Meanwhile, Wells Fargo stock has proven steady (with a few dips here and there ... crisis to make one of the best bank acquisitions in history with their purchase of Wachovia at a bargain price." It hasn't been entirely rosy for Wells Fargo, at least ...
Yahoo Finance · 7/24/2015
Wachovia and other administrators of the Wachovia Employee Savings or 401(k ... the assets of the Plans prudently and loyally by investing the assets in Company stock when it was no longer a prudent investment for participants' retirement savings.
Lawyers and Settlements · 7/17/2008
VRP is composed of 91 preferred stocks that cover six sectors. The financials make up the majority of the portfolio at 87 percent, with energy coming in at 5 percent. The top holdings include: Wachovia Capital Trust III at 3.9 percent Citigroup Capital ...
Benzinga · 4/8/2015
Investigators at the Securities and Exchange Commission are probing stock purchases made by First Union and Wachovia, the financial-services companies that merged two years ago. According to Wachovia’s management, the commission is looking …
CFO · 4/2/2003
While Wachovia claimed a net worth of $50 billion dollars at the ... Second, it serves as a reminder of the obvious point that the shrewdest investors buy bank stocks when they're selling cheap -- that is, for a discount to book value.
NASDAQ · 7/31/2015
Other asset management firms also sold huge blocks of BP stock in the first quarter — but their sales were a fraction of Goldman’s. Wachovia, which is owned by Wells Fargo, sold 2,667,419 shares; UBS, the Swiss bank, sold 2,125,566 shares. Wachovia
Raw Story · 6/2/2010
On September 15, Cramer had Steel on the show and later advised viewers to buy Wachovia stock. Watch: Monday, Cramer said he "screwed up" because he "wasn't skeptical enough," admitting, "I let my judgment of Steel cloud my thinking about Wachovia."
The Huffington Post · 5/25/2011
In October 2008, the plaintiff filed a class action suit on behalf of Wachovia common stock shareholders that challenged the merger and alleged breach of fiduciary duty against Wachovia, its Board of Directors and Wells Fargo. Plaintiff later amended the ... · 10/28/2015
While investors in other bank stocks are pulling a Kermit The Frog and ... George added that as a result of Wells Fargo's crisis era acquisition of Wachovia, the bank can generate superior returns because its "deposit franchise is now one of the largest ...
CNN Money · ByPaul R. La · 5/21/2014
and he had immediately bought one million shares of Wachovia's stock as a show of faith in the bank and himself. He gently shook his head. "Jim, we have a great future as an independent company," he said, before adding that he would do whatever was in …
American Banker Online · ByJeff Horwitz · 10/13/2009


Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo in 2008, …
Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo in 2008, Wachovia was the fourth-largest bank holding company in the United States based on total assets. Wachovia provided a broad range of banking, asset management, wealth management, and corporate and investment banking products and services. At its height, it was one of the largest providers of financial services in the United States, operating financial centers in 21 states and Washington, D.C., with locations from Connecticut to Florida and west to California. Wachovia provided global services through more than 40 offices around the world. The purchase of Wachovia by Wells Fargo and Company was completed on December 31, 2008. Wells Fargo acquired Wachovia after a government-forced sale to avoid a failure of Wachovia.
  • Founded: Jun 16, 1879
  • Ceased operation: 2008
  • Headquarters: Charlotte, NC
Data from: Wikipedia