Countrywide announced on January 12 that it intended to list on the NASDAQ Stock Market and The New York Stock Exchange.
"Countrywide has built a reputation in the financial services industry for leadership and innovation, and we welcome them to the NASDAQ family of companies," said Bruce Aust, executive vice president, NASDAQ Corporate Client Group. "We believe in the value of competition in the capital markets and the benefits it can provide to shareholders of companies such as Countrywide." Founded in 1969, Countrywide is a member of the S&P 500, Forbes 500 and Fortune 500. Through its family of companies, Countrywide provides mortgage banking and diversified financial services in domestic and international markets.
Companies wishing to dual list on NASDAQ must meet National Market listing standards. Firms listing on NASDAQ as well as the NYSE will trade under the same one, two, or three-letter symbol on both markets.
NASDAQ® is the world's largest electronic stock market. With approximately 3,300 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to category-defining companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology industries. NASDAQ is the primary market for trading NASDAQ listed stocks. Approximately 54% of NASDAQ-listed shares traded are reported to NASDAQ systems. For more information about NASDAQ, visit the NASDAQ Web site at www.NASDAQ.com or the NASDAQ NewsroomSM at www.NASDAQnews.com.
