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Article: Weiss Ratings: Bank and Thrift Stocks Climb 12% in Fourth Quarter; Aerospace and Defense, Building Products, and Health Care Providers Report Strong Growth.
- Article from:
- Business Wire
- Article date:
- February 11, 2004
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Business Editors
JUPITER, Fla.--(BUSINESS WIRE)--Feb. 11, 2004
With the market continuing its upward trend, the stocks of bank and thrift companies rose during the fourth quarter, posting an average return of 12 percent, according to Weiss Ratings, Inc., the nation's leading independent provider of ratings and analyses of financial services companies, mutual funds, and stocks.
"Banks and thrifts are in the midst of a new round of consolidation," commented Melissa Gannon, vice president of Weiss Ratings, Inc. "The recent merger announcements are likely to put upward pressure on bank and thrift stock prices as investors anticipate likely takeover ...