Scritto il 27/03/2019 alle ore 19.11
fourth-quarter net income declined sharply to $51 million, or 3 cents a share, from $2.3 billion, or $1.20 a share in the year-ago period. “Lower earnings largely reflect the effect of continued disruption in the capital markets,” the Charlotte, N.C. lender said. Wachovia reported net valuation losses of $1.7 billion as well as a provision for credit losses of $1.5 billion, which exceeded net charge-offs by $1 billion. Analysts expected Wachovia to earn 33 cents a share, on average. |