Garnick of Invesco Expects More Big Earnings 'Surpises'

Diane Garnick, an investment strategist at Invesco Ltd., talks with Bloomberg's Erik Schatzker in New York about Wachovia Corp.'s unexpected first-quarter loss, the outlook for the U.S. financial industry and stock market and U.S. fiscal and Federal Reserve policy. Wachovia said today that it lost $393 million, or 20 cents a share, compared with profit of $2.3 billion, or $1.20, a year earlier. (Source: Bloomberg)

Bloomberg | April 14, 2008

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