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The South Financial Group Inc. (TSFG) [hlAlert]

up 3,062.50 %

South Financial Group Inc. (TSFG) rated Underweight with price target $8 by Lehman Brothers

Posted on: Tuesday,  May 6, 2008  8:25 AM ET by Lehman Brothers

Lehman Brothers rated Underweight The South Financial Group Inc. (NASDAQ: TSFG) on 05/06/2008. Previously Lehman Brothers rated Sell The South Financial Group Inc. (NASDAQ:
TSFG) on 10/23/2007., when the stock price was $20.24. Since then, The South Financial Group Inc. has lost 96.84% as of 09/30/2010's recent price of $0.64.
If you would have followed the previous Lehman Brothers's recommendation on TSFG, you would have gained 3062.5% of your investment in 1073 days.

The South Financial Group, Inc. (TSFG) is a bank holding company. TSFG operates principally through Carolina First Bank, a South Carolina-chartered commercial bank, which conducts banking operations in South Carolina and North Carolina (as Carolina First), in Florida (as Mercantile), and on the Internet (as Bank CaroLine). TSFG?s subsidiaries provide a range of financial services, including deposits, loans, treasury management, merchant processing, full-service brokerage and investments, business and personal insurance, trust, investment management, and financial planning. As of December 31, 2008, TSFG conducted business through 82 branch offices in South Carolina, 71 in Florida, and 27 in North Carolina. As of December 31, 2008, it had $13.6 billion in assets, $10.2 billion in loans, $9.4 billion in deposits, and $1.6 billion in shareholders? equity.

Lehman Brothers Holdings Inc. has filed for bankruptcy protection in the U.S.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/6/2008 8:25 AM Sell
6.89 8.00
as of 12/24/2008
1 Week up  8.62 %
1 Month down  -55.17 %
3 Months up  34.54 %
1 YTD up  58.33 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/4/2008 9:25 AM Sell
13.47 20.00
10/23/2007 9:25 AM Sell
20.24 22.00

(*) Stock Price at the time of the recommendation.
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