Wilmington Trust Reports Q4 $(2.35) vs. $(0.35)

Wilmington Trust Corporation WL reported a loss of $209.3 million for the 2010 fourth quarter and a loss of $720.1 million for the 2010 full year. After dividends and accretion on preferred stock, the net loss available to common shareholders was $213.8 million, or $2.35 per share, for the 2010 fourth quarter, and $738.3 million, or $8.45 per share, for the 2010 full year. Corporate Client Services reported record-high quarterly revenue of $51.6 million in the 2010 fourth quarter, up 7% from the 2010 third (trailing) quarter, and revenue of $199.2 million for the 2010 full year. Wealth Advisory Services revenue rose 4% to $41.1 million in the 2010 fourth quarter from the trailing quarter, and was $165.6 million for the 2010 full year.