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Sovereign Bancorp

PowerShares Emerging Markets Sov Dbt ETF PCY 5 Star

Last Price$29.48Day Change (%)0.34%
Open Price$29.37Day Change ($)0.10
Day Range29.36–29.4852-Week Range27.71–30.96

As of Sat 4/28/2017 9:00:00 PM | USD

  1. Glancing Back but Focusing Forward

    Showing strong progress on its restructuring in the second quarter, we believe Sovereign Bancorp SOV is well on the road to recovery. We are maintaining our fair value estimate. Acquisition-hungry Sovereign finally turned its attention inward about a year ago. By the end of 2006, the company had a ...

  2. What Role for Emerging Markets After the Sell-Off?

    As reflected in our "F" Stewardship Grade and above-average risk rating, we are not big fans of Sovereign Bancorp's SOV  management. Now, it looks like change is in the air, as seven of Sovereign's 12 board members have called a meeting to discuss the possibility of firing CEO and Chairman Jay ...

  3. The Hook

    Sovereign Bancorp SOV announced a major overhaul of its securities portfolio, which will result in a charge to earnings of about $0.45 per share in the second quarter. The changes do not affect our $27 per share fair value estimate, since the longer-term benefits will offset the temporary pain. ...

  4. Business Cycle Update: Global Dispersion Favors Advanced Economies

    Sovereign SOV announced an increase in net income on Tuesday. As the company is performing in line with our full-year expectations, we are maintaining our $25 fair value estimate. Sovereign's net interest margin dropped 22 basis points from the second quarter, and now stands at a dismal 2.64%. This ...

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