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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Wells Fargo To Pay $4.5 Billion For Prudential JV Stake
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More banks see high bad-loan levels
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Wells Fargo to repay $25 bn to US
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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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U.S. Forfeiting Billions in Future Taxes So Citi Can Exit TARP
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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
News & Analysis
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wachovia corp. and zions bancorporation - All News and Analysis
Go for the Gold
Nicholas Jones submits: This past couple of weeks have felt like an eternity when it comes to noteworthy occurrences in financial markets. We’ve marked out 10th IndyMac and 11th FDIC bank rescue. As a result of the escalating number of troubled banks and diminishing value of the assets...
S&P 500 Financials - Best and Worst of the Week
Hickey and Walters Bespoke submit: While some Financial stocks have been dealing with their fair share of turmoil this week, the sector itself hasn't had that bad of a week. As shown in the chart below, while the sector has come in some this week, it's still well...
Chewing on the FDIC List of 'Problem' Banks
Edward Harrison submits: I was recently called out on missing the details of the FDIC's list of 117 'problem' banks. In a post on the OTS' agreement for regulatory supervision of Washington Mutual WM, I incorrectly stated that National City NCC was on that list and inferred that WaMu...
Lehman Brothers Take-over: Implications for Financials
Benjamin Mackovak submits: I thought it would be interesting to take a look at what a Lehman LEH take-over would imply for the valuation of financials. I ran a screen for financials with market caps above $900m that trade in the US and trade below current book value. I then...
Large Banks' Net Income History
Richard Shaw QVM Group submits: With all the talk and concern about falling bank earnings, we thought it might be useful to look back a few years to see year-by-year net income for large banks side-by-side. The chart below presents the 24 banks of the KBW large bank...
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Industry Transcripts by Seeking Alpha
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Paychex Inc. F2Q10 (Qtr End 11/30/09) Earnings Call Transcript
on Dec 17, 2009about PAYX
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on Dec 17, 2009about DFS
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VeriFone Holdings, Inc. F4Q09 (Qtr End 10/31/09) Earnings Call Transcript
on Dec 14, 2009about PAY
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H&R Block, Inc. F2Q10 (Qtr End 10/31/09) Earnings Call and Investment Community Conference Transcript
on Dec 08, 2009about HRB
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Navios Maritime Holdings Inc. Q3 2009 Earnings Call Transcript
on Nov 18, 2009about NM
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