Wachovia, other banks post dismal results - Reuters

Story date: 2008-07-22 08:38:00
Added on: 2008-07-23 06:09:28

NEW YORK (Reuters) - Wachovia Corp led several large U.S. banks in posting weak second-quarter results on Tuesday, as soaring losses from mortgages and other debt led to large write-downs. The loss for Wachovia totaled $8.86 billion. Two Ohio-based ...


Read more...

Related Stories:

• Wall Street banks on course for heady profits, despite setbacks

  International Herald Tribune - ... and Wachovia, three of the four biggest U.S. banks, all reported Friday that fourth-quarter results would...
  2007-11-13 12:34:00

• Wachovia loses $8.9 billion, cuts workers, dividend (The Fayetteville Observer)

  CHARLOTTE — Wachovia Corp. reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street’s hopes that the nation’s big banks are weathering...
  2008-07-22 08:38:57

• Amex, Wachovia, Wells downgraded on loan worries

  Guardian Unlimited - He wrote that home prices are falling much faster than expected in California, where the fourth- and fifth-largest U.S....
  2008-02-04 11:56:00

• Earnings Preview: Wachovia 2Q results - Boston Globe

  CHARLOTTE, N.C.— Wachovia Corp. reports second-quarter financial results on Tuesday. The following is a summary of key developments and analyst opinion related...
  2008-07-21 04:14:00

• (AFX UK Focus) 2008-10-21 15:40 STOCKS NEWS EUROPE-Glaxo, Danone, Wachovia results eyed on Wed (Interactive Investor)

  Oct 21 (Reuters) - STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News...
  2008-10-21 10:05:22

• Fed rate cut signals worry on economy

  Philadelphia Daily News - WASHINGTON - The Federal Reserve delivered a surprisingly large half-point cut to its benchmark interest rate yesterday, sending...
  2007-09-19 07:47:00

• After Wachovia, WaMu Shuffles, Who's Next? (TheStreet.com)

  While speculation is rampant after the two banks upended their management ranks, there are no readily apparent changes among executives at other...
  2008-06-03 04:10:32

• Does large mortgage lender put Wachovia in jeopardy? (Bridgewater Courier News)

  CHARLOTTE, N.C. (AP) … Wall Street is still not convinced that Wachovia Corp.'s $24 billion purchase last year of one of the...
  2007-08-23 07:07:12