Citigroup (C) Merger Candidates, JP Morgan (JPM)

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Citigroup (NYSE:C) will probably looking be looking for merger partners now that its stock is down to under $19 from a 52-week high of $55.55.

The first choice would probably be JP Morgan (JPM). It is better managed, has done more to avoid the currest credit crisis, and has a number of overlapping businesses which would allow the combined company to take out tremendous amounts of redundant costs and operations.

If Citi hits another skip, JP Morgan may be able to pick it up for $15.

Douglas A. McIntyre