BNET Industries

Last Fiscal Year Sales:$56.6B
- Private
- US
Dow Jones Description
Wachovia is a diversified financial services company that provides a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services. We are one of the largest providers of financial services in the United States, with retail and commercial banking operations in 21 states from Connecticut to Florida and west to Texas and California, and nationwide retail brokerage, mortgage lending and auto finance businesses. Our retail brokerage operations under the Wachovia Securities brand name manage client assets through offices nationwide. Globally, clients are served in selected corporate and institutional sectors and through more than 40 international offices. On December 31, 2008, Wells Fargo acquired Wachovia Corporation, creating the nation?s premier coast-to-coast financial services franchise.
Number of Employees 121,890
Contact Information
301 South College Street
Suite 4000
Charlotte, North Carolina 28288-0013
704-374-6565
Peer Companies
NAICS Code Commercial Banking: 522110
Recent Events
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Thousands of Dollars Donated to Assist Fort Hood Families in the Wake of Tragedy
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CBandT maintains iron grip on local banking market: But competition heating up with Wells Fargo...
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Expert says prognosis is iffy for area real estate in 2010: Crescent CEO, speaking at...
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Evergreen Fixed Income Fund Portfolio Management Changes
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BNY Mellon's Kelly Tells BofA No
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Charlotte mayor candidates agree: It's the economy
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Banks see big profits from overdraft fees
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Regional Briefs: PTA president charged in theft of $6,294 from organization
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Wells Fargo adds 3 bankers to public finance arm
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UPDATE: Bad Loans Rise, But Bankers Trumpet Slowing Growth
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27 comments
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Mattel earnings fall; economy takes toll on Barbie
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EROC
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Wells Fargo Targets 20% U.S. Emissions Cut
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Wells Fargo EF Names Hobbs Vice President
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Private banker leaves First Market, joins Wells Fargo
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Report: TARP Funds Oddly Dispersed
News & Analysis
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acquisition and wachovia corp. - All News and Analysis
Wachovia Brokers' Agita Grows After Wells Fargo Acquisition
Wells Fargo and Wachovia are now one, or so trumpets a new prime-time commercial spot. Though the merger is consummated and there’s talk of a new official brand name for the company's newly combined financial-advisor practice possibly to be called Wells Fargo Investments, roughly 20,000 Wachovia reps are getting anxious...
Johnson & Johnson Q4 2008 Earnings Call Transcript
Question-and-Answer SessionLarry Biegelsen – Wachovia On the Pharma side many of your competitors have reevaluated their strategy in this difficult environment, could you by focusing for example on specialty markets or certain therapeutic categories could you articulate J&J’s strategy in the Pharmaceutical business? Second in services the other area...
Key Technology, Inc. F4Q08 (Qtr End 09/30/08) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Manny Reiser - Wachovia Securities. Manny Reiser - Wachovia Securities David, you started off by talking about what our stock price was. I guess it was in June when we were in the high 30s and where we are...
Valeant Pharmaceuticals International Q3 2008 Earnings Call Transcript
Question-and-Answer Session Operator (Operator instructions.) Our first question comes from Michael Tong of Wachovia; your line is open. Michael Tong - Wachovia Capital Hi, good morning. Just a more philosophical question if you could, Mike. I have heard a lot of companies talk about preserving...
Wells Fargo Acquisition of Wachovia Conference Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Matthew O’Connor – UBS Securities. Matthew O’Connor – UBS Securities Just to clarify, on page 11, the $74 billion of accumulative losses and markets value adjustments, that’s a pre-tax number, correct? Howard I. Atkins Correct. Matthew...
Credit Suisse Securities and Wachovia Capital Markets LLC Confirm Commitment to Debt Financing for JDA Software's Pending Acquisition of i2 Technologies
Wells Fargo Foothill Joins Syndicate SCOTTSDALE, Ariz. -- JDA([R]) Software Group, Inc. (NASDAQ: JDAS) today announced that Wells Fargo Foothill has recently joined the financing syndicate, led by Credit Suisse, taking a sizable hold position. JDA will host a bank meeting for the syndication of the debt in early...
The vertical-integration strategy: as we enter 2007, the industry comes off a year that saw Wall Street dive ever more deeply into the harvesting of profits from the mortgage sector. This article sums up all the major deals, as well as the factors driving
In 1997, a group of bankers from New York-based Lehman Brothers Inc.'s mortgage trading desk landed at the small airport in Scottsbluff, Nebraska, and drove past the cornfields and sugar-beet processing plant en route to a former truck terminal converted to a mortgage servicing call center. The company they were...
Equity Office Strengthens Southern Florida Portfolio with Acquisitions of Wachovia Financial Center and 1221 Brickell in Miami
CHICAGO -- Equity Office (NYSE:EOP) announced two acquisitions today in Southern Florida - a 50% interest in Wachovia Financial Center for $194 million, and a 50% interest of 1221 Brickell Avenue for approximately $55.8 million.
Does Wachovia acquisition exploit a loophole?
As early as this month, Wachovia Corp. could close a deal that reportedly unveiled a legal loophole in the 1994 Riegle-Neal Interstate Banking Act, a federal act that prohibits bank holding companies from obtaining more than 10 percent of U.S. deposits byAs early as this month, Wachovia Corp. could close...
European Companies Merge at Record Pace
Europe's utilities, phone companies and banks are increasingly finding themselves to be the targets of takeovers, with mergers and acquisitions in the region running at a record pace and surpassing the level in the United States so far this year. European-targeted announced M&A activity for the year to date on...
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