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the consensus estimate of financial analysts for wachovia bank's quarterly earnings was profitable @ +$0.02 per share...

Posted by x (aka dmuck) Oct 22 '08, 04:40

"Wachovia reported arguably its most painful loss to date Wednesday, in what might be the bank's last quarterly results before it becomes a part of Wells Fargo.

The struggling Charlotte, N.C.-based bank, which agreed to be acquired by Wells Fargo earlier this month, reported a net loss of $23.9 billion, or $11.18 a share, which included a whopping $18.8 billion impairment charge related, in part, to the planned merger."

nice work, analyzers. you were only off by 11 bucks and change (money.cnn.com)

Responses:

They were actually thinking a bank that was teetering on insolvency was going to make a profit? - Will Hunting Oct 22, 04:46 1
- they must be related to those people who work at the bond rating agencies w/ aaa ratings on companies that collapsed...nm - x Oct 22, 04:54

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the consensus estimate of financial analysts for wachovia bank's quarterly earnings was profitable @ +$0.02 per share...

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