Sovereign Bancorp shares hit new low as 3Q profit dips 68 percent
Story date: 2007-10-18 01:03:00
Added on: 2007-10-18 20:26:55
Philadelphia Inquirer - Sovereign also absorbed $19.4 million in losses after several mortgage companies that borrowed money filed bankruptcy or defaulted on payments. Gerard Cassidy, an analyst at RBC Capital Markets, cut his earnings estimate on Sovereign this year to $1 ...
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