The woes that have halved the share price of its larger rival, Citigroup, have diverted attention away from the dismal performance of Wachovia’s stock. But of the four largest U.S. banks — Citi, J.P. Morgan Chase, BofA and Wachovia — …
The surprise announcement early Friday by Wachovia Corp. that it had agreed to be acquired by San Francisco-based Wells Fargo & Co. in the all-stock deal — without government assistance — upended what had appeared to be a …
Unsolicited $14.7B offer could trump First Union's already accepted bid NEW YORK (CNNfn) - SunTrust Banks Inc. Monday launched an unsolicited $14.7 billion all-stock bid for rival southern bank Wachovia Corp., in a move that could …
Revenue growth of 20% to $8.69b topped analysts' average estimate of $8.4b. Although Wachovia's stock has struggled on concerns of mortgage market weakness related to its Golden West Financial takeover last year, the latter boosted …
NEW YORK (AP) -- In an abrupt change of course, Wachovia said Friday it agreed to be acquired by San Francisco-based Wells Fargo & Co. in a $15.1 billion all-stock deal, trumping rival suitor Citigroup's plan to acquire Wachovia's banking …
Say goodbye to Republic Security Bank. On Monday, the West Palm Beach institution said it would be sold to Wachovia Bank for $344 million in stock. Republic Security, with assets of $3.4 billion and 99 branches, was the largest …
Wachovia on Tuesday reported a $8.9 billion loss for the second quarter and slashed its stock dividend to 5 cents per share from 37.5 cents, as the giant lender continued to suffer from the crisis in the credit markets and the hangover …
Bank of America, Wachovia (which Wells Fargo acquired), BB&T and SunTrust ... net income increased 108 percent and its stock price went up 103 percent. …
Wachovia's stock fell to a 17-year low yesterday after an analyst warned that the commercial bank, which holds more deposits than any other in the Washington region, will face two years of losses arising from the credit crisis and a …
First Union acquired Wachovia, but the companies decided to use Wachovia as the name for the combined company. As a result, the stock that used to trade as First Union is now called Wachovia and is traded under Wachovia's ticker …