LNC Down on Application Withdrawal with FDIC – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/18652/LNC+Down+on+Application+Withdrawal+with+FDIC+-+Zacks+Tale+of+the+TapePosted on Monday, March 30th, 2009 | In Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
Shares of Lincoln National Corp. (LNC) plummeted as much as 38% today as the Radnor-based insurer withdrew its application with the Federal Deposit Insurance Corp. to issue debt.
In a filing with the U.S. Securities and Exchange Commission late Friday, Lincoln said it no longer believed that it would qualify under the provisions of the Temporary Liquidity Guarantee Program to issue up to $793 million in FDIC-guaranteed debt.
LNC is currently a Zacks #4 Rank (”Sell”) stock, but that could change in the coming months.
“LNC” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research
Last 5 posts by Zacks Market Commentaries
- CX Completes EURUS Construction - Analyst Blog - November 24th, 2009
- St. Mary Grows With Shale Plays - Analyst Blog - November 24th, 2009
- Repsol Remains Neutral - Analyst Blog - November 24th, 2009
- MIL Buys Remaining Stake in India - Analyst Blog - November 24th, 2009
- EMS Enters Oversold Territory - Zacks Tale of the Tape - November 24th, 2009
Tags for this Post:
Fdic, Federal Deposit Insurance Corp, Lincoln National Corp.;, Radnor;, Stocks to Watch, U.S. Securities and Exchange Commission, USD, Zacks Market Commentaries
Fdic, Federal Deposit Insurance Corp, Lincoln National Corp.;, Radnor;, Stocks to Watch, U.S. Securities and Exchange Commission, USD, Zacks Market Commentaries
 About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.