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Ticker Summary (WB)

0.00+0.00 (+0.00%)
Open N/A
High N/A
Low N/A
Volume N/A
Market Cap N/A
52 Week High N/A
52 Week Low N/A
P/E N/A
F P/E N/A
EPS N/A
Dividend N/A
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1 Year Target N/A

WB 0.00 0.00%

Wachovia Drops to Lowest Since 1992 (uk.reuters.com)

Shares of Wachovia dropped to their lowest point since 1992 on news that the bank may need to cut their dividend a second time. Also an option ARM specialist reported that the bank's percentage of nonperforming assets rose to 14.33 percent of its overall assets drastically up from 1.3 percent a year prior. Nonperforming assets are loans, which the bank is no longer receiving payments.

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2 years 271 days ago by Tim

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