Jamie Dimon is hunting a $20 billion takeover — buy JPMorgan before the deal drops
JPMorgan's CEO Jamie Dimon just said the bank is actively looking to make a huge acquisition — possibly up to $20 billion. That would be one of the biggest deals in the bank's history.
Idea
When the biggest bank in America publicly says it's hunting for a $20 billion acquisition, investors take notice. A deal of that size would signal that JPMorgan sees strong growth ahead and has the confidence to deploy massive capital. Even before a target is announced, the stock tends to climb as investors anticipate the strategic value. The broader financial sector also tends to get a lift, because a major acquisition often triggers a wave of copycat deals across the industry. With Goldman also raising its S&P 500 forecast today on earnings optimism, the environment for big bank stocks looks supportive.