Wachovia Corp New (WBPS) 8-K Results of Operations and Financial Condition

Exhibit (99)(d)

WACHOVIA CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In millions, except per share data)	June 30, 2008			December 31, 2007
ASSETS
Cash and due from banks	$	15,127		15,124
Interest-bearing bank balances		10,289		3,057
Federal funds sold and securities purchased under resale agreements		21,923		15,449
Total cash and cash equivalents		47,339		33,630
Trading account assets		62,589		55,882
Securities		113,461		115,037
Loans, net of unearned income		488,198		461,954
Allowance for loan losses		(10,744	)	(4,507	)
Loans, net		477,454		457,447
Loans held for sale		8,430		16,772
Premises and equipment		6,667		6,605
Due from customers on acceptances		1,302		1,418
Goodwill		36,993		43,122
Other intangible assets		1,942		2,119
Other assets		56,256		50,864
Total assets	$	812,433		782,896
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits
Noninterest-bearing deposits		63,393		60,893
Interest-bearing deposits		384,397		388,236
Total deposits		447,790		449,129
Short-term borrowings		55,448		50,393
Bank acceptances outstanding		1,307		1,424
Trading account liabilities		26,305		21,585
Other liabilities		18,656		19,151
Long-term debt		184,401		161,007
Total liabilities		733,907		702,689
Minority interest in net assets of consolidated subsidiaries		3,147		3,335
STOCKHOLDERS’ EQUITY
Preferred stock, Class A, 40 million shares, no par value; 10 million shares, no par value; none issued		—		—
Dividend Equalization Preferred shares, no par value, 97 million shares issued and outstanding at June 30, 2008		—		—
Non-Cumulative Perpetual Class A Preferred Stock, Series I, $100,000 liquidation preference per share, 25,010 shares authorized		—		—
Non-Cumulative Perpetual Class A Preferred Stock, Series J, $1,000 liquidation preference per share, 92 million depositary shares issued and outstanding at June 30, 2008		2,300		2,300
Non-Cumulative Perpetual Class A Preferred Stock, Series K, $1,000 liquidation preference per share, 3.5 million shares issued and outstanding at June 30, 2008		3,500		—
Non-Cumulative Perpetual Convertible Class A Preferred Stock, Series L, $1,000 liquidation preference per share, 4.025 million shares issued and outstanding at June 30, 2008		4,025		—
Common stock, $3.33-1/3 par value; authorized 3 billion shares, outstanding 2.136 billion shares at June 30, 2008		7,121		6,534
Paid-in capital		59,797		56,149
Retained earnings		1,786		13,456
Accumulated other comprehensive income, net		(3,150	)	(1,567	)
Total stockholders’ equity		75,379		76,872
Total liabilities and stockholders’ equity	$	812,433		782,896

WACHOVIA CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

	Three Months Ended June 30,				Six Months Ended June 30,
(In millions, except per share data)	2008			2007	2008		2007
INTEREST INCOME
Interest and fees on loans	$	6,187		7,723	13,764		15,341
Interest and dividends on securities		1,530		1,474	3,026		2,952
Trading account interest		522		506	1,093		939
Other interest income		407		647	942		1,258
Total interest income		8,646		10,350	18,825		20,490
INTEREST EXPENSE
Interest on deposits		2,176		3,180	5,117		6,194
Interest on short-term borrowings		418		706	941		1,375
Interest on long-term debt		1,762		2,015	3,725		3,972
Total interest expense		4,356		5,901	9,783		11,541
Net interest income		4,290		4,449	9,042		8,949
Provision for credit losses		5,567		179	8,398		356
Net interest income after provision for credit losses		(1,277	)	4,270	644		8,593
FEE AND OTHER INCOME
Service charges		709		667	1,385		1,281
Other banking fees		518		449	1,016		865
Commissions		910		649	1,824		1,308
Fiduciary and asset management fees		1,355		1,015	2,794		1,968
Advisory, underwriting and other investment banking fees		280		454	541		861
Trading account profits (losses)		(510	)	195	(818	)	323
Principal investing		136		298	582		346
Securities gains (losses)		(808	)	23	(1,013	)	76
Other income		575		490	(369	)	946
Total fee and other income		3,165		4,240	5,942		7,974
NONINTEREST EXPENSE
Salaries and employee benefits		3,435		3,122	6,695		6,094
Occupancy		377		331	756		643
Equipment		317		309	640		616
Marketing		95		78	192		140
Communications and supplies		184		178	370		351
Professional and consulting fees		218		205	414		382
Goodwill impairment		6,060		—	6,060		—
Other intangible amortization		97		103	200		221
Merger-related and restructuring expenses		251		32	492		42
Sundry expense		1,250		532	1,906		1,022
Total noninterest expense		12,284		4,890	17,725		9,511
Minority interest in income of consolidated subsidiaries		97		139	252		275
Income (loss) before income taxes (benefits)		(10,493	)	3,481	(11,391	)	6,781
Income taxes (benefits)		(1,831	)	1,140	(2,065	)	2,138
Net income (loss)		(8,662	)	2,341	(9,326	)	4,643
Dividends on preferred stock		193		—	236		—
Net income (loss) available to common stockholders	$	(8,855	)	2,341	(9,562	)	4,643
PER COMMON SHARE DATA (after preferred stock dividends)
Basic earnings
Net income (loss) available to common stockholders	$	(4.20	)	1.24	(4.69	)	2.45
Diluted earnings
Net income (loss) available to common stockholders		(4.20	)	1.22	(4.69	)	2.42
Cash dividends	$	0.38		0.56	1.02		1.12
AVERAGE COMMON SHARES
Basic		2,111		1,891	2,037		1,892
Diluted		2,119		1,919	2,048		1,922