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Wilmington Trust Corporation (WL) [hlAlert]

Rating:
Buy WL
down 67.98 %

Wilmington Trust Corporation (WL) rated Buy with price target $14.50 by B. Riley

Posted on: Monday,  Jun 7, 2010  11:25 AM ET by B. Riley

B. Riley rated Buy Wilmington Trust Corporation (NYSE: WL) on 06/07/2010, when the stock price was $13.90. Since
then, Wilmington Trust Corporation has lost 67.99% as of 05/13/2011's recent price of $4.45.
If you would have followed this B. Riley's recommendation on WL, you would have lost 67.98% of your investment in 340 days.

Wilmington Trust Corporation is a financial holding company engaged in providing a range of banking and other financial services through its banking and other subsidiaries. The Company?s subsidiary Wilmington Trust Company (WTC) is a bank and trust company founded in 1903. The Company also owns one other depository institution: Wilmington Trust FSB (WTFSB), a federally-chartered savings bank. In November 2008, the Company merged Wilmington Trust of Pennsylvania (WTPA) into Wilmington Trust FSB (WTFSB). WTFSB owns Wilmington Trust Retirement and Institutional Services Company (WTRISC), a Delaware-chartered trust company. WTRISC owns Wilmington Trust Fiduciary Services Company (WTFSC), a New Jersey-chartered nondepository bank. The Company operates in four business segments: Regional Banking, Corporate Client Services (CCS), Wealth Advisory Services (WAS), and Affiliate Money Managers.

B. Riley'research process is an interactive one where we perform extensive due diligence on companies until the analyst develops the knowledge base and understanding of the company and the industry to make a recommendation. Our analysts continuously monitor industry developments and communicate with the management, competitors, suppliers and customers of the companies we follow, regularly communicating our findings through Research Updates and daily Morning Notes.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/7/2010 11:25 AM Buy
None
13.90 14.50
as of 12/31/2010
1 Week up  1.86 %
1 Month up  11.22 %
3 Months down  -51.44 %
1 YTD down  -68.63 %

(*) Stock Price at the time of the recommendation.
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