Blogs about WM - Stockpickr! Your Source for Stock Ideas

Blogs about WM

Blogs	Description	Date Updated
Sign says Washington Mutual is a has-been	Filed under: Washington Mutual (WM), Comic ReliefIf you're a fan of found humor as strange juxtapositions, FailBlog.org definitely belongs in your RSS feed. But it's rare that the site contains brilliant -- and unintentional -- commentary on the state of the economy.FailBlog posted this picture of the neon sign at a Washington Mutual branch office. All that's left is "Was." Before it collapsed in the largest bank failure in history, Washington Mutual was a leader in banking and home loans. It wa...	October 21, 2008
National City Posts Loss: Tier 1 of 11%	Yes it is a loss, yes it was expected. What do we care about? Deposits are growing, Tier 1 remains high and operating income is up. The Headlines: • Net Loss of $729 Million Driven by Continued Actions to Build Reserves; Loan Loss Provision Declines 25% from Second Quarter • Pre-Tax Pre-Provision Operating Earnings of $636 Million Up 17% Year-Over-Year • Tier 1 Capital Ratio of 11% Among Highest of All Major U.S. Banks and $6.6 Billion Above Regulatory “Well-Capital...	October 21, 2008
National City CEO: "Quite Optimistic"	At an event in Cleveland:National City Bank (NCC) CEO Peter Raskind said Wednesday that it’s “simply too soon to say” if the bank will avail itself of government assistance — and if it did, what the impact of that help would be.“We’re closely studying the potential implications, you bet we are,” Mr. Raskind said. “We’re deeply engaged in that process, that analysis. We’re going to take a little more time than that.”Mr. Raskind spoke to a crowd of nearly 200 people at a wee...	October 16, 2008
JP Morgan & Wells Fargo Defy Analysts	Both JP Morgan (JPM) and Wells Fargo (WFC) lapped earnings estimates this morning. Here are the pre-earnings predictionsWells Fargo Reported:-- Strong business momentum continues:-- Year-to-date revenue up 11 percent-- Average loans up 15 percent from prior year and 13 percent (annualized) from prior quarter-- Average earning assets up 15 percent from prior year and 13 percent (annualized) from prior quarter-- Core deposits up 10 percent from September 30, 2007, and 30 percent (annualized) fro...	October 15, 2008
National City in Buyout Talks	One really has to think this was only a matter of time... The WSJ Reports:As the scramble to resolve the Wachovia (WB) situation continues (Wells Fargo (WFC) and Citigroup (C) are sorting it out), National City Corp. (NCC) , a Cleveland-based regional bank crippled by bad real-estate loans, is in talks with a number of banks about a possible sale, people familiar with the situation said.Among the potential buyers are PNC Financial Services Group Inc. (PNC), a Pittsburgh-based lender that has dod...	October 09, 2008
@ VIC Leon Cooperman: Omega Advisors	Leon Cooperman presented on "The Investing Climate and All-Weather Stocks"Climate:* Thinks we have "leadership by crisis" in the US* Thinks the Fed is not out of options and is being very creative* Sees the rate of decline in housing falling* S&P 500 (ex. financials) with a yield higher than 10 yr. notes is at 13%, an all-time high.* Corporate America is very liquid, cash to debt at 30 yr. high.* Expects dividends to grow rather than cash being used for stock repurchases.* Companies have "pi...	October 07, 2008
Wachovia / Wells Fargo Merger Transcript Details	Here are the notable items from the Wells Fargo (WFC), Wachovia (WB) merger call. - The synergies will be a $5 billion in that number on an annual basis, it’s about 10% of the combined costs of the expenses of the two organizations.- Merger costs around $10 billion and target the closing for the fourth quarter. The due diligence has all been completed and the remaining approvals we need are regulatory approvals and shareholders’ approvals from Wachovia.- Will have an industry leading 6,675 b...	October 04, 2008
Buying National City	Bought shares of National City this morning at $2. Here is why. National City has said it has no exposure to adjustable rate mortgages and exposure to residential market is substantially less than Wachovia (WB) and Washington Mutual (WM). Q2 results (ending 6/30) were as follows:* Net Loss of $1.8 Billion Driven By Actions to Increase Loss Reserves on Liquidating Loan Portfolios; Includes $1.1 Billion After-Tax Non-Cash Goodwill Charge Related to Previous Acquisitions — No Effect on Regulator...	October 01, 2008
Where is Armageddon?	OK, let's ignore the politics. If Democrats want to pass this they can, they have the majority. Period. Republican's are powerless and will not block a vote. Anything else is just games. So, will it pass? Yes. As the market drops, Main St. will feel the pain and the public opinion polls will turn.When that happens, everything let's loose and we rally. In the meantime you have GE trading at decade lows yielding 5%, Dow Chemical at 5 year lows yielding 5.5% and the list goes on. The point is you...	September 29, 2008
Wells Fargo in Lead For Wachovia, "Bailout" Necessary?	At the rate this is going, the "bailout" may not be necessary. Last week JP Morgan (JPM) swallowed Washington Mutual (WM) and now it appears Wells Fargo (WFC) has the inside track to acquire Wachovia (WB).The WSJ Reports:The troubles at Wachovia, based in Charlotte, N.C., and of Fortis, based in Utrecht and Brussels, signal the first time that major commercial banks are now at risk of being forced into sales or breakups since the onset of the credit crisis a little more than a year ago. Wachovia...	September 29, 2008

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