JPMorgan Chase ups bid for Bear Stearns to $10

JPMorgan reached an agreement with Bear’s board to acquire Bear for $2.65 billion, or $10 a share, over the weekend.

Not sure how much comfort that brings to shareholders who two Mondays ago had shares worth $70 a share.

Now might be the time to review the prospects of the financial services equities in your portfolio.

JPMorgan Chase ups bid for Bear Stearns

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