Analysts at American Banker's quarterly roundtable said they expect consolidation in the financial services industry to continue in new and exciting directions, but they expressed concern that buyers may not be doing their homework. Bank stock prices have reached unprecedented heights, they agreed, but they disagreed on whether they are likely to go higher still. The participants were David Berry of Keefe, Bruyette & Woods Inc., Richard X. Bove of Raymond James & Associates, Nancy A. Bush of Ryan, Beck & Co., and Yun Jae Chung of Bessemer Trust Co.

Do you think consolidation will continue at the pace of the first half?

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