BNET Industries
National City Corp. (NCC) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $11.7B
- Profit
- Dec 31 2007
- $313.9M
- Market Cap
- Jul 23 2008
- $3.5B
Latest News and Analysis
National City Has $1.76 Billion Loss
NEW YORK (Reuters) - National City Corp NCC, a large U.S. Midwest regional bank, on Thursday posted a $1.76 billion loss, hurt by soaring losses on mortgage and real estate construction loans and a write-down for acquisitions. The fourth straight quarterly loss for...
Beware the Big Financials' Dividend Trap
Money Morning submits: By Alexander Green For years, investors have bemoaned the low dividend yield on stocks. But with the market down roughly 20%, the yield on the S&P 500 Index is up to 2.25%. by Money Morning
Earnings Preview: National City Corporation
National City Corporation NCC is expected to report Q2 earnings before market open Thursday, July 24, with a conference call scheduled for 11:00 a.m. ET. Guidance Analysts are looking for EPS of (26c) on revenue of $1.78B. The consensus range for EPS is (80c) to 0c, while the consensus range...
National City Looking to Sell Unit: Report
NEW YORK (Reuters) - National City Corp NCC is trying to sell its money-management unit, according to the Wall Street Journal's online edition. National City is working with Morgan Stanley to shop Allegiant Funds, which manages about $30 billion. Cleveland-based National City has...
Financials... Is It for Real?
Todd Sullivan submits: I think it depends on what you own... Just as I am skeptical when something falls 49% in a couple days barring extreme circumstances, I am equally un-enthused when the converse happens. by Todd Sullivan
The Facts Behind the Coming Congressional Mortgage Bailout Bill
Stan Muse submits: Normal 0 false false false ...
Barron's Goes Bullish on Banks, Again
For the second time this year, Barron's cover story goes bullish on financials. S&P financials are down 43% over the last 12 months, even after major bull runs on Wednesday and Thursday. More than $1T in market value has disappeared, and the once mighty sector now boasts...
Bank Executive Compensation and the Bailout
Richard Shaw QVM Group submits: Executive compensation is a difficult issue. Although we grant that the challenge in designing a reasonable system that works in all seasons is daunting, in the net we come down on the side that the compensation is too often too great. We believe...
SEC Shorting Restrictions: Are Some Banks Being Set Up?
Michael Shedlock submits: While pondering SEC Restricts Shorting 19 Financial Stocks I could not help but notice the financial institutions conspicuously absent from the ruling.With that in mind let's recap the list of shorting curbs placed by the SEC. by Michael Shedlock
Wells Fargo Leads Bank Shares to Huge Gains
By Jonathan Stempel NEW YORK (Reuters) - Wells Fargo & Co WFC led U.S. bank shares to their biggest gains in well over a decade on Wednesday after reporting a surprisingly high profit and increasing its dividend. The KBW Bank Index of...
Next Week Is a Big One for Bank Reports
Richard Shaw QVM Group submits: The next seven days will see most of the banks in the KBW large bank index KBE reporting. That should be an interesting time with all the news and gyrations of the past few days. Here is a list of the members of...
Whitney Downgrades Wachovia on “Bleak” Shareholder Prospects
Money Morning submits: By Jennifer Yousfi Meredith Whitney, the Oppenheimer & Co. analyst famous for her prescient financial sector calls during the ongoing banking crisis, has downgraded Wachovia Corp. WB to “underperform,” saying prospects are “bleak” for shareholders of the Charlotte-based commercial bank. by Money...
The Upside of Falling Bank Stocks
Felix Salmon submits: Financial stocks are plunging right now: If Fannie FNM and Freddie FRE can be brought to their knees, then no bank is safe. And falling bank stocks are systemically very worrying: The equity cushion is an important part of the way in which banks protect themselves...
Going Private, Lehman Edition
Felix Salmon submits: Lehman Brothers LEH is now trading at $12 a share, which is less than its asset-management business alone is worth. So at this point it makes perfect sense for CEO Dick Fuld to go private, sell off Neuberger Berman, and basically get the rest of...
Financials Down 6.1% - Like the Days of the Tech Bust?
Hickey and Walters Bespoke submit: The S&P 500 Financials sector had its worst day of the credit crisis yesterday, declining 6.1%. The one-day declines in many of the banks reminded us of the worst days during the bursting of the Tech bubble. To compare the two,...
Bank Shares Plummet Amid Stability Fears
By Dan Wilchins NEW YORK (Reuters) - The shares of major U.S. banks plunged on Monday amid fears about the sector's stability following Friday's seizure by regulators of IndyMac Bancorp Inc IMB as withdrawals by panicked depositors led to the third- largest ...
Regional Bank Collapse: No Moral Hazard Here
Brett Steenbarger submits: The charts above show price changes for the S&P 500 Index SPY and seven major regional banks: Bank of America...
NYSE Short Interest Hits Record Highs... Again
Hickey and Walters Bespoke submit: Yesterday, the NYSE and NASDAQ both released short interest statistics for the month ending in June, and for each exchange, short interest levels increased. On the NYSE, short interest rose to yet another record high, up 2.67% to 18.125 billion shares. Looking at...
Global Financial Performance
Hickey and Walters Bespoke submit: As of yesterday, just 11.6% of the stocks in the Bloomberg World Financial index were up in 2008. At least some are up! Below we highlight the best and worst performing stocks in the index year to date. As shown, a Chilean financial...
The Fed Is Banking on Hedge Funds, But Merrill Lynch Can't
Michael Steinberg submits: The Wall Street Journal's “Fed May Give Private Equity More Leeway to Help Banks” reports that Federal Reserve officials have met with J.C. Flowers, Carlyle Group, Kohlberg Kravis Roberts and Warburg Pincus. Not unknown to panic, Bernanke’s Fed now wants to encourage private equity to play a...
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- Incorporated: 1972
- CEO: Mr. Peter E. Raskind
- Employees: 32,064
National City is a financial holding company. Co. operates through its banking network in Ohio, Florida, Illinois, Indiana, Kentucky, Michigan, Missouri, Pennsylvania and Wisconsin, and also conducts selected lending and other financial services businesses on a nationwide basis. Co.'s primary businesses include commercial and retail banking, mortgage financing and servicing, consumer finance, and asset management. Co.'s businesses are organized by product and service offerings as well as the distribution channels. As of Dec 31 2007, Co. had total assets of $150.37 billion, and total deposits of $97.56 billion.
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National City Corp. Company Info
Board of Directors
Mr. Peter E. Raskind
Chairman
Dr. Jerry Sue Thornton Ph.D.
Mr. Morry Weiss
Mr. Richard E. Thornburgh
Mr. Jon E. Barfield
Mr. James S. Broadhurst
Mr. Christopher M. Connor
Dr. Bernadine P. Healy M.D.
Mr. Allen H. Koranda
Mr. Michael B. McCallister
Mr. Paul A. Ormond
Mr. Gerald L. Shaheen
Contact Information
1900 East Ninth Street
Cleveland, OH
216 222-2000
NAICS Code
Commercial Banking: 522110Brought to you by IBMSponsored Resources
