Whitney Slashes Wachovia Rating on ‘Bleak’ Shareholder Prospects Highlighting Ongoing Banking Crisis
Jul 16th, 2008 | By Jennifer Yousfi | Category: Stock Market InvestingMeredith Whitney, the Oppenheimer & Co. (OPY) analyst famous for her prescient financial sector calls during the ongoing banking crisis, has downgraded Wachovia Corp. (WB) to “underperform,” saying prospects are “bleak” for shareholders of the Charlotte-based commercial bank.