Fortune 500 rank: 46 (Previous rank: 57)
2006 Revenues (millions): $46,810
Headquarters: Charlotte, NC
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Wachovia moves 11 spots up the list with a 30% increase in revenues and earnings growth of 17% to $7.8 billion. Despite low interest rates the retail bank managed to post $4.63 in annual earnings per share - its highest ever. Results were buoyed by last year's acquisitions: $25.5 billion for Golden West and $3.9 billion for Westcorp.
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