Analysts at American Banker's quarterly roundtable on March 26 predicted a surge of consolidation, spurred by year-2000 concerns, that would push bank stocks higher across the board. Barely two weeks later, the buying frenzy in the market was much in evidence amid an unprecedented wave of merger announcements that paired Citicorp and Travelers, NationsBank Corp. and BankAmerica Corp., and Banc One Corp. and First Chicago NBD Corp.

The participants were Sally Pope Davis of Goldman, Sachs & Co., Richard X. Bove of Raymond James & Associates Inc., and David S. Berry of Keefe, Bruyette & Woods Inc.

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