4:08am ET
Investing
JP Morgan Cries “Uncle” (JPM)(BSC)
Samson has been shorn of his locks and blinded. JP Morgan (NYSE: JPM), it appears, will raise its bid for Bear Stearns (NYSE: BSC) from $2 a share to $10. It is…
Douglas A. McIntyre JPM Coverage Page 150
Douglas A. McIntyre 2:48am ET
Media
Media Digest 3/24/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to The New York Times, JP Morgan (JPM) is in talks to raise it bid for Bear Stearns (BSC) from $2 to $10. Reuters writes that analysts now see a steep…
9:11am ET
Investing
Big Mergers For A Recession Economy, Do Firms Like Ford, Citigroup, and Sears Go Away?
"The current financial crisis is the most serious since the second world war, and perhaps since the Great Depression."–The London Observer, March 23, 2008 Many investors find it hard to believe that…
10:05am ET
Banking, finance, and taxes
How Much Higher Will Bear Stearns Ultimately Fetch? (BSC, JPM)
The last 5 to 10 trading days have been dominated by Bear Stearns (NYSE: BSC). Whether it was over the counterparties ceasing to accept their credit, whether it was the CEO publicly…
Douglas A. McIntyre 4:42am ET
Investing
The Mad Hatters Take Over The Bear Stearns (BSC) Buy-Out
It was the cleanest theft since the Great Brink’s Robbery in 1950. The Fed and JP Morgan (JPM) got the Bear Stearns (BSC) management is a room over the weekend and beat…
2:36pm ET
Banking, finance, and taxes
Visa IPO: Traders Use Member Banks & Owners As Back Door Plays (V, AXP, MA, DFS, JPM, BAC, NCC, WFC, C, USB)
Tonight we are going to get the highly awaited VISA, Inc. initial public offering. This one has been on the books since November 2007 and we have previously noted that this was…
7:03am ET
Investing
Citigroup (C) Merger Candidates, JP Morgan (JPM)
Citigroup (NYSE:C) will probably looking be looking for merger partners now that its stock is down to under $19 from a 52-week high of $55.55. The first choice would probably be JP…
5:50am ET
Banking, finance, and taxes
Citigroup (C) And Lehman (LEH) Will Disappear
The story is the same every decade or so. Bad economic times cause well-known businesses to fail. They are bought out and merged, and they simply cease to exist as the public…
11:18am ET
Banking, finance, and taxes
Will Billionaire Joe Lewis Be Wiped Out By Bear Stearns (BSC) Collapse?
Billionaire Joe Lewis invested in Bear Stearns (NYSE BSC), buying as much as 10% of the brokerage firm. Now, he may be out over $1 billion. On Sunday, the Times wrote that…
Douglas A. McIntyre 8:16am ET
Banking, finance, and taxes
Sovereign Funds Run And Hide (C)(JPM)(BSC)(MER)(LEH)(WM)
Just a few months ago, sovereign funds could not get enough stock and debt in financial firms like Citigroup (NYSE: C) and Merrill Lynch (NYSE: MER). When the time came to bail-out…
2:42am ET
Media
Media Digest 3/18/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the Fed is opening up its own balance sheet to poisonous securities it may get from banks in exchange for cash. Reuters writes that JP Morgan (JPM) bought Bear…
7:57pm ET
Investing
Asia Opens To A Terrible Beating, Some Shares Off Over 4% Early
The news that Bear Stearns (NYSE: BSC) was sold to JP Morgan (NYSE: JPM) and that the Fed would increase liquidity for primary dealers was too much for the Japanese market to…
Douglas A. McIntyre 7:29pm ET
Banking, finance, and taxes
Federal Reserve Acts To Avert A Panic
The Federal Reserve Board unanimously approved a request by the Federal Reserve Bank of New York to decrease the primary credit rate from 3-1/2 percent to 3-1/4 percent. The Fed also authorized…
Douglas A. McIntyre 7:23pm ET
Banking, finance, and taxes
Bear Stearns (BSC) Wiped Out, JP Morgan (JPM) Takes Over
Most on Wall St. thought it would come to this, but few thought the price would be so low. JP Morgan (NYSE: JPM) will take over Bear Stearns (NYSE: BSC) for $2…
4:53pm ET
Banking, finance, and taxes
Bear Stearns (BSC) Will Probably Disappear Into JP Morgan (JPM)
According to The Wall Street Journal, JP Morgan (NYSE: JPM) is close to buying Bear Stearns (NYSE: BSC), just days after providing financial aid, which was backed by the Fed, to the…
Douglas A. McIntyre