Wamu stock

Mutual Funds. Summary Performance Fundamentals Advice. Below is the normalized historical share price chart for Washington Mutual Investors extending wamu stock to March 12,

Washington Mutual , known mostly as the biggest bank failure in US history, also has been a darling of stock market gamblers. Though taking a beating in Wednesday trading, WaMu shares have soared over the past month and year despite existing as a zombie corporation—no assets or business to speak of—since being swallowed by JPMorgan Chase in It's been some feat, though, for a former banking titan and now bankrupt company that came to represent the worst of bank risk-taking during the collapse of the nation's financial system. Traders optimistic over a series of court battles to recover value for common shareholders have been at the center of the stock's improbable rise. Starke thinks investors who believe that common shareholders will recoup value are probably kidding themselves. Holders of corporate bonds and preferred shares will be first in line should JPMorgan return money to investors, with common shareholders a distant third. Still, trading in the zombie or near-zombie stocks has been a popular sport on Wall Street since the financial industry tanked.

Wamu stock

Washington Mutual, Inc. It was the parent company of WaMu Bank , which was the largest savings and loan association in the United States until its collapse in Regarding total assets under management , WaMu's closure and receivership is the largest bank failure in American financial history. JPMorgan Chase promptly filed a counterclaim in the Federal Bankruptcy Court in Delaware, where the WaMu bankruptcy proceedings had been continuing since the Office of Thrift Supervision's seizure of the holding company's bank subsidiaries. Despite its name, WaMu ceased being a mutual company in when it demutualized and became a public company on March On September 15, , the holding company received a credit rating agency downgrade. Claims of the subsidiary bank's equity holders, senior and subordinated debt all primarily owned by the holding company were not assumed by JPMorgan Chase. The newly formed company made its first home mortgage loan on the West Coast on February 10, In April , WaMu purchased the brokerage firm Murphey Favre for undisclosed amount in cash [27] and demutualized the following year, converting into a capital stock savings bank. The company's previous headquarters, WaMu Tower , stands about a block away from the new building on Second Avenue.

Technical Analysis Details. It previously agreed to trade its 10 California branches for Great Western Bank's 14 Washington branches. Fundamental Wamu stock View fundamental data based on most recent published financial statements.

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Wamu stock

Washington Mutual , known mostly as the biggest bank failure in US history, also has been a darling of stock market gamblers. Though taking a beating in Wednesday trading, WaMu shares have soared over the past month and year despite existing as a zombie corporation—no assets or business to speak of—since being swallowed by JPMorgan Chase in It's been some feat, though, for a former banking titan and now bankrupt company that came to represent the worst of bank risk-taking during the collapse of the nation's financial system.

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Two Lincoln branches, in Bellevue and Kent, Wash. Royal Trustco Ltd. While Royal Trustco is giving up its dream of building an American banking empire anchored in Seattle, it will be stuck with hundreds of millions of dollars in real estate loans that are in default or heading that way. Archived from the original on April 22, — via Highbeam Research. October 13, Resolution Trust Corp. Bloomberg News. It also operates 78 branches in Oregon, more than any other thrift. In , chairman and chief executive officer Kerry Killinger said that lack of company-issued credit cards was a "major hole in our product line. The state's third-largest financial institution, which keys its advertising off the friends of the family theme, in less than 48 hours said it was acquiring both Wenatchee-based Columbia Federal Savings Bank and north Seattle's Shoreline Savings Bank January 17,

Washington Mutual, Inc.

It will also get seven Community branches in the Vancouver area. Fort Worth Star-Telegram. The first branches are scheduled to open March 1 in the Safeway store in Raleigh Hills and one in the Esplanade mall in Hillsboro, according to Christopher J. In New York, for instance, the acquisition resulted in Chase branches located on the same block as WaMu branches. Launch Module. Bass, who became a major Washington Mutual shareholder as a result of that deal. August 12, In Oregon, Washington Mutual will become the fourth biggest in consumer deposits. However, several deadlines passed without anyone submitting a bid. He also stated that he spoke with a reporter from the Associated Press who told him that he was contacted by a WaMu executive hours before the seizure, telling the reporter that it would happen for "political reasons. Archived from the original on February 19, Bloomberg L. Tea Party protests United States; c. Total Risk Alpha. Volatility Indicators View.