Wachovia reports record net income for second quarter.

Publication: Winston-Salem Journal (Winston-Salem, NC)

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COPYRIGHT 2004 Winston-Salem Journal

Byline: Richard Craver

Jul. 16--Solid earnings performances from Wachovia Corp.'s general bank and wealth-management divisions enabled the bank to post record net income of $1.25 billion in the second quarter.

Net income was up 21 percent compared with the second quarter of 2003, but unchanged from the first quarter of 2004.

Wachovia, based in Charlotte, said yesterday that diluted earnings rose 23 percent to 95 cents a share, which included a 3-cent charge for merger-related costs. The bank beat...

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