Washington Mutual is a leading banking and thrifts company with revenues of $14,498 million in the fiscal year 2006. The company offers a range of financial products and services to consumers and small businesses. This profile offers a comprehensive review of Washington Mutual''s operations and performance.
Scope.
*Contains corporate strategy, value chain presence and SWOT Analysis.
*Provides detailed business description, segment analysis, 5-year financial trends, key products and key competitors.
*Includes information on suppliers/ partners, shareholding structure and key employees with biographies.
Highlights.
Washington Mutual has been launching innovative products to attract and retain customers. Through ''WaMu Free Checking'', Washington Mutual was the first major bank to allow customers to sign up for a checking account entirely online.It contributed to the opening of a 1.23 million net new checking accounts in 2006 exceeding its goal of 1 million.
Washington Mutual is ranked sixth in total deposits and retail banking stores and fourth in debit cards outstanding in the US. Over the five year period ending 2006, revenues from retail banking increased at a CAGR of 8.5%, while other operating segments recorded a decline in revenues. The home loans group recorded a 44% decline in the revenues in 2006 over 2005. The sluggish performance of the division was attributed to various reasons including the downturn in the mortgage market, increasing loan loss provisions, pricing competition and subprime crisis.
Reasons to Purchase.
*Access all the important information and analysis on the company in a single report.
*Understand company''s strengths, weaknesses, opportunities and threats along with business strategy and value chain.
*Gain access to company''s adjusted five year financial data along with key ratios and market capitalization
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