2008-07-22

The 5 largest quarterly losses at US banks

Wachovia opened at -10% is now currently trading at +24%
Go figure out...

The 5 largest quarterly losses at US banks
Tuesday July 22, 2:57 pm ET
By The Associated Press
A look at the 5 largest quarterly losses suffered by US retail banks

The five largest quarterly losses for U.S. retail banks, who suffered the losses, how big they were and when they occurred, according to Standard & Poor's Compustat:

-- Citigroup Inc., $9.83 billion, $1.99 per share, fourth quarter 2007
-- Wachovia Corp., $8.86 billion, $4.20 per share, second quarter 2008
-- Citigroup, $5.11 billion, $1.02 per share, first quarter 2008
-- Wachovia, $2.2 billion, $2.27 per share, second quarter 2000
-- Washington Mutual Inc., $1.87 billion, $2.19 per share, fourth quarter 2007

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