Friday, September 26, 2008

WASHINGTON MUTUAL GOES "WAHOO"

A blogging2007. Production

Title WASHINGTON MUTUAL GOES "WAHOO" published to blogging2007.

Report sent to blogging2007. about WASHINGTON MUTUAL GOES "WAHOO"
This article is located at blogging2007.
As the debate over a $700 billion bank bailout rages on in Washington, one of the nation's largest banks — Washington Mutual Inc. — has collapsed under the weight of its enormous bad bets on the mortgage market. The Federal Deposit Insurance Corp. seized WaMu on Thursday, and then sold the thrift's banking assets to JPMorgan Chase & Co. for $1.9 billion. Seattle-based WaMu, which was founded in 1889, is the largest bank to fail by far in the country's history. Its $307 billion in assets eclipse the $40 billion of Continental Illinois National Bank, which failed in 1984, and the $32 billion of IndyMac, which the government seized in July.

Washington Mutual Goes Virtual
Special Reports; Down Yahoo's Transition Road [ more] ... Washington Mutual Goes Virtual By Barry Elad Washington Mutual Finance Corporation has teamed up ...
more ...
go to website
Cached

Yahoo! Message Boards - Washington Mutual Inc. (WM)
Welcome to the new Yahoo! Message Boards - Send us ... Message Boards Settings Washington Mutual Inc. (WM) - Quote ... same goes for investors>>##>< by cole.stokeslngzvn... [ 4 ...
more ...
go to website
Cached

InternetNews Realtime IT News - Washington Mutual Goes Virtual
Washington Mutual Goes Virtual ... Washington Mutual Finance Corporation has teamed up with SF ... Enterprise 5 Is More Customizable; HP, Intel, Yahoo ...
more ...
go to website
Cached

WM Research | Washington Mutual, Inc. Research
Washington Mutual, Inc. Roache22 (< 20) Submitted: 9 ... Goes to $0 sometime soon. Report this Post Replies ... Fool Friends: Yahoo Finance; MSN Money; AOL Money; Mint ...
more ...
go to website
Cached

Is Washington Mutual Bank gonna go bankrupt? - Yahoo! Answers
... heard from my sister which heard from someone that washington mutual ... don't have enough money to matter as soon as money goes ... does not evaluate or guarantee the accuracy of any Yahoo
more ...
go to website
Cached



WASHINGTON MUTUAL GOES "YAHOO"


On September 24, 2008 the highly respected firm of Standard & Poors issued its analyst report on Washington Mutual (NYSE: WM). Millions of investors rely on Standard & Poors and other analysts for their unique insight into listed stocks. They devour these reports and make investment decisions based on them. It's the American way of investing, fostered by the financial media and the securities industry. The report gave WaMu three stars (out of five) and advised investors to "hold" the stock. Its three star rating meant "total return is expected to closely approximate the total return of a relevant benchmark over the coming 12 months, with shares generally rising in price on an absolute basis." While the report noted that the risk of the stock was "high," it set a twelve month "target price" of $4 anOn September 24, 2008 the highly respected firm of Standard & Poors issued its analyst report on Washington Mutual (NYSE: WM). Millions of investors rely on Standard & Poors and other analysts for their unique insight into listed stocks. They devour these reports and make investment decisions based on them. It's the American way of investing, fostered by the financial media and the securities industry. The report gave WaMu three stars (out of five) and advised investors to "hold" the stock. Its three star rating meant "total return is expected to closely approximate the total return of a relevant benchmark over the coming 12 months, with shares generally rising in price on an absolute basis." While the report noted that the risk of the stock was "high," it set a twelve month "target price" of $4 and justified its projection with some very sophisticated reasoning involving price-to-book multiples. The analyst predicted an "increase in net margins in 2008" and noted that WaMu was likely to "... benefit from an improving yield curve, the addition of higher-yielding credit card receivables, and the repositioning of its balance sheet, which included the sale of low-yielding loans and securities."d justified its projection with some very sophisticated reasoning involving price-to-book multiples. The analyst predicted an "increase in net margins in 2008" and noted that WaMu was likely to "... benefit from an improving yield curve, the addition of higher-yielding credit card receivables, and the repositioning of its balance sheet, which included the sale of low-yielding loans and securities."


Videos from YouTube
Title: Financials to Watch: Washington Mutual, AIG, Goldman Sachs, Morgan Stanley, JPMorgan
Categories: Economy,News,Law,Issues,NYSE:WM,bloomberg,Business,Legal,NYSE:JPM,NYSE:AIG,NYSE:GS,NYSE:MS,

Published on: 9/15/2008 4:11:16 PM
Title: Jim Jubak: What's Next for JPMorgan Chase?
Categories: jubaks,MandA,journal,mutual,washington,News,money,chase,banks,msn,jomorgan,WaMu,

Published on: 5/27/2008 6:49:20 PM
Title: Jim Jubak: WaMu Deal in the Works?
Categories: News,Mutual,Jubaks,Business,Banks,Investing,Washington,Money,MSN,Journal,

Published on: 1/25/2008 12:04:48 PM
Title: Morgan Stanley Weighs Merger; WaMu May Get Bids
Categories: Stock,News,NYSE:WM,Insurance,Business,bloomberg,Market,U.S.,News,Banking,NYSE:MS,

Published on: 9/18/2008 12:15:07 PM
Title: Wamu is done. Martial Law, Get Your House In Order
Categories: Mutual,Bank,Economic,News,Morgan,JP,Collaspe,NWO,WAMU,End,Times,Washington,Depression,

Published on: 9/26/2008 12:12:57 AM


If you like this article, you can digg it , share it or socialize it .
  • BlinkList
  • del.icio.us
  • digg
  • Fark
  • Furl
  • Ma.gnolia
  • NewsVine
  • Reddit
  • Spurl
  • TailRank
  • YahooMyWeb
If your sharing service is not shown above use socializer.

You can also subscribe to the feed for Blogging 2007



View My Stats


Links to this post:

Create a Link

<< Home