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"24/7 Wall St.: Weekend Edition: Who Will Bank of America Acquire Next? And Where?"

 Speculation mounts on what Bank of America might do next.

“You could probably go pick two dozen large international banking operations that they could go after, and the list may be too long to note.

They could also be “transformational” in other domestic financial operations outside of banking, but the street is into more of a de-conglomerization attitude these days so that may not be in the works.

They have just recently integrated the large acquisition of MBNA for credit cards, so we’ll have to see what are the next obvious candidates. Bank of America has gotten more into mortgage offerings and has even sent out insurance offerings in the mail to its customers, so that could be the case too.

The company could also go after a money management and asset advisory firm, so long as they are not deemed “deposits” according to federal reserve definitions.”

Source: “24/7 Wall St.: Weekend Edition: Who Will Bank of America Acquire Next? And Where? – Mozilla Firefox”

Having spoken to people there and the efforts to integrate all the prior acquirees (MBNA, NationsBank, TransAmerica, Continental Illinois, Fleet, Bank of Boston), I would not be surprised to see them sit quite for a while yet.  Each of those banks were large in their own right.

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2 thoughts on “"24/7 Wall St.: Weekend Edition: Who Will Bank of America Acquire Next? And Where?"”

  1. How about PNC with its Blackrock investment management piece and the PFPC fund processing unit? I am half kidding, and tend to agree with your assessment (i.e. the could use some time to digest what they have already aquired). I don’t even know how much the Bank of America footprint overlaps the PNC footprint which tends to be a major consideration on the banking side.

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