Stock Watch: [email protected] Climbs on MSN Deal

Shares of online bank [email protected] (Nasdaq: NTBK) climbed 1-5/16 to21-3/4 on Tuesday after the company announced an alliance with MSN Moneycentral. This is [email protected]’s first major portal agreement. Under the terms of the deal, [email protected] will be promoted via links, targeted advertising and content integration on MoneyCentral. Earlier this year, a largely unjustified frenzy surrounded online banks, and the stocks of the most notable ones, including [email protected], soared to remarkable heights only to fall extremely hard. [email protected] is currently trading at just more than 1/4 of its highest level this year. The stock now seems to be trading in a relatively stable range. [email protected] is both a profitable company and an industry leader that will likely branch out into other online financial services. At this level, it could be worth a look.

Leave a Comment

Please sign in to post or reply to a comment. New users create a free account.

Elon Musk's Dec. 2 action to release The Twitter Files: Approve or Disapprove?
Loading ... Loading ...

Technewsworld Channels