One of the harsher comments about banking's merger mania comes from M.R. Beale & Co. analysts Linda Stromberg and Jarius DeWalt. "We feel the buyer's intent doesn't really matter," they wrote in a recent report. "Reasons for making an acquisition can always be amply demonstrated later, and no cliche will be knowingly spared."

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.