Sovereign Bancorp ( SVRN ) Message Board

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Non-Tech : Sovereign Bancorp ( SVRN )

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To: zepper who wrote (135)	1/11/2000 10:39:00 PM
From: Nicholas P. Acquaviva Jr.	Read Replies (1) of 143

On October 20, 1999 Janney Montgomery Scott analyst Claire Percarpio issued a 1 page Company Report on Sovereign Bancorp, Inc. Report highlights: 'The company reported 3Q99 EPS of $0.31, up 14.8% over last year. Results were driven by strong loan growth, particularly commercial loans. An ACCUMULATE rating was maintained with a 12-month price target of $14 per share. The acquisition of 268 FleetBoston branches is faced with high execution risk, but it will be several months before it can be measured properly.' justquotes.com book value is $7.98 for the last 12 months. Consensus for earnings in 2000 is $1.29 justquotes.com vectorvest.com SVRN has a Value of $11 per share given by Vector Vest SVRN has well above average safety with well above average upside potential. It reflects a stock which is likely to give well above average, quite consistent returns over the long term. Insiders report looks like a lot of buying justquotes.com I keep hoping that it is a good investment. The banking sector has been down and this year should be in vogue. good luck

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