Citicorp shares jumped Friday, as investors turned optimistic after the bank announced plans to sell a 20% stake in its student loan business to the public.

Shares of the bank were among the most active on the New York Stock Exchange, with volume nearly reaching two million, double the daily norm. Shares rose 62.5 cents, to $17.50.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.