Raymond James’s acquisition of Regions Financial’s Morgan Keegan brokerage followed months of waiting after intentions to sell the firm were announced in 2011 and could be the first of many similar deals in 2012.
“I think you’re going to see more deals in 2012 coming through in a similar fashion,” Alois Pirker, research director at Boston-based financial services research firm Aite Group, said Wednesday. “It’s going to be a challenging year still ahead of us. I think the mid-sized firms will be subjects for acquisition. I think the firms that are strong can use the position to expand.”
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access