Stories about an imminent acquisition of Fleet Financial Group were burning up the news wires on Friday. But analysts who dined with top Fleet executives Thursday night weren't buying any of them.

During an informal dinner sponsored by Fleet, one participant asked chief executive Terrence Murray directly whether a sale was in the works, rattling off a half-dozen potential acquirers.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.