2 of 4
Market cap: $34.3 billion (as of 8/29)

Wachovia has a strong retail footprint in California and Florida, plus the big middle-markets business that Washington Mutual lacks. It also owns regional broker A.G. Edwards; Dimon has extensive experience running brokerage franchises dating back to his days at Smith Barney, and JP Morgan doesn't own a broker.

Wachovia is saddled with a large, risky mortgage book from its 2006 acquisition of Golden West, which was a leading issuer of so-called option adjusted rate mortgages -- loans that give borrowers the right to pay less than the full bill. Wachovia also has a new CEO, Robert Steel, and the board will want to give him time for a turnaround before it considers selling at fire-sale prices.

NEXT: SunTrust
Last updated September 04 2008: 11:00 AM ET
More Galleries
50 years of the Ford Mustang Take a drive down memory lane with our favorite photos of the car through the years. More
8 CEOs who took a pay cut in 2013 Median CEO pay inched up 9% in 2013 to $13.9 million. But not everyone got a bump last year. Here are eight CEOs who missed out. More
10 best convertibles now that spring has sprung It's finally time to put the top down. Here are our 10 favorite rides for the warmer months to come. More
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.