Sovereign reports increased cash earnings for fourth quarter and 2000; net income down

PHILADELPHIA -- Sovereign Bancorp, Inc., parent company of Sovereign Bank, reported increased cash earnings for the fourth quarter and year 2000, but saw a drop in net income for both periods. The company reported cash earnings of $308.6 million for 2000, compared to $231.5 million last year. For the fourth quarter, cash earnings were $80.4…

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