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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The Next 2 Dividend Blowups?
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BofA's Repayment May Cause Others to Follow
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Wells will rebrand Wachovia
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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
News & Analysis
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financial and wachovia corp. - All News and Analysis
Paulson Was Willling to Consider Anything to Save Goldman
Adam K White submits: Andrew Ross Sorkin is releasing excerpts from his new book “Too Big To Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System—and Themselves” in this month’s Vanity Fair magazine. I am looking forward to reading...
Sheila Bair's Citi Focused Summer
Matthew Goldstein submits: Sheila Bair and Dick Parsons may not be best friends, but they certainly spent a lot of time together this summer. Federal Deposit Insurance Corp. head Bair and the Citigroup C chairman met or spoke on the phone on at least five occasions during...
Will All Be Well at Wells Fargo?
Todd Sullivan submits: I am slowly turning from wanting to unload my Wells Fargo WFC position to just sitting back and keeping it. Here is the Wells Fargo 2008 annual Report to shareholders:Wells Fargo Annual Report by Todd Sullivan
Wells Fargo: Signs of Stress?
Dividends4Life submits: I thought Bank of America BAC was strong enough to survive without cutting its dividend. It was better managed than Citigroup C and wasn’t in nearly the dire straits that C was in when it was forced to cut its dividend. This all changed with the announced...
The Wells Fargo/Wachovia Story from 1994 to 2012
Joe Ponzio submits: So, I bought a bank. I know...I know. I said I wouldn't. Then again, that was a year or two ago, when I couldn't understand what the hell these guys were doing to make money. CDOs. Sub-prime mortgages. I would try to read the annual reports,...
Wells Fargo & Company Q4 2008 Earnings Call Transcript
Earnings Call Excerpt Wells Fargo & Company WFC Q4 2008 Earnings Call January 28, 2008 8:30 am ET Executives Bob Strickland – Director, Investor Relations Howard Atkins - Chief Financial Officer, Senior Executive Vice President John Stumpf – President, Chief Executive Officer Presentation Bob Strickland ...
Charlotte's Serial Dilutors Finally Hit a Wall
Vernon Hill submits: What is it about Charlotte, N.C., that induces banking executives there to relentlessly dilute their poor, suffering shareholders and pulverize their holdings by embarking on one misbegotten acquisition after another? ...
Financial Roundup: Prudential to Sell Wachovia Share, Credit Suisse Takes Hit, Money Available for Private Equity, Some Credit Thawing
Prudential to sell Wachovia share -- Prudential Financial is expected to sell to Wells Fargo & Co. its $3.7 billion share of Wachovia, which is being bought by Wells. Meanwhile, Prudential is said to be interested in buying AIG's life insurance business in Japan. [Source: MoneyCNN.com] Credit Suisse takes...
AIG CEO Edward Liddy?s Optimistic Journey
Michael Steinberg submits: Could American International Group AIG be as great a buy at $2 as Wachovia WB was? The market certainly has shown little faith this morning in the Federal Reserve’s new plan for AIG. AIG will be selling $40B perpetual preferred to the TARP at a 10% dividend...
Moore stands by his bailout vote
By Tim Carpenter THE CAPITAL-JOURNAL OVERLAND PARK -- Rep. Dennis Moore faced the most personally tumultuous vote of his 10-year career in the U.S. Congress. The controversial $700 billion financial recovery plan up for a vote in the House had been endorsed by Republican...
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