Saturday, February 16, 2019
An Investigation of Wachovia :: essays research papers fc
An Investigation of Wachovia Table of Contents1. flat coat1.1Company History11.2Driving Force..........11.3 fixture..........11.4Quick Summary of1.4.1Employees..11.4.2Revenues reaping21.4.3Income Growth21.5Website.22.Products/ returnss2.1 Major Categories of Products/Services..22.2 Target patsy.32.3 Important Characteristics of Wachovia..42.4 Differentiation from Competitors42.5 Market share52.6 New & Upcoming Features.53.Market digest3.1 assiduity Characteristics63.2 Current State of Technology63.3 Competitive analysis...73.4 Social/Legal/Ethical Issues..94.Financial development4.1Ownership Structure124.2Income Statement & Balance Sheet Analysis.124.3Trend for4.3.1Share Price134.3.2Investment performance..145.Recommendations5.1Current Technology & Improvements5.1.1Strategic Management.145.1.2Products & Service Offerings.155.1.3Customer Relations.165.1.4Human Resources175.1.5 marketing & Sales..185.1.6Accounting and Finance.195.1.7Distribution of funds195.1.8Alliances & Partn erships201.1Company HistoryWachovia was organize in 2001 by the merger of Wachovia Corporation and frontmost Union Corporation. Wachovia National Bank was formed in Winston, North Carolina in 1879. The name Wachovia came from the Latin name for the German word Wachau. In the mid eighteenth century Moravian settlers gave the name Wachau to a tract of put down in North Carolina because it resembled a piece of land along the Danube River called Der Wachau.First Union Corporation was formed in the previous(predicate) Twentieth century funded by a $100,000 stock issue. The orders first plate were in a hotel in Charlotte, North Carolina. The lodge later merged with First National Bank of Ashville to form First Union National Bank of North Carolina.1.2Driving ForceThe stream Chief Executive Officer of Wachovia is Ken Thompson. Thompson has been with the gild since 1976 and previously held the chief executive officer position at First Union Corporation. Wachovia is the fourth large st holding company in the U.S. and is the leash largest full- work brokerage based on assets.1.3LocationWachovia headquarters is located in Charlotte, North Carolina, but the company has operations internationally. The company operates 3,900 financial centers and retail brokerage offices in forty-nine states and around the globe.1.4.1 EmployeesWachovia has 95,000 employees human race wide. Of those ninety-five thousand, there are ten thousand-five hundred registered financial service representatives. 1.4.2 Revenues GrowthIn 2003 Wachovia had revenues of 24.4 cardinal dollars compare to 23.51 billion dollars in 2002. The maturation in 2003 was the third consecutive year that Wachovia has seen year-end revenue growth. Currently, Wachovia has undergo fifteen percent revenue growth in the first twain quarters of 2004 and an eleven percent decrease in revenues in the third quarter.1.4.3 Income GrowthWachovia has seen income growth for nine consecutive quarters dating tush to the s econd quarter of 2002 when compared to prior year income. Net Income in 2003 was 4.2 billion dollars compared with 3.6 and 1.6 billion dollars in 2002 and 2001.1.5 WebsiteThe Wachovia corporate website is www.wachovia.com 2.1 Major Categories of Products/ServicesWachovia Corporation is whizz of the nations largest providers of financial services to retail, brokerage, and corporate customers.
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