder for the branches could be Capital One, which also may be looking for banks to acquire, White added.

--Written by Maria Woehr in New York.

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