Introduction
Wachovia Corporation (Wachovia) is a diversified financial services provider. It provides commercial and retail banking, mortgage banking, investment banking, investment advisory, asset management, leasing, insurance, retirement services, and securities brokerage services. This profile offers a comprehensive review of Wachovia's operations and performance.
Scope
Contains corporate strategy, value chain presence and SWOT Analysis Provides detailed business description, segment analysis, 5-year financial trends, key products and key competitors Includes information on suppliers/ partners, shareholding structure and key employees with biographies
Highlights
Wachovia is the fourth largest bank in the US in terms of assets. It is also ranked fourth in the US in terms of deposits. Wachovia is the leading bank in the Southeast region of the US and is one of the top five banks in Western region of the US. The company is led by G. Kennedy Thompson, currently its Chairman, President and Chief Executive Officer. Mr. Thompson has been instrumental in the company's strong performance in recent years. There is, however, more to Wachovia's management than Mr. Thompson alone. The company also has a strong line up of senior officers. Wachovia focuses on growing through acquisitions. It developed skills in identifying acquisition targets, acquiring them and integrating them into its operations. Its acquisitions in past few years have focused on banking business, but its proposed acquisition of AG Edwards marks a shift in its strategy from interest to non-interest based business.
Reasons to Purchase
Access all the important information and analysis on the company in a single report Understand company's strengths, weaknesses, opportunities and threats along with business strategy and value chain Gain access to company's adjusted five year financial data along with key ratios and market capitalization.
Report Highlights
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