Investors sent shares of PrivateBancorp Inc. soared for a second day Tuesday after the Chicago bank's fourth-quarter results prompted two analyst upgrades.
PrivateBancorp reported a narrower loss for the last three months of 2009, with results exceeding Wall Street expectations. The bank said it's seeing growth slowing for problem loans.
The stock added $1.63, or 13.8 percent, to $13.46 in afternoon trading, with volume more than twice normal trading. The jump came on top of an 18 percent gain in Monday's session.
BMO Capital Markets analyst Peter J. Winter raised his rating on the bank to "Outperform" from "Market Perform" …
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