HOME ZACKS RESEARCH FUNDS PORTFOLIO BROKER RESEARCH MARKETS SCREENING VIDEO EDUCATION SERVICES
View All | Scroll Down Scroll Up
Quote:
Login Free Membership
Search:

Tale of the Tape  

Wachovia Loses Almost $24 Billion in Q3

Share
October 22, 2008 |Comments: 0
Recommended this article (0)
WB

Wachovia Corp. (WB) said on Wednesday it incurred a loss of $24 billion in its third quarter. The company had met a goodwill impairment charge of almost $18.7 billion, which impacted the earnings report. Excluding the impairment charge, the company lost about $4.8 billion. Wachovia also stated that its acquisition by Wells Fargo is expected to close in the fourth quarter.

WB now expects to lose about $26.1 billion in its loan portfolio.

Shares are down by more than 3% this afternoon.

Read the full analyst report on WB

 
Add a Comment

Please login or register to post a comment

Email
Print
Share
Rate Pos
Rate Neg
Comment

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

More Zacks Links

Market Summary Feb 10, 2012 18:22 pm ET
DJIA 12801.23  -89.23 -0.69%
NASD 2903.88  -23.35 -0.80%
S&P 500 1342.64  -9.31 -0.69%
Partner Center

Top Zacks Features

Free Membership
Zacks Rank
Equity Research
Portfolio Tracker
Screening
Profit Tracks
Mutual Funds
Options
Zacks Video
Education
RSS Feed
Profit from the Pros

Subscription Services

Product Guide
Method for Trading
Chart Patterns Trader
Insider Trader
Options Trader
Reitmeister Alert
Small Cap Trader
Turnaround Trader
Whisper Trader
Home Run Investor
Top 10 Stocks
Research Wizard
Zacks Premium
People & Picks
Zacks.com: About Zacks | Education | Advertise | Affiliate | Media | Careers | Contact Us | Services | Help | Disclaimer | Privacy Policy | Sitemap

Copyright 2011 Zacks Investment Research

Zacks Investment Research is one of the most highly regarded firms in the investment industry. The guiding principle behind our work is that there must be a good reason for brokerage firms to spend billions of dollars a year on stock research. Obviously, these investment experts know something special that may be indicative of the future direction of stock prices. From day one, we were determined to unlock that secret knowledge and make it available to our clients to help them improve their investment results.

NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.