In its research note released today, Credit Suisse initiated coverage on JPMorgan Chase & Co.'s (NYSE:JPM) prospective $9 billion bid for Worldpay. Worldpay is a leading British payment-processing company. The acquisition strategy stands aligned to JPMorgan's policy of gaining a strong hold in payment innovation. Morever, Credit Suisse believes that the move would strengthen JPMorgan's merchant services business outside the US.
JPMorgan Chase and Co. (NYSE:JPM) To Strengthen Market Position With Potential WorldPay Takeover: Credit Suisse
Bidness etc. - 9 Jun 2015 19:56
In its research note released today, Credit Suisse initiated coverage on JPMorgan Chase & Co.'s (NYSE:JPM) prospective $9 billion bid for Worldpay. Worldpay is a leading British payment-processing company. The acquisition strategy stands aligned to JPMorgan's policy of gaining a strong hold in payment innovation. Morever, Credit Suisse believes that the move would strengthen JPMorgan's merchant services business outside the US.
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