Sovereign Bancorp is among the world’s largest Thrifts and Mortgage Finance sector businesses in the world. Sovereign Bancorp’s employees generate $43.6M in profits on $1.602B of revenue. Global output in the Thrifts and Mortgage Finance business will likely rise substantially over the next 10 years. Long-term economic growth may lift all boats, but Sovereign Bancorp is determined to remain a market leader. Sectoral leadership in the Thrifts and Mortgage Finance segment takes dedication and consistency, but management seeks out-sized growth.
Sovereign Bancorp’s ticker symbol SOV has recently been trading near $21.51 a share. The Sovereign Bancorp corporate headquarters in Philadelphia PA predicts Thrifts and Mortgage Finance profits will satisfy shareholders in search of risk-appropriate returns.
The significance of market volume is sometimes ignored, but with a total market capitalization of $10.259B ensures sufficient liquidity. With a beta of 0.71, the company is less volatile than the market as a whole. When the average equity moves lower, Sovereign Bancorp moves less aggressively.
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