Doral Financial Group Shares Up Sharply Following Court Decision

Shares of Doral Financial Corp DRL are up sharply Monday morning following the company’s Friday announcement that confirmed a $229M tax dispute was ruled in the company’s favor.

Shares of Doral Financial Group closed Friday’s session at $5.29; currently shares are trading at $8.26 up 56% pre-market Monday.

Shares of Doral Financial Group have been trending lower for much of 2014; down 66 percent year-to-date.