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Profile - Wachovia Corporation (NYSE:WB)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Options | Financials | Reports
Recent Events
Sep  4Dividend payment of $0.60
Aug 23Price hit new 52-week high ($73.60)
Location
100 North Main Street
Winston-Salem, NC 27101
Phone: (336) 770-5000
Fax: (336) 732-2281
Employees (last reported count): 20,325
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Regional Banks
Company Websites
 ·Home Page
 ·Investor Relations
 ·Employment
 ·Subsidiaries
 ·Yahoo! Category

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Index Membership
 ·S&P 500
Ownership
·Insider and 5%+ Owners: 1%
·Over the last 6 months:
 · 7 insider sells; 37.0K shares
  (1.8% of insider shares)
·Institutional: 49% (49% of float)
(827 institutions)
·Net Inst. Selling: 11.4M shares (+13.09%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
First Union Corporation is a financial and bank holding company whose principal wholly owned subsidiaries are First Union National Bank, a national banking association, First Union Securities, Inc., an investment banking company and First Union Mortgage Corporation, a mortgage banking company. The Company provides a wide range of commercial and retail banking and trust services through full-service banking offices in Connecticut, Delaware, Florida, Georgia, Maryland, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Virginia and Washington, D.C. The Company also provides various other financial services, including mortgage banking, credit card, investment banking, investment advisory, home equity lending, asset-based lending, leasing, insurance, international and securities brokerage services, through its subsidiaries.
More from Market Guide: Expanded Business Description

Financial Summary
Wachovia is a financial holding company offering banking and financial services to individuals in FL, GA, NC, SC, and VA, and to corporations and institutions globally. For the six months ended 6/30/01, total interest income rose 4% to $2.33 billion. Net interest income after LLP rose 9% to $897.9 million. Earnings from continuing operations rose 46% to $440.1 million. Net interest income reflects higher earning assets and improved interest margins. Net income also reflects $106 million in securities gains.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Compensation
PayExer

G. Kennedy Thompson, 50
Chairman, Pres, CEO
$5.9M$4.7K
Benjamin Jenkins, III, 56
Vice Chairman
2.4M100.7K
Donald McMullen, Jr., 52
Vice Chairman
3.2M4.5K
B.J. Walker, 70
Vice Chairman
--  --  
Robert Kelly, 47
CFO, Exec. VP
--  --  
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:WBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 22-Nov-2000
$47.438
Recent Price$69.65 
52-Week High
on 23-Aug-2001
$73.60 
Beta0.85 
Daily Volume (3-month avg)1.04M
Daily Volume (10-day avg)669.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+24.0%
52-Week Change
relative to S&P500
+66.3%
Share-Related Items
Market Capitalization$14.2B
Shares Outstanding203.3M
Float201.3M
Dividends & Splits
Annual Dividend (indicated)$2.40 
Dividend Yield3.45%
Last Split: 2 for 1 on 1-Apr-1993
Per-Share Data
Book Value (mrq)$31.75 
Earnings (ttm)$4.32 
Earnings (mrq)$1.08 
Sales (ttm)$24.81 
Cash (mrq)$12.72 
Valuation Ratios
Price/Book (mrq)2.19 
Price/Earnings (ttm)16.11 
Price/Sales (ttm)2.81 
Income Statements
Sales (ttm)$5.11B
EBITDAN/A 
Income available to common (ttm)$890.2M
Profitability
Profit Margin (ttm)17.4%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)1.26%
Return on Equity (ttm)14.07%
Financial Strength
Current RatioN/A 
Long-Term Debt/Equity (mrq)1.34 
Total Cash (mrq)$2.59B
Short Interest
As of 8-Aug-2001
Shares Short1.60M
Percent of Float0.8%
Shares Short
(Prior Month)
4.24M
Short Ratio1.43 
Daily Volume1.12M
See Profile Help for a description of each item above;   K = thousands;   M = millions;   B = billions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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