First Washington Mutual, now Wells Fargo, and even talk (we're told) of Merrill Lynch. Everyone, it seems, wants to know who JP Morgan Chase is taking to the proverbial prom.A source had suggested Wells Fargo to me privately, but seeing it mentioned in another news report gives me an excuse to bring it up as water-cooler fodder. HW reported earlier on rumors that JPMorgan may have an interest in Washington Mutual, the nation's largest thrift. At this point, I think the question is no longer who JPMorgan is thinking about taking to the prom -- it's who isn't on that short list. Disclosure: At the time this post was published, the author held various put option contracts on WM; no positions in other companies mentioned.
Rumor Mill: JPMorgan Interested in Wells, Merrill?
Per MarketWatch, the rumor mill is bandying about both Wells Fargo and Merrill Lynch as potential purchase targets for JP Morgan Chase: