Countrywide Rings NYSE Bell

To celebrate the company's new name and ticker symbol, executives of Countrywide Financial Corporation rang the bell to open trading on the New York Stock Exchange Wednesday morning.The company, formerly Countrywide Credit Industries, now trades under the symbol CFC on the NYSE. Stanford Kurland, Countrywide's executive managing director and chief operating officer, told MortgageWire that the change reflects growth in Countrywide's diversification businesses, including its commercial bank, its securities operation, and the insurance segment of its business. "Certainly, we want to open the eyes of the investor community to our diversification," he said.

Processing Content

For reprint and licensing requests for this article, click here.
Servicing
MORE FROM NATIONAL MORTGAGE NEWS
Load More