BNET Industries
Last Fiscal Year Sales:$5.2B
- Public
- US
Dow Jones Description
Sovereign Bancorp, Inc., (NYSE: SOV), is the parent company of Sovereign Bank, a financial institution with $85 billion in assets as of December 31, 2007 with principal markets in the Northeast United States. Sovereign Bank has 750 community banking offices, over 2,300 ATMs and approximately 12,000 team members. Sovereign offers a broad array of financial services and products including retail banking, business and corporate banking, cash management, capital markets, wealth management and insurance. Sovereign is the 19th largest banking institution in the United States.
Number of Employees 10,235
Contact Information
1500 Market St
Philadelphia, Pennsylvania 19103-3231
(610) 320-8400
Peer Companies
NAICS Code Savings Institutions: 522120
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News & Analysis
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fitch and sovereign bancorp inc. - All News and Analysis
Fitch Affirms Sovereign Bancorp's Ratings on New Equity Issue
- 2008-05-12
NEW YORK -- Fitch Ratings has affirmed the long-term Issuer Default Ratings IDRs of Sovereign Bancorp, Inc. SOV at 'BBB-' and Sovereign Bank at 'BBB'. A complete list of ratings is included at the end of this release.
Fitch Affirms Sovereign Bancorp on Balance Sheet Restructuring
- 2006-12-22
NEW YORK -- Fitch Ratings affirms the long-term Issuer Default Rating IDR of Sovereign Bancorp, Inc. SOV at 'BBB-' following SOV's announcement to restructure its balance sheet and improve operating efficiency. The Rating Outlook remains Stable. A complete list of ratings is provided at the end of this release.
Fitch Affirms Sovereign Bancorp's Ratings; Outlook to Positive
- 2005-04-19
NEW YORK -- Fitch Ratings has affirmed the ratings of Sovereign Bancorp (SOV; long-term/short-term 'BBB-/F3') and its bank subsidiary, Sovereign Bank (long-term/short-term 'BBB/F2'). At the same time, Fitch has revised both SOV and Sovereign Bank's Rating Outlook to Positive from Stable. A complete list of ratings follows at the end...
Fitch Expects to Rate Sovereign Bancorp, Inc.'s $1B Mixed-Shelf Offering
- 2004-06-28
NEW YORK -- Fitch Ratings has assigned expected ratings to Sovereign Bancorp, Inc.'s SOV $1 billion mixed-shelf registration. Ratings are based on the debt securities to be issued, as the registration enables SOV to issue a series of secured and unsecured debt instruments, as well as capital trust preferred stock....
Fitch Revises Rating Outlook on Sovereign Bancorp to Positive
- 2002-03-14
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