Is this really interesting: Wachovia News

Wachovia provides a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services to customers through 3,300 retail financial centers in 21 states from Connecticut to Florida and west to Texas and California, and nationwide retail brokerage, mortgage lending and auto finance businesses.

Wachovia Corporation reported operating earnings of $1.32 per diluted share for the third quarter of 2000, up 3.9 percent from $1.27 per diluted share a year earlier.

“After taking Headhunter.net public, we were pleased to act as the company’s exclusive advisor for this important transaction,” said Bruce Kelleher, director in First Union Securities’ Technology Investment Banking Group.

While solid underlying performance was overshadowed by market disruption-related valuation losses of $2.0 billion, Wachovia generated total revenue of $7.9 billion on higher loans and deposits and strength in fiduciary and asset management fees, brokerage commissions and traditional banking fees, including the impact of the A.G. Edwards acquisition.

These results, which reflect higher credit costs and the continued disruption in the capital markets, compared with earnings of $2.30 billion, or $1.20 per share, in the first quarter of 2007.

The earnings contribution generated by its high-performing banking and retail securities businesses would increase to 75 percent of Wachovia’s total earnings, based on March 31, 2004, pro forma earnings.

First Union Securities has been an important financial partner to Headhunter.net since our IPO last year.

Whether you’re an individual seeking information about recent Wachovia announcements, or a member of the media looking for our latest press kit, the News Room is your source for Wachovia news releases and more.

The net yield on interest earning assets declined from 4.29 percent for third quarter 1999 to 4.09 percent for third quarter 2000 as a result of securitization transactions, interest reversals on nonperforming loans and interest rate spread compression.

Wachovia Changes its Fourth Quarter Earnings Call Time to 8:00 a.m.

The company operates full-service banking offices in 12 East Coast states and Washington, D.C., full-service brokerage offices in 41 states and international offices worldwide.

Wachovia Corporation is one of the nation’s largest diversified financial services companies, with assets of $808.9 billion and market capitalization of $53.8 billion at March 31, 2008.

You will also be able to obtain these documents, free of charge, at www.wachovia.com under the tab “Inside Wachovia Investor Relations” and then under the heading “Financial Reports SEC Filings”.

Wachovia believes these non-GAAP financial measures provide information useful to investors in understanding the underlying operational performance of the company, its business and performance trends and facilitates comparisons with the performance of others in the financial services industry.

CHARLOTTE-First Union Securities recently acted as buyside advisor to Headhunter.net on the purchase of CareerMosaic, a subsidiary of Omnicom.

Operating net income increased 3.6 percent to $270.2 million from $260.9 million a year earlier and represented returns of 18.16 percent on equity and 1.55 percent on assets.

CHARLOTTE, NC – Wachovia Corp. today announced new and enhanced community partnerships to benefit African-Americans.

With combined assets of $464 billion and combined market capitalization of $76 billion, the financial holding company is the nation’s fourth largest based on assets.

First Union Securities’ Technology Investment Banking Group is one of the largest focused exclusively on emerging Internet companies, and the leading underwriter in the Internet Professional Services space.

The live conference call will be available at 913-981-4911.

Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve 13 million household and business relationships primarily through 3,126 offices in 15 states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, also serves clients through 699 offices in 49 states and five Latin American countries.

“This transaction gives us clear leadership in a number of attractive, high-growth states, and extends our reach into new southeastern and southwestern states,” said Ken Thompson, Wachovia’s chairman, president and CEO.

These groundbreaking national partnerships focus on three key areas: preserving and promoting African-American history and culture; enhancing educational opportunities for African-Americans; and fostering economic opportunity for African-Americans.

Operating earnings exclude nonrecurring charges, principally for merger integration and resource realignment.

Wachovia Corporation is one of the largest providers of financial services to retail, brokerage and corporate customers, with retail operations from Connecticut to Florida and west to Texas, and retail brokerage operations nationwide.

Capital Management includes retail brokerage services and asset management.

Stocks, bonds, mutual funds or other securities offered or sold through First Union Corporation or any of its bank or non-bank subsidiaries are not deposits of any bank and are not insured, guaranteed or otherwise protected by the Federal Deposit Insurance Corporation or any other government agency; are not endorsed or guaranteed by First Union Corporation, FUNB or any bank; and involve investment risk, including possible loss of principal.

The complementary strengths of the two companies are expected to generate significant revenue opportunities, although these expectations are not included in the financial assumptions for the transaction.

Additional information can be found in the Investor Relations section of Wachovia’s Web site at www.wachovia.com/investor.

A conference call and audio webcast to discuss the Wachovia-SouthTrust merger will begin at 9 a.m.