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Thu, 24 Jul 2008
Sovereign 2Q profit falls 13.57% to $127.44M
PHILADELPHIA – Sovereign Bancorp Inc., the parent company of Sovereign Bank, reported a first-quarter profit of $127.44 million, a 13.57-percent decline from the year-ago $147.45 million, on revenue that fell 9.08 percent to $1.21 billion. “Given the challenging operating environment, I am pleased with our results,” said President and CEO Joseph P. Campanelli.
Read more here
posted at: 12:00am on 24-Jul-2008
path: /Rhode_Island_USA | permalink
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