Wachovia Corporation: A Leading Provider of Financial Services

Strategic Insights -

Wachovia Corporation is one of the largest providers of financial services to retail, brokerage, and corporate customers, with a significant presence in the United States and globally. The company's four core businesses - General Bank, Capital Management, Wealth Management, and Corporate and Investment Bank - serve customers in 15 states and Washington, D.C. Wachovia had assets of $493.3 billion, market capitalization of $83.5 billion, and stockholders' equity of $47.3 billion at December 31, 2004.

Key Takeaways:

  • Wachovia's four core businesses serve customers primarily in 15 states and Washington, D.C., with a focus on providing comprehensive financial solutions.
  • The company's retail brokerage firm, Wachovia Securities, LLC, serves clients in 49 states and five Latin American countries, offering global services through 33 international offices.
  • Wachovia had significant assets of $493.3 billion, market capitalization of $83.5 billion, and stockholders' equity of $47.3 billion at December 31, 2004.
  • The company's online banking and brokerage products and services are available through the company's website, wachovia.com.
  • Wachovia's CEO, Ken Thompson, will present at the Smith Barney Citigroup Financial Services Conference on January 27, 2005.
  • The presentation will be available via live audio webcast beginning at 10:45 a.m. ET through Wachovia's Investor Relations Web site at wachovia.com/investor.
  • A replay of the webcast will be available beginning at 12:30 p.m. ET January 27 until 4:00 p.m. ET February 28, 2005.

Statistics:

  • Assets: $493,300,000,000
  • Market capitalization: $83,500,000,000
  • Stockholders' equity: $47,300,000,000
  • Number of states served by retail brokerage firm: 49
  • Number of Latin American countries served: 5
  • Number of international offices: 33
  • Date of Wachovia CEO's presentation: January 27, 2005

Sources:

  • Wachovia Corporation, Investor Relations Web site
  • Wachovia Corporation, Contacts information (Mary Eshet, Christy Phillips, Alice Lehman, Ellen Taylor, and Jeff Richardson)