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Wachovia Reports $23.9 Billion Net Loss in Q3

Oct 22, 2008By

Wachovia Corp. [stock WB][/stock] announced Wednesday a net loss of $23.9 billion — or $11.18 per share — in the third quarter of 2008. Most of the hefty loss includes $18.8 billion in goodwill write-downs, although some came in the form of mortgages.

3d rendering of a row of luxury townhouses along a street

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