Buy, Sell or Hold: Wachovia Corp (WB-N) — Stock Predictions at Stockchase

Home Daily Stock Opinions and Ratings Wachovia Corp (WB-N)

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COMMENT

Being acquired by Wells Fargo (WFC-N). If it's a share swap, he would hold the shares as he likes Wells Fargo. If it's a cash deal, tender your shares.

DON'T BUY

Caller is asking about laddering in on this bank. This is in the financial sector and is one of the US banks that has a huge balance sheet with a lot of bad debt on it. At this stage, he would ladder into some Canadian banks instead. You could pick Toronto Dominion (TD-T), Royal (RY-T), Bank of Nova Scotia (BNS-T) or Bank of Montreal (BMO-T), all 4 of them ora any one of them or the iUnits S&P Financial (XFN-T). (See Past Top Picks,)

DON'T BUY

Price is depressed, but could get worse. Financial stocks like this are to be avoided, at least for the next quarter, perhaps two. Still a lot od shoes to drop.

BUY

Basically believes that the banking system will muddle through this problem. A basket of these financials with the yields they’re offering can be a very effective way to invest. Buy in measured proportions.

DON'T BUY

Used to love this one. This was when they where an independent bank in North Carolina. Was acquired by one of its competitors a few years ago but it no longer has the good quality characteristics.

COMMENT

His model price is $50.12, a 31.5% upside. Model price has been coming down in lieu of earnings estimates coming down.

HOLD

Part of a recent bump up from the summer in financials. Short-term moving averages looks like it is trying to give you a signal.

HOLD

Not interested in the financials, but they do give a bit of concern right now and would like to see a bit of carry through.

DON'T BUY

Very concerned about regional banks in the U.S, don’t know about their bad exposure to mortgages. Housing situation is far from at a bottom, we’re going to see increased defaults on credit cards and on mortgages.

DON'T BUY

This has a model price of $48.94 which is at 9% negative differential. US interest rates have gone up which is killing the financials.

BUY

A big retail bank on the eastern seaboard which is a prime area to be in. Just made a big acquisition. Good solid management.

BUY

Well-run. Prefers it over Wells Fargo as it is moving a little bit faster. Feels this is the strongest one in the group.

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Wachovia Corp(WB-N) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Wachovia Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Wachovia Corp(WB-N) Frequently Asked Questions

What is Wachovia Corp stock symbol?

Wachovia Corp is a OTC stock, trading under the symbol WB-N on the (). It is usually referred to as or WB-N

Is Wachovia Corp a buy or a sell?

In the last year, there was no coverage of Wachovia Corp published on Stockchase.

Is Wachovia Corp a good investment or a top pick?

Wachovia Corp was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Wachovia Corp.

Why is Wachovia Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Wachovia Corp worth watching?

In the last year 0 stock analysts on Stockchase covered Wachovia Corp. The stock is worth watching.

What is Wachovia Corp stock price?

On , Wachovia Corp (WB-N) stock closed at a price of $.

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Wachovia Corp (WB-N)

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Wachovia Corp(WB-N) Rating

Wachovia Corp(WB-N) Frequently Asked Questions

What is Wachovia Corp stock symbol?

Is Wachovia Corp a buy or a sell?

Is Wachovia Corp a good investment or a top pick?

Why is Wachovia Corp stock dropping?

Is Wachovia Corp worth watching?

What is Wachovia Corp stock price?

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