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W Holding Climbing In Step With Banks.(B)(NYSE STOCKS IN THE NEWS)
Byline: Jonah Keri
Regional banks have remained a lonely pocket of strength in a nasty market the last 2 1/2 years. W Holding Co. has surfed that wave, rising more than threefold from December 2000 to August of last year. The stock has since formed a 7 1/2-month base. It found support at its 200-day moving average in January and now treads above its 50-day, 7% off its high. The parent company of WesternBank Puerto Rico has posted accelerating revenue growth the last four quarters, from 3% to 25%. Profit has picked up in the last three quarters, from 15% to 48%. In the last eight weeks, the …
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- W Holding Climbing In Step With Banks.(B)
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