Colonial Bancgroup (CNB) Continues Momentum Run

May 11, 2009 10:02 AM EDT

Colonial Bancgroup Inc. (NYSE: CNB) continues Friday's momentum run, which we highlighted here. Shares are up 53% this morning after Friday's 35% run-up on heavy volume.


The Colonial BancGroup, Inc. operates as the holding company for Colonial Bank that provides retail and commercial banking, wealth management services, mortgage banking, and insurance products.


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