As JPM already owns Texas, I would put at zero the odds that CFR is in their future. It's the southeast that JPM has almost waited too late for, and that's far and away the most likely region where JPM deals next. JMHO and some facts.
I mean sure in general all the multinationals are looking to buy across the board. so if JPM (or any of the others) throw down on another regional some time soon that wouldn't be much of surprise really.
JPM does need to expand in TX though. It seems like they are lossing ground in the state to the likes of some of the others.