Wachovia Net Drops 10% on Mortgage, Loan Writedowns (Update2) (Bloomberg.com)

Story date: 2007-10-19 05:27:41
Added on: 2007-10-19 07:00:21

Oct. 19 (Bloomberg) -- Wachovia Corp., the bank that's spending more on acquisitions than its biggest competitors, reported earnings that missed analyst estimates after $1.3 billion in writedowns for mortgage-backed securities and loans for leveraged buyouts.


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