Stock Watch: NetB@nk Climbs on MSN Deal

Shares of online bank NetB@nk (Nasdaq: NTBK) climbed 1-5/16 to21-3/4 on Tuesday after the company announced an alliance with MSN Moneycentral. This is NetB@nk’s first major portal agreement. Under the terms of the deal, NetB@ank will be promoted via links, targeted advertising and content integration on MoneyCentral. Earlier this year, a largely unjustified frenzy surrounded online banks, and the stocks of the most notable ones, including NetB@ank, soared to remarkable heights only to fall extremely hard. NetB@ank is currently trading at just more than 1/4 of its highest level this year. The stock now seems to be trading in a relatively stable range. NetB@ank is both a profitable company and an industry leader that will likely branch out into other online financial services. At this level, it could be worth a look.

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