NEW YORK - Shares of Countrywide Credit Industries surged 22% on Tuesday - a rare strong spot for financial stocks after the Federal Reserve raised both of the short-term interest rates its controls by 50 basis points.
Countrywide declined to comment Tuesday when asked by the New York Stock Exchange about the unusual market activity.
Countrywide chairman and chief executive Angelo Mozilo was quoted in Tuesday's American Banker as saying he no longer completely rules out the idea of selling the company, a major shift from his earlier stance.
