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Jersey Bank's Group Rises To Top Of List.(B)(NYSE STOCKS IN THE NEWS)
Byline: Craig Shaw
Commerce Bancorp may be adding a handle to its three-month base. Volume has dried up nicely in the handle. The New Jersey bank's stock has doubled since its June 2000 breakout, clearing several consolidations along the way.
Commerce's Banks-Northeast group has climbed all the way to No. 2 of IBD's 197 industries. Commerce leads the group in Overall Rank, available from IBD Stock Checkup at investors.com.
Earnings and revenue have grown by double digits for at least the last 10 quarters, according to First Call. Profit is seen gaining 32% in fiscal 2002 and 18% the next year. Return on equity last year ...
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