Shares of National City Corp. rose a healthy $1.50, to $69.6875, on Monday after the Cleveland banking company said it intends to double its base of authorized shares to 1.4 million.

The announcement sparked new investor interest in the shares, which have recently lagged.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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