J.P. Morgan Securities analyst Catherine Murray initiated coverage of Banc One Corp. with a "market performer" rating and started off NationsBank Corp. with a "buy" recommendation.

She favored NationsBank because of its soon to be completed balance sheet restructuring and its low stock price, which already reflects the possibility if dilution from any acquisition the southern banking giant might do.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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