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J.P. Morgan Chase to acquire BankOne

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The deal would combine two of the nation's largest financial institutions, the Wall Street Journal online reported, citing a person familiar with the matter. J.P. Morgan is the No. 2 bank, and Bank One the No. 6. bank.

Shares of Bank One (ONE: Research, Estimates) rose 14 percent in after-hours trading, while J.P. Morgan (JPM: Research, Estimates) shares slipped 3 percent.

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Scott Hanselman

Posts: 1031
Nickname: glucopilot
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Scott Hanselman is the Chief Architect at Corillian Corporation and the Microsoft RD for Oregon.
J.P. Morgan Chase to acquire BankOne Posted: Jan 14, 2004 3:32 PM
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This post originated from an RSS feed registered with .NET Buzz by Scott Hanselman.
Original Post: J.P. Morgan Chase to acquire BankOne
Feed Title: Scott Hanselman's ComputerZen.com
Feed URL: http://radio-weblogs.com/0106747/rss.xml
Feed Description: Scott Hanselman's ComputerZen.com is a .NET/WebServices/XML Weblog. I offer details of obscurities (internals of ASP.NET, WebServices, XML, etc) and best practices from real world scenarios.
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J.P. Morgan to buy Bank One
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The deal could be worth $60 billion, the Wall Street Journal reports.

NEW YORK (CNN/Money) - J.P. Morgan Chase & Co. has agreed to acquire Bank One Corp. for an estimated $60 billion, according to a published report Wednesday.
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