Mid-day report for Monday

At the risk of sounding like a death watch, I couldn't help but notice NCC stock is trading at $3.20 as of noon Eastern time. That's down $1.22 from last Friday, and $1.47 from last Monday.

With a few more hours to go until the market closes today, Bloomberg has this:

U.S. stocks fell, led by financial shares, after the government's seizure of IndyMac Bancorp Inc. and predictions of wider credit losses overshadowed the Treasury's bailout of Fannie Mae and Freddie Mac.

Zions Bancorporation, National City Corp. and First Horizon National Corp. tumbled as Goldman Sachs Group Inc. said regional banks may cut their dividends to restore capital..... (U.S. Stocks Fall on Credit Concern; Zions, National City Drop.)

NCC's common stock dividend for August 1, 2008, is 1 cent per share.