BUY THIS STOCK WITH CAUTION THEY ARE IN BANKRUPTCY BUT IS VERY HIGH ON RADAR AND IS A HOT TOPIC SHOULD GO HIGHER REMEMBER I USED CAPS FOR A REASON!Washington Mutual well what can I say but wow. What a week. Washington Mutual Washington Mutual Washington Mutual Sigh! This stock is still a nice play. The bid is 0.0815 and the ask is 0.08. With the fact that JP Morgan Chase just teamed up with Washington Mutual there are big things still to come. The symbol is WAMUQ.
Company Information: Washington Mutual, Inc. (Washington Mutual) is a consumer and small business banking company with operations in United States markets. The Company is a savings and loan holding company. It owns two banking subsidiaries, Washington Mutual Bank (WM
and Washington Mutual Bank fsb (WMBfsb), as well as numerous non-bank subsidiaries. The Company operates in four segments: the Retail Banking Group, which operates a retail bank network of 2,257 stores in California, Florida, Texas, New York, Washington, Illinois, Oregon, New Jersey, Georgia, Arizona, Colorado, Nevada, Utah, Idaho and Connecticut; the Card Services Group, which operates a nationwide credit card lending business; the Commercial Group, which conducts a multi-family and commercial real estate lending business in selected markets, and the Home Loans Group, which engages in nationwide single-family residential real estate lending, servicing and capital markets activities.
Company Contact:Address 1301 Second Avenue
Seattle, WA 98101
Telephone (206) 461-2000
Fax (206) 554-2778
Website
https://www.wamu.com/ Press Releases: WaMu Customers Can Bank as Usual as Part of Bigger, Stronger Bank
Tuesday 09/30/2008 7:00 AM ET - BusinesswireRelated Companies
Symbol Last %Chg
JPM 46.70 13.90%
As of 4:02 PM ET 9/30/08
Washington Mutual customers can bank with confidence now that they have both the backing of the Federal Deposit Insurance Corp. (FDIC) and of JPMorgan Chase, a $2 trillion banking company.
JPMorgan Chase bought the banking assets of Washington Mutual from the FDIC on September 25, so the Washington Mutual branches - better known as WaMu - opened with the WaMu name and the strength of JPMorgan Chase on Friday, September 26. In fact, Chase is the #1 bank in U.S. bank deposits.
"Customers should continue banking as usual, knowing they are now backed by a bigger, stronger bank," said Charlie Scharf, head of Retail Financial Services at JPMorgan Chase. "They should use the same WaMu branches, use the same WaMu checks, use the same WaMu debit cards, and work with the same WaMu tellers and bankers."
Together, WaMu and Chase have more than 5,400 branches and 14,000 ATMs across the country. Over time, customers will be able to use all those branches. But for now, WaMu customers should use WaMu branches and ATMs, and Chase customers should use Chase branches and ATMs.
Chase and Washington Mutual (WaMu) are brands of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.0 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan, Chase and WaMu brands.
SOURCE: Chase
Media Relations for Chase
Tom Kelly, (312) 732-7007
Washington Mutual Class Action Members Have Legal Options to Explore, Announces Tramont Guerra & Nunez, PA
Monday 09/29/2008 6:40 PM ET - Market Wire
Related Companies
Symbol Last %Chg
WAMUQ 0.082 141.18%
As of 4:00 PM ET 9/30/08
The Securities Arbitration Law Firm of Tramont Guerra & Nunez, PA (TGN) makes an announcement to prospective class members of class action lawsuit (Case No. 07 CV 09801) against Washington Mutual (NYSE: WM). Prospective class members need to determine which legal process is more suitable for them to recover losses, either a class action or an individual securities arbitration filed with FINRA, the Financial Industry Regulatory Authority.
Investors can pursue a securities arbitration claim with case facts that go beyond the scope of the allegations made in the class action lawsuit, which represent FINRA sales practice violations. The securities arbitration process may provide an opportunity for individual investors to recover a greater percentage of their investment losses. Investors must "opt-out" of a class action lawsuit in order to pursue a securities arbitration claim, otherwise investors are excluded from this legal option.
The Securities Arbitration Law Firm of Tramont Guerra & Nunez, PA, is a bilingual law firm located in Coral Gables, Florida. To request a confidential consultation from a TGN attorney concerning bank stock market losses, go to our website at
http://www.stockmarketlosslawyer.com/securities-
concentration.htm. To contact by telephone call (800) 578-0137 and ask for David Chacin, Esquire.
Contact:
David Chacin, Esquire
(800) 578-0137
http://www.stockmarketlosslawyer.com/securities-
concentration.htmCharts:
The volume today was over 400,000,000. ABout 39,000 shares sold
WaMu was the victim of one of the worst criminal acts in American Financial History. I like their legal team and they have many ways to come out on top. Very speculative going up against the FDIC/Morgan conspirators. This is such a case of Good VS Evil that it would be unpatriotic not to get in, which is what I plan to do next week. I am in to the bitter end which may reap a nice payoff.
