Investors hunting for a merger candidate Friday turned their attention back to Wells Fargo & Co. after another California institution, Bay View Capital Corp., nixed rumors that it is about to sell.

Shares of Wells Fargo spiked $10.75, to $363.25. Much of the rise came around 12:30 p.m., moments after Bay View, a San Mateo-based thrift company, quashed speculation that it was negotiating to sell to Washington Mutual Inc., Seattle.

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.