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But one insurance company is likely to be an active acquirer, said Mr. McIntosh.
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The company has also been an active acquirer of small companies (e.g., Alchemy for analyzing text) and large companies (e.g., assets of the Weather Channel).
While First Union has been an active acquirer of mutual fund and brokerage firms, nearly 25percentt of the division's growth has been from market appreciation, said Donald McMullen Jr., head of capital management.
IBM has been an active acquirer, especially in data analytics.
The Anbang group has been an active acquirer in the U.S. It bought the Waldorf Astoria Hotel in midtown Manhattan for $1.95 billion in 2014.
While Chase has not been an active acquirer up to now, it has been an active investor — for example, it has backed the likes of LevelUp, Bill.com and an incubator focused on fintech.
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CEO of Professional Science Editing for Scientists @ prosciediting.com