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9 pts

Savings Banks
Government seizure

Sep 26, 2008 11:55 AM GMT

Walter Thatcher

Return	Risk
+6.22%	HIGH

Sr. Associate

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The banking assets are going to be sold to JPM. JPM is once again in the catbird's seat. They got Bear Stearn's prime brokerage business and now they'll get WaMu's deposits which will give them a solid footprint in the western United States. I'm adding JPM to my watchlist. I may not buy it for a year, but I'm confident that Jamie Dimon can figure out a way to integrate all these parts.

WM: This call was made on 09/26/08 @ $0.18

Rating:	$0.18 (09/26/08)
Closed:	09/30/2008 @ $0.0 ( n/a) in 4 days)
Target:	$0.01 (-94.44%) in < two weeks

Comments (2)

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Angelina Rose

N/A

1 point commented 410 days ago reply

Nice information was given about WM.

traderdrew

51%

1 point commented 409 days ago reply

calculated risk had some nice links to the JPM presentation for the WM acquisition and I can say as a WM customer I couldnt we happier with the new owner of my deposits

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Washington Mutual Inc (WM)

SocialPicks Sentiment:

This Quarter's Sentiment:

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25.0%

Top:

0.0%

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Walter Thatcher previously rated WM

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Opinion on Washington Mutual Inc (WM) Sector: Financial > Industry: S&Ls/Savings Banks Government seizure

Opinion on Washington Mutual Inc (WM) Sector: Financial > Industry: S&Ls/Savings Banks
Government seizure