Low Price and Overhaul Wins 'Buy' for First Union
American Banker, New York, September 15 (09/15/00) Vol. 110, No. 10 p.20; Rieker, Matthias

Chase's deal with J.P. Morgan is mentioned by one analyst in a piece about how analysts have begun increasing their ratings on First Union's stock thanks to the stock's low price and the company's restructuring efforts. The analyst, ING Barings' Andrew Collins, says some large investment banks could look to acquire First Union as a response to the Chase buy of J.P. Morgan; however, another analyst says First Union should not try to sell itself at this point in its recovery.


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