Hindsight Market

The Graveyard › 2009

Sovereign Bancorp

SOV · Banks · NYSE · in our data August 12, 1986 to January 29, 2009 (22.5 years)

The first trading day in our data for Sovereign Bancorp is August 12, 1986 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on February 20, 2007, the market valued it at $12.5 billion. It ended in a collapse: the last trade was $2.47, -90.5% from its split-adjusted high. The delisting record says: merged or acquired.

1986-082009-01
Peak market value$12.5 billionFebruary 20, 2007
Highest split-adjusted share price$26.08February 20, 2007
Last share price$2.47January 29, 2009
From its split-adjusted high to the end-90.5%
Return over the days in our data+174.0%with dividends, before the last trade
Worst single day-72.2%September 29, 2008

Share prices are adjusted for splits and other share changes, so the high and the last price compare like for like; the peak market value is as it was on the day. The return covers the trading days in our data only: it does not include what holders received, or lost, after the last trade (a merger payout, a bankruptcy), and it does not reach back before 1986. How these numbers are made · Report a data issue.

Could you have seen it coming? Play The Crash of '08

Also gone in 2009: Banks