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Sovereign Bancorp SOV

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    1. Business Cycle Update: Global Dispersion Favors Advanced Economies

      Headlines

      Wed, 28 Aug 2013

      Sovereign SOV announced an increase in net income ..... maintaining our $25 fair value estimate. Sovereign 's net interest margin dropped 22 basis ..... much lower than the average bank. Sovereign will need to find a way to attract deposits

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

      Headlines

      Fri, 23 Aug 2013

      rating, we are not big fans of Sovereign Bancorp 's SOV management. Now, it looks ..... is in the air, as seven of Sovereign 's 12 board members have called ..... Santander owns nearly 25% of Sovereign , has two board seats, and

    3. The Hook

      Headlines

      Thu, 4 Apr 2013

      Sovereign Bancorp SOV announced a major overhaul of its securities ..... benefits will offset the temporary pain. Sovereign sold $3.85 billion, or 31%, of ..... free up capital to pay down debt. Sovereign reported that its divested securities

    4. BlackRock Sovereign Risk Index: Tales of Deterioration and Big Movers

      Headlines

      Thu, 23 Aug 2012

      investors with a framework for tracking sovereign credit risk. Drawing on a pool of financial data ..... descriptions, see “Introducing the BlackRock Sovereign Risk Index.” The BSRI’s inputs are updated at irregular intervals ..... of their respective owners. Lit. No. SOV -RISK-INDX-VI-0712 AC6242-0712

    5. Sovereign Names New CEO

      Commentary

      Tue, 30 Sep 2008

      drop in the market price of Sovereign Bancorp 's SOV shares, the company announced ..... previously worked with current Sovereign CFO Kirk Walters as CEO of Chittenden ..... number of positive changes at Sovereign , in our opinion, we think

    6. Changing Sovereign's Moat and Uncertainty Rating

      Commentary

      Mon, 29 Sep 2008

      After reviewing Sovereign Bancorp 's SOV history and its future prospects ..... credit crisis beginning in 2007, Sovereign embarked on a series of missteps ..... former CEO Jay Sidhu. However, Sovereign 's troubles were not over. A

    7. More Bad News for Sovereign

      Commentary

      Mon, 8 Sep 2008

      Freddie Mac FRE will likely take a toll on Sovereign Bancorp SOV in the coming quarter, due to Sovereign 's holdings of over $600 million in the ..... government in Fannie Mae and Freddie Mac bumped Sovereign further down in the capital structure

    8. Sovereign Bancorp's Profit Rises

      Commentary

      Thu, 24 Jul 2008

      Sovereign Bancorp SOV reported net income of $127.4 million ..... estimate unchanged. As a result of Sovereign 's retained earnings during the quarter ..... 4 billion common stock issuance, Sovereign 's Tier 1 capital ratio rose from

    9. Raising Sovereign's Uncertainty Rating

      Commentary

      Fri, 27 Jun 2008

      We are raising Sovereign Bancorp 's SOV fair value uncertainty rating to better reflect the risks currently facing the company. In our opinion, Sovereign 's home equity, Alt-A residential mortgage, and out-of

    10. Sovereign to Raise Capital

      Commentary

      Tue, 13 May 2008

      Sovereign Bancorp SOV announced that it plans to raise ..... approximately this size in our valuation of Sovereign . We are now lowering our fair value ..... of its 24.99% ownership stake. Sovereign has been on thin ice with respect to

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