SwingTrade Member Forum

[jaybird249]

WB is next AIG FRE:
The New Wachovia - This Is Whats Included Inside! 29-Sep-08 10:26 pm The New Wachovia New Look.

Capital Management
Capital Management leverages its multi-channel distribution to
provide retail and institutional clients with a full line of proprietary
and nonproprietary investment, securities lending and retirement
products and services, including Evergreen Investments,
Wachovia Global Securities Lending, and Retirement and
Investment Products. With the addition of A.G. Edwards, retail
brokerage services are offered through 14,600 financial advisors
in 3,700 Wachovia Securities offices nationwide.
$7.8 billion total revenue
$1.2 trillion broker client assets
$274.7 billion assets under management
$112.9 billion mutual fund assets
$161.8 billion separate account assets
$113.3 billion retirement plan assets


Wealth Management
With nearly 200 years of experience in managing wealth,Wealth
Management tailors the capabilities of a major financial institution
to the individual needs of high net worth individuals, their families
and businesses. We serve the affluent client with $250,000 in
investable assets to the ultra high net worth client with $50 million
or more, in the ways that meet their individual needs with banking,
trust, investment and insurance services
$1.5 billion total revenue
$21.3 billion average loans
$17.1 billion average core deposits
$83.5 billion assets under management
1,118 wealth management advisors
242 insurance broker.
2.1 Billion from Citi as result of sale of Banking Division & elimation of debt.

"I would say that what is left -- the retail brokerage and Evergreen -- is worth about $5 a share to $7 a share," said Robert Patten, a banking analyst with Morgan Keegan & Co.
http://blog.al.com/spotnews/2008/09/citi...