J.P. Morgan Chase & Co. found itself in just the right place at the right time not once, but twice, when it acquired Bear Stearns Cos. and Washington Mutual Inc. J.P. Morgan picked up the two struggling financial firms on the cheap, at the request of the government, and used the deals to vault itself to the top of the banking world. But it would be a mistake to chalk it all up to just luck.
Underlying the deals is a strong deal team with remarkable industry as well as merger and integration acumen, all spearheaded by the leading light of the industry: Jamie Dimon. In this video Rochdale Securities LLC analyst Richard Bove and Burnham Financial Services fund portfolio manager Anton Schutz discuss the deals that helped
J.P. Morgan win the Most Admired Corporate Dealmaker award in the financial services category. For more on the award winners, see "
Cool heads, clear strategies."
- Vipal Monga