It is managing to pull off the Wachovia transaction with the assistance of federal regulators.
In recent days Wachovia has talked to a number of suitors while time was running out.
Wachovia said troubled loans in the Golden West portfolio deteriorated more quickly than expected.
Robert Steel, president and CEO of Wachovia, struck a similar chord in a press release.
But there's a heartening turnaround in progress, says Ghansham Panjabi, an analyst at Wachovia.
Wachovia and Thompson have certainly gathered their share of critics in the last year.
Wachovia is now seen as takeover bait where it was once viewed as a survivor.
The week before, de Bonvoisin spoke to 100 Wachovia managers in Pittsburgh about navigating change.
Wachovia was willing to play ball but only after charging several points up front.
FORBES: Buying a First House in the Midst of a Financial Crisis
Wachovia Securities analyst Jeff Omohundro gave a nod to salads in a recent research note.
While this doesn't directly dilute shareholders, it does decrease their overall claim on Wachovia assets.
"Goldman Sachs was a clear winner in 2007, " writes Wachovia Securities analyst Douglas Sipkin.
Wachovia also reserves the right to cancel your card at any time without informing you.
Kennedy Thompson (that would be the same Ken Thompson who ran Wachovia into the ground).
And as an example, Wachovia, which was, I put a sell rating on Wachovia in July.
The money trail to First Union, now part of Wachovia, crossed three continents, says the complaint.
Wachovia Senior Economist Mark Vitner says that growth has kept demand for housing high.
He is due back in action at the Wachovia Championship in two weeks' time.
Citi already had both and shared many of the same retail markets with Wachovia.
Signs of friction between Citi and Wachovia popped up earlier this week, though without much notice.
In addition to Wachovia, it was seen as a possible suitor for SunTrust Banks of Atlanta.
Citigroup responded by demanding Wachovia call off the deal, arguing that it breached its exclusivity agreement.
With the acquisition of Wachovia, Wells Fargo will now have access to newer households.
It advised Wachovia on its loan portfolio and helped it raise the capital in April.
Wachovia is cleaning house, but housing remains the key to its horrible financial results.
First, in the long run they can compete with big commercial banks like Wachovia.
But Wachovia had been warned, as all banks were starting in 1996, about the exchange house problem.
More bad news for the likes of Wachovia, Citigroup, Merrill Lynch, Morgan Stanley, Lazard, UBS and others.
Citi, which has been providing liquidity support to Wachovia all week, is sounding ready for a fight.
Wall Street analysts had been expecting Wachovia to earn 15 cents a share, according to TradeTheNews.com.
应用推荐