BNET Industries
Sovereign Bancorp Inc. (SOV) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $5.0B
- Profit
- Dec 31 2007
- ($1.3B)
- Market Cap
- Jul 22 2008
- $12.5M
Latest News and Analysis
Sovereign Bancorp, Inc. Q2 2008 Earnings Call Transcript
Sovereign Bancorp Inc. SOV Q2 2008 Earnings Call
Earnings Preview: Sovereign Bancorp
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...
Crazy Dividends
Hickey and Walters Bespoke submit: At the market's recent low on July 15th, there were numerous stocks with astronomical indicated dividend yields. With the gains in Financials and the overall market since then, however, these estimated yields have dropped significantly although many remain high. Below we highlight the...
Barron's Goes Bullish on Banks, Again
For the second time this year, Barron's cover story goes bullish on financials. S&P financials are down 43% over the last 12 months, even after major bull runs on Wednesday and Thursday. More than $1T in market value has disappeared, and the once mighty sector now boasts...
Financials Down 6.1% - Like the Days of the Tech Bust?
Hickey and Walters Bespoke submit: The S&P 500 Financials sector had its worst day of the credit crisis yesterday, declining 6.1%. The one-day declines in many of the banks reminded us of the worst days during the bursting of the Tech bubble. To compare the two,...
U.S. Bank Dividend Yields Revisited
The Sun submits: Last November, shortly after the Dow peaked at 14,280 points, I had a post on dividend yields of the largest banks in the country. At that time, I thought that, with many bank stocks yielding 6.0% or more, buying banks made some sense if the banks...
Sovereign Bankcorp, Inc. Q1 2008 Earnings Call Transcript
Sovereign Bankcorp, Inc. Q1 2008 Earnings Call Transcript
Sovereign Bancorp Inc Q4 2007 Earnings Call Transcript
Sovereign Bancorp Inc Q4 2007 Earnings Call Transcript
Sovereign Bancorp, Inc. Q3 FY07 Earnings Call Transcript
Sovereign Bancorp, Inc. Q3 FY07 Earnings Call Transcript
Additional Resources
BellwetherReport.com Analyst Report on FNM, FRE, SOV and HPC
BellwetherReport.com is the leading onlinefinancial newsletter for investors seeking top independent and unbiasedresearch. Investors seeking free and unbiased analyst opinions on thecompanies mentioned in this release are encouraged to sign up to www.bellwetherreport.com for a free subscription to access these reports.Today, we have once again scheduled interviews with a...
KBW Announces Changes to KBW Regional Banking Index and KBW Mortgage Finance Index
NEW YORK -- Keefe, Bruyette & Woods, Inc., a full-service investment bank that specializes in the financial services sector, and a wholly-owned subsidiary of KBW, Inc. (NYSE: KBW), today announced upcoming changes to the KBW Regional Banking Index (Index Symbol: KRXSM, ETF Symbol: KRESM) and KBW Mortgage Finance Index (Index...
Sovereign Bancorp Completes $1.9 Billion Capital Raise
PHILADELPHIA, May 20 /PRNewswire-FirstCall/ -- Sovereign Bancorp, Inc. ("Sovereign or the Company") , parent company of Sovereign Bank ("Bank"), today announced that it has completed its previously announced equity and debt offerings, which raised a total of approximately $1.9 billion for Sovereign and the Bank. "By proactively...
BellwetherReport.com Analyst Report on NTWK, CSUN, WCI, and SOV
BellwetherReport.com is the leading onlinefinancial newsletter for investors seeking top independent and unbiasedresearch. Investors seeking free and unbiased analyst opinions on thecompanies mentioned in this release are encouraged to sign up to www.bellwetherreport.com for a free subscription to access these reports.Today, we have once again scheduled interviews with a...
Sovereign Bank Announces Pricing of Debt Offering
WYOMISSING, Pa., May 13 /PRNewswire-FirstCall/ -- Sovereign Bank ("Bank"), a federal savings bank and a subsidiary of Sovereign Bancorp, Inc. announced today that it has priced $500 million of fixed rate subordinated notes. The notes will have a coupon of 8.75% and will mature as of May...
Sovereign counts on capital infusion
Sovereign Bancorp Inc. said yesterday that it planned to raise $1.5 billion in the latest move by big banks to replenish balance sheets depleted by the failure of risky loans made during the credit boom that collapsed last year. Sovereign, officially headquartered in Philadelphia although its chief executive works in...
Fitch Affirms Sovereign Bancorp's Ratings on New Equity Issue
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. These affirmations follow SOV's announcement of a sizable capital raising...
Sovereign Bancorp Announces $1.0 Billion Common Stock Offering
PHILADELPHIA, May 12 /PRNewswire-FirstCall/ -- Sovereign Bancorp, Inc. ("Sovereign or the Company") , parent company of Sovereign Bank ("Bank") today announced the public offering of $1.0 billion of shares of its common stock. Lehman Brothers Inc. is acting as the sole book-running manager of the offering. The...
Sovereign Bank Announces Proposed Offering of Subordinated Notes
WYOMISSING, Pa., May 12 /PRNewswire-FirstCall/ -- Sovereign Bank ("Bank"), a federal savings bank and a subsidiary of Sovereign Bancorp, Inc. today announced that it intends to offer, subject to market conditions and approval by the Office of Thrift Supervision ("OTS"), approximately $500 million of fixed rate subordinated notes...
Sovereign Bancorp Successfully Completes $1.25 Billion Common Stock Offering
PHILADELPHIA, May 12 /PRNewswire-FirstCall/ -- Sovereign Bancorp, Inc. ("Sovereign or the Company") , parent company of Sovereign Bank ("Bank") announced today that the Company has priced its public offering of 156,250,000 shares of common stock at an offering price of $8.00 per share for net proceeds, after the underwriting...
Finding fixes for a possible student loan crisis
STUDENT LOANS ARE NECESSARY to make college a reality for many families. Now lawmakers and financial aid experts are pushing for safeguards to ensure that the federal student loan process won't be shaken by the nation's credit crunch. This worry has been magnified by significant changes in the...
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- Incorporated: 1987
- CEO: Mr. Joseph P. Campanelli
- Employees: 10,427
Sovereign Bancorp is the parent company of Sovereign Bank, a federally chartered savings bank. Co. had approximately 750 community banking offices and over 2,300 automatic teller machines as of Dec 31 2007 with principal markets in the Northeastern US. Co.'s primary business consists of attracting deposits from its network of community banking offices, and originating small business and middle market commercial loans, multi-family loans, residential mortgage loans, home equity loans and lines of credit, and auto and other consumer loans in the communities served by those offices. As of Dec 31 2007, Co. had total assets of $84.75 billion.
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Sovereign Bancorp Inc. Company Info
Board of Directors
Mr. P. Michael Ehlerman
Chairman
Mr. Juan Rodriguez-Inciarte
Mr. William J. Moran
Ms. Maria Fiorini Ramirez
Mr. Alberto Sánchez
Mr. Joseph P. Campanelli
Mr. Brian Hard
Mr. Gonzalo de Las Heras
Mr. Gabriel Jaramillo
Mr. Cameron C. Troilo Sr.
Mr. Ralph V. Whitworth
Mrs. Marian L. Heard
Mr. Andrew C. Hove Jr.
Contact Information
1500 Market Street
Philadelphia, PA
215 557-4630
