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

down 20.46 %

South Financial Group Inc. (the) (TSFG ) downgraded to Underweight by BB&T Capital Mkts

Posted on: Thursday,  Jan 28, 2010  11:25 AM ET by BB&T Capital Mkts

BB&T Capital Mkts rated Underweight The South Financial Group Inc. (NASDAQ: TSFG) on 01/28/2010, when the stock price was $0.51.
Since then, The South Financial Group Inc. has gained 25.74% as of 09/30/2010's recent price of $0.64.
If you would have followed this BB&T Capital Mkts's recommendation on TSFG, you would have lost 20.46% of your investment in 245 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.

BB&T Capital Markets is dedicated to delivering world-class corporate banking, investment banking, and capital markets solutions to commercial clients, corporate clients, and government entities. Our customer focus and team approach, combined with the fast-growing strength and national recognition of BB&T, equip us to build lasting relationships and contribute significantly to the long-term success of each client.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/28/2010 11:25 AM Sell
as of 12/31/2010
1 Week   
1 Month   
3 Months up  80.68 %
1 YTD up  44.20 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/24/2008 10:25 AM Hold
4/24/2008 1:25 PM Sell

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