A Smart Looking S&L Gets The EyeBy
Sovereign Bancorp isn't one of your ordinary thrifts. Merrill Lynch bank analysts Jerry Gitt and Nancy Hazelrigg describe this Wyomissing (Pa.) savings and loan as "an excellent company, and certainly one of the more successful in the thrift industry." But they and most other analysts have posted a "hold" opinion on the stock because at 13 a share, it's trading at valuations much higher than other thrifts.
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