In fact, people inside Goldman have long contemplated a merger with U.S. Bancorp, but its market capitalization of $92 billion is roughly the same as … Disclaimer: The above should not be considered trading advice from CCN.com, Bank stocks could see a flurry of M&A action. The latest news coverage on mergers and acquisitions from MarketWatch. The merger is expected to close in the second quarter of 2021. Next Year Could See Even More Deals" ponders, after this past week's announced acquisition of TCF Financial Corp (NASDAQ: TCF), whether bank merger activity has resumed after a long pause. Berseberangan dengan rumor sebelumnya yang mengatakan, Gojek dipinang untuk merger dengan Grab. Jika merger terwujud, demikian dilaporkan Reuters Selasa (5/1/2021), valuasi perusaan baru itu akan sekitar 18 miliar dolar Amerika Serikat atau sekitar Rp 250,2 triliun. The most likely acquirer of the bank would be Fifth Third Bancorp of Cincinnati, at a price of $53, Mr. Hanley told clients through his sales force.. Huntington, like most midsize banks, has always been the subject of merger rumors, but speculation dogs the company more than it has before. On top of that, share price will probably play a role in who’s being hunted as potential acquirers will be looking for a good deal. Privacy Policy / Do Not Sell My Personal Data, Whether all the good news is baked into stocks, How S&P 500 changes have revived the indexing debate, Whether the coming European rebound will be a weak one, How the stars are aligning for emerging market growth stocks, How the options market could get even crazier in 2021, Robinhood's hurdles to its next stage of growth, How to fix America's yawning retirement gap, Whether lawmakers are on the verge of passing new stimulus bill, Stocks benefiting from China's surging economy. The rumors of a Deutsche Bank merger with Commerzbank quickly flared up again, or an alternative version of UBS taking over former German national champion. Many believed it would pave the road for more M&A activity among bank stocks, but so far there’s been little movement on that front. That prediction aligns with what Deloitte forecast at the beginning of 2019. However, new additions include JPMorgan Chase & Co. (NYSE: JPM). If McKinsey’s forecast is anything to go on, now is the time to start evaluating potential takeover targets in the banking sector. Andrew Bary's "Our Top 10 Stocks for the New Year" shows that the Barron's list for 2021 again has a value bent and includes two returning companies and eight new ones, including Goldman Sachs Group Inc (NYSE: GS) and Merck & Co., Inc. (NYSE: MRK). While predicting M&A activity is far from an exact science, there are a few qualities that make some bank stocks look more vulnerable to a sale than others. Among them, Comerica Inc. (NYSE:CMA), Citizen’s Financial Group (NYSE:CFG), Fifth Third Bancorp (NASDAQ:FITB), Regions Financial (NYSE:RF), and KeyCorp (NYSE:KEY) look like prime targets. CIT’s post-merger news market cap was about … Go to the homepage. New Jersey Bank Mergers as of 1/21/2021: Order List by: Bank Acquired, Date Completed download list as spreadsheet: Bank Being Acquired: City: Acquiring Bank: City: Date Completed: Name of Surviving Bank That’s because the FDIC has more rigorous standards for banks with assets over $50 billion, so those who are near or below that level will be hesitant to expose themselves to the regulatory headache and resulting costs of entering the new bracket. Seattle, Washington, United States About Blog Investment Bank is a Middle-market investment bank focused on buy and sell-side mergers and acquisitions for company owners and founders. Next Year Will Bring New Surprises," Ben Levisohn examines the biggest mistake investors may be making: looking at the past decade and extrapolating into the future. All of the latest mergers and acquisitions, posted as they are announced, from The Online Investor. Following NRB guidelines, several commercial banks in Nepal have undergone merger and acquisition. At this late stage in the economic cycle, the firm said, banks must be considering mergers in order to realize cost synergies, free up cash, and invest in the future. Our expert advisors establish an executable plan for healthy company growth and value-added exit from our clients legacy businesses. Sewing moved to nip the speculation in the bud: ««I don’t have any indication of that,» he said in German press, according to «Reuters». Posted-In: Amazon Amazon.com Apple Barron's Boeing ComcastMedia Trading Ideas Best of Benzinga, Thank you for subscribing! Notice of Formation and Mergers of, and Acquisitions by, Bank Holding Companies or Savings and Loan Holding Companies; Change in Bank Control . Reports of a potential merger with either Commerzbank or UBS as fiction. According to McKinsey & Co, bank stocks are in a precarious position. Business turmoil triggered by the pandemic may have paused the flurry of mergers and acquisitions (M&A) that have marked the third party logistics (3PL) sector in recent years, but investors are now looking at 2021 as a year when they can resume pumping new funds into the industry, a panel of speakers said today. Goldman Sachs could be on the hunt for a key acquisition in the banking sector with Wells Fargo, PNC and US Bancorp, speculated to be on the shortlist for a merger deal, according to a Fox Business report.. The announcement of this mega-merger was made by Union Finance Minister Nirmala Sitharaman in 2019. 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