Stock Watch: Net.B@nk Offers Security for Documents

Online bank Net.B@ank (Nasdaq: NTBK) is bringing the safe deposit box, a staple of brick-and-mortar, banks online. On Monday, Net.B@ank announced that it is offering its customers a new Web-based safe deposit box service for storing valuable and confidential electronic documents. It remains to be seen whether customers will really trust Internet security enough to put important documents on somebody else’s service, but Net.B@ank saw a nice gain in its stock price on Monday.

Shares of Net.B@ank climbed 3-11/16 to 33-5/16. On Monday, Pacific Crest Securities initiated coverage of Net.B@ank with a strong buy rating.

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