Friday, June 13, 2008

NCC boosts S&P 500 yesterday

Some people can wipe the sweat of their collective brow:
Shares of National City Corp. jumped, helping lift the Standard & Poor's 500 Index on Thursday, after an analyst upgraded shares of the bank and said it has enough cash to weather the credit crisis.

National City added 89 cents, or 20.5 percent, to $5.23 after Sandler O'Neill & Partners LP analyst R. Scott Siefers raised the stock to "Buy" from "Hold" and said the company had enough capital for "virtually any credit scenario."

AP: S&P 500 Leaders and Laggards: NCC KEY

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