Takeover expectations drove the movement of several mortgage banking stocks last week as investors tried to hitch rides on the next bank acquisition.

Countrywide Credit Industries finished the week with a gain of $1.50, closing at $17.50. A number of rumors, none substantiated, have had the Pasadena mortgage giant being acquired in whole or in part by Citibank or Bank of America.

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.