Wachovia Net Drops 10% on Mortgage, Loan Writedowns (Update8)

Story date: 2007-10-19 01:09:00
Added on: 2007-10-19 17:45:57

Bloomberg - Oct. 19 (Bloomberg) -- Wachovia Corp. reported its first earnings decline in six years and missed analysts' estimates after a record $1.3 billion of writedowns for bad loans and mortgage-backed securities. Net income fell 10 percent at the nation's ...


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