National City (NCC) - Still dead money despite cash infusion
National City Corp. (NCC) will get approximately $6 billion from private investors in a deal that provides much-needed capital to the Midwestern bank which had heavy exposure to the mortgage and housing market.  The Wall Street Journal citing unidentified sources said that National City officials were still negotiating final terms of the transaction with a group of investors led by Corsair Capital LLC, a New York private equity group.
 
Though the headline news sounds bullish NNC with a FusionIQ score of only 27 suggests to us that even though it may get a pop on the news the stock is likely to be dead money for quite some time as it needs major base building before it can start a new secular bull move again.
 
 
To see how the rest of the banking sector is shaping up sign up for FusionIQ today at https://www.fusioniqrank.com/signup.php

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