J.P. Morgan Chase CEO Jamie Dimon is in a position to go bargain hunting while his competitors mainly suffer on the sidelines. Here are four possible acquisitions.
Dimon has already made an attempt to buy WaMu earlier this year, but was outbid by buyout firm TPG, which took a minority stake. Once again, WaMu is a likely target for Dimon, largely because its smaller market cap makes it an easier deal to get done -- and its beaten-down stock price means it would be a bargain. It also has big branch networks on the West Coast and in Florida, where Chase does not.
The reason WaMu's a bargain is that it's a high-risk bet -- it could still face big mortgage writedowns. And WaMu's middle-markets business -- lucrative and low-risk banking services and loans for local, private companies - is small compared to Wachovia's.