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$2.53 -0.03 (-1.17%)
10/7/2008 11:21 AM

National City Corp (NCC)

CAPS Rating:
*

A financial holding company headquartered in Cleveland, Ohio. Primary businesses include commercial and retail banking, consumer finance, asset management and mortgage financing and servicing.

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Avatar samhanlj (< 20) Submitted: 5/15/08 4:46 PM : Underperform Start Price: $5.84 NCC Score: 28.59

They consider Countrywide their competition- and look how Countrywide is doing. Stock now trading at less than a sixth of the 52-week high.With the foreclosure pinch in their primary mortgage business, the timing couldn't have been worse for their recent expansion into regular banking with more bricks-and-mortar offices, now located between rock and hard place.

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