Comments

Ticker Summary (WB)

5.27+0.00 (+0.00%)
Open N/A
High N/A
Low N/A
Volume N/A
Market Cap N/A
52 Week High 45.43
52 Week Low 0.75
P/E N/A
F P/E N/A
EPS N/A
Dividend 1.70
Yield 32.35%
1 Year Target 7.36

WB 5.27 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.

Negative Impact Positive Impact +2 | Circulate

Del.icio.us Digg Reddit StumbleUpon NewsVine

1 year 20 days ago by Tim

Submit comment

Please sign in or register to leave a comment.