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Empresas y finanzas

Wachovia reports 3rd-quarter loss


    (Reuters) - Wachovia Corp reports 3rd quarter loss of $4.8 billion excluding $18.7 billion of noncash goodwill impairment and $414 million net merger-related expense; results reflect pre-tax $4.8 billion credit reserve build.

    * Q3 loss per share $2.23 excluding items

    * Q3 loss per share $11.18 including items

    * Says pre-tax loss stemmed from $18.8 billion in noncash goodwill impairment

    * Says Wells Fargo merger on track for 4th quarter 2008 close

    * Says $6.6 billion credit loss provision

    * Says recorded $2.5 billion in market disruption-related losses

    * Says A.G. Edwards integration proceeding smoothly; integration over 50

    percent complete

    * Qtrly net charge-offs were $1.9 billion

    * Says total nonperforming assets including loans held for sale were $15.0 billion