JP Morgan and BoA/ML Could Be Given GM (GM) IPO Deal, Goldman May Be Left Out

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June 1, 2010 2:55 PM EDT
According to reports from Fox Business Networks' Charlie Gasparino, JP Morgan Chase (NYSE: JPM) and Bank of America/Merrill Lynch (NYSE: BAC) are seen as getting the job to handle General Motors' massive upcoming IPO, leaving Goldman Sachs (NYSE: GS) in the lurch.

The deal size could be nearly $15 billion, just fraction of the government's 61% stake worth roughly $50 billion.

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Charles Gasparino, JPMorgan