On Tuesday, National City NCC announced that Merrill Lynch & Company MER has agreed to buy its First Franklin segment for $1.3 billion. We are putting our National City fair value estimate under review as we transfer coverage to a new analyst and take a deeper dive into the long-term implications ...
Our first impression of National City's NCC third-quarter results is positive, and we're maintaining our $43 fair value estimate. The bank earned $0.90 per share, up 22% from the year-ago quarter. The net interest margin remained flat with last year, at 3.73%; this was encouraging to us, given ...
After the Lehman bankruptcy, swift, decisive action by U.S. officials managed to stabilize banks in relatively short order and dramatically reduced (but not eliminated) the chances of another crisis.
Morningstar DividendInvestor editor Josh Peters explores some valuable lessons he’s learned collecting the first 1,000 dividends in his newsletter’s portfolios.
National City's tough test ahead: Turn green into gold.
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