Shares of Hibernia Corp. soared 14.3% to $12 Thursday, on volume of two million shares - nine times the daily average.

The New Orleans bank, long considered a prime takeover candidate, said it had no news pending to spark such a movement.

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.