USA: WSFS Announces Charge for Lease Residuals and Special Gains
WSFS Financial Corporation, the parent company of Wilmington Savings Fund Society, FSB (WSFS) today announced that it expects to take a charge in the Second Quarter of approximately $3.4 million, pretax, or $0.24 per share, after tax, for expected future residual losses on its $216 million prime automobile lease portfolio.
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