Commonwealth Bankshares, Inc. (NASDAQ:CWBS)
CAPS Rating:
A holding company, which conducts mortgage funding services through its wholly owned subsidiary Bank of the Commonwealth.
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A holding company, which conducts mortgage funding services through its wholly owned subsidiary Bank of the Commonwealth.
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Maybe it's time for bank stocks to bottom out. This company had 10% earnings growth over 2006 and has added additional branches. Margins have increased with bank rate reductions and 2008 should be a good year if loan losses do not increase substantionally.