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U.S. Bank M&A May Pick Up as Banks Exit TARP

Jun 01, 2009 - 12:47 PM EDT

Research Recap submits:

CreditSights reviews the prospects for consolidation in the US banking industry in a new report. ‘There is an obvious acquisition advantage goes for those banks which no longer have TARP funding,” CreditSights says.Top candidates to be acquirers include JPMorgan Chase (JPM), U.S. Bancorp (USB), and BB&T (BBT). “As well, we have included Morgan Stanley (MS) and Goldman Sachs (GS) as potential acquirers, although we feel the strategic case for the investment banks to enter branch banking is less compelling.”

CreditSights also includes four Canadian banks-Royal Bank of Canada, Toronto Dominion (TD), Bank of Montreal/Harris, and Bank of Nova Scotia- as potential buyers in the U.S.

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Source: Seeking Alpha (Jun 01, 2009 - 12:47 PM EDT)