Wachovia (WB) Down Another 8%, Below $15/Share
More News related to CMA
- Comerica Bank Lowers Prime Rate
- Cream Minerals Announces Executive Appointments
- Comerica Bank Introduces Health Savings Account
- Peter D. Cummings Resigns From Comerica Incorporated Board Of Directors
- Economic Outlook for State, Nation and the Impact of the Presidential Election are Topics of Comerica Bank Economic Events in South Florida
More News related to MI
- Sandler O'Neill Downgrades Marshall & Ilsley (MI) to Sell
- Marshall & Ilsley Corporation to Release Third Quarter Results on Wednesday, October 15
- Unusual 11 Mid-Day Movers 9/22: SIL, SSN, PDO, AIG Higher; AGM, ANPI, GNW, MI Lower
- Keefe, Bruyette and Woods Downgrades Marshall & Ilsley (MI) to Underperform
- Marshall & Ilsley Corporation to Present at the Lehman Brothers Global Financial Services Conference
More News related to WB
- Investors With Losses in Large Concentrated Positions Should Consider Their Legal Options, Announces The Securities Law Firm of Klayman & Toskes
- Pomerantz Haudek Block Grossman & Gross LLP Reminds Series T, Preferred Stock Shareholders of Fannie Mae of Upcoming Lead Plaintiff Deadline -- MER, C, MS, UBS, WB
- Gainey & Mckenna Commences Class Action On Behalf of American International Group, Inc. 7.70% Series A5 Junior Subordinated Debentures Investors -- AVF, AIG
- Investors Suffering Stock Market Losses as a Result of Holding Over-Concentrated Positions May Have Claims Against Their Brokers; The Law Firm of Stein, Rosenberg & Stein, P.A. is Investigating
- Wachovia Notice Regarding Wells Fargo Transaction
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Shares of Wachovia (NYSE: WB) are down another 8% today, to $14.97, a new multi-year low.
There are a number of negative headlines and rumors hurting the stock today:
- Reports from the New York Post, Wachovia may have to buy back Prudential's stake in their joint retail brokerage venture.
- Analysts at Fox-Pitt Kelton said the dividends at Wachovia, Comerica (NYSE: CMA) and Marshall & Ilsley (NYSE: MI) are most at risk.
- Rumors of a take-under.
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