The Boston Business Journal (Free subscription) | yesterday
Spanish banking giant Banco Santander S.A. has paid $42.9 million for another 5 million shares in Sovereign Bancorp, bringing its total ownership stake in the company to 161.6 million shares, or 24.4 percent. (SOV)
Business Spectator (Free subscription) | 07/24/2008
Savings and loan bank says improved lending margin offset rising credit losses. 24 Jul 2008 7:13 AM
The Boston Business Journal (Free subscription) | 07/23/2008
Shares of Sovereign Bancorp Inc. rose nearly 10 percent Wednesday after the large regional bank reported second-quarter earnings that beat the estimates of Wall Street analysts. (SOV)
Reuters UK (Free subscription) | 07/23/2008
NEW YORK (Reuters) - Sovereign Bancorp Inc , the second-largest U.S. savings and loan, on Wednesday posted a smaller-than-expected decline in quarterly profit, as an improved lending margin offset the impact of rising credit losses.
The Philadelphia Business Journal (Free subscription) | 07/23/2008
Sovereign Bancorp Inc. said Wednesday its second quarter net income fell by 13.6 percent as provisions for credit losses more than doubled from the same period a year ago. (SOV)
Market Watch (Free subscription) | 07/23/2008
NEW YORK (MarketWatch) -- Sovereign Bancorp said Wednesday that its second quarter profit slipped 13.6% to $127.4 million, or 22 cents a share, from $147.5 million, or 27 cents a shares a year ago. The company said its credit loss provision in the quarter was $132 million, compared to $51 million last year. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move....
Seeking Alpha (Free subscription) | 07/22/2008
Sovereign Bancorp (SOV) is expected to report Q2 earnings Wed., July 23 before market open, with a conference call scheduled for 10:30 am ET. Guidance Analysts are looking for EPS of 16c on revenue of $664.18M. The consensus range for EPS is 8c to 21c, while the consensus range for revenue is $636.47M to $694.90M, according to First Call. Complete Story »
PR News Wire (Free subscription) | 07/18/2008
WYOMISSING, Pa., July 18 /PRNewswire-FirstCall/ -- When: 7/23/08 @ 10:30 a.m. Eastern Where: under Investor Relations, Events & Webcasts How: Live over the internet-simply log on to the web at the address above Contact: Dawn Buffalo Heart, Lead Specialist, Sovereign Bancorp, Inc. Phone: 610-320-8465 Email: If you are unable to participate during the live webcast, the call will be archived...
The Boston Business Journal (Free subscription) | 07/16/2008
The central bank of Norway recently disclosed it owns 5 percent of Philadelphia-based Sovereign Bancorp Inc.’s stock. (SOV)
The Boston Business Journal (Free subscription) | 07/15/2008
Shares of Sovereign Bancorp Inc. are down 20 percent this week as investors worry about a rising tide of bad loans at regional banks and further fallout from the collapse of IndyMac Bancorp Inc. (SOV)
Banking Business Review (Free subscription) | 06/17/2008
Sovereign Bank, a subsidiary of Sovereign Bancorp, has appointed Andrew Gully as senior vice president and managing director of corporate affairs.
GuruFocus Updates (Free subscription) | 06/07/2008
Weekly highlight of top insider buys. Related Companies: Sovereign Bancorp Inc. (SOV), Marchex Inc. (MCHX), TCF Financial Corp. (TCB), ev3 Inc. (EVVV), Perini Corp. (PCR).
The Street (Free subscription) | 06/02/2008
See who made what calls.
GuruFocus Updates (Free subscription) | 05/25/2008
Highlight of top insider buys. Related companies: Sovereign Bancorp Inc. (SOV), Jefferies Group Inc. (JEF), XenoPort Inc. (XNPT), SANDRIDGE ENERGY INC (SD), W.P. Carey & Co. LLC (WPC).
Market Watch (Free subscription) | 05/22/2008
NEW YORK (MarketWatch) - Ratings agency Standard & Poor's upgraded the ratings of Wachovia Corp. [s:WB], Sovereign Bancorp [S: sov] and Capital One Financial Corp. from sell to hold Thursday, saying that a recent drop in share prices makes the firms attractive. S&P said that although concerns about credit quality and risk management remain, the overall value of the banks was solid. The ratings agency...
