The Health of Charlotte's Banks
Today in Charlotte, Bank of America holds its annual shareholder meeting. The last few years, the occasion has been one to celebrate. But after two weak earnings reports in the last three months, you might forgive investors for not throwing a party at Trade and Tryon this morning. Just down the street, Wachovia held its annual meeting yesterday, nine days after announcing a $393 million first-quarter loss. To assess the overall health of Charlotte's big banks, WFAE's Scott Graf spoke with Nancy Bush, an analyst based in Aiken, South Carolina.