National City (NCC, news, chart, volatility) is up 26.9 percent in pre-market trading. Citing people familiar with the matter, the Wall Street Journal is reporting that the embattled financial services company is in talks to sell itself. PNC Financial (PNC) and Toronto based Bank of Nova Scotia are among the bidders.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.