I own stock in washington mutual. They were bought out by jp morgan. What happens to the common stock?

You are out of all of your money, this deal is already done and you will get nothing at all. Eventually the stock will go to zero and be taken off of the market. It is being delisted monday at closing and being replaced by flowserve on the s & p, look it up and see if you don't believe me. This stock is gonna rally a little tomorrow but other than that it is worthless. It pisses me off because I know people that have lost over 100k on all the lies but there is absolutely nothing you can do.

i'm additionally desperately searching for an answer for the comparable question. sounds like we r f***ed. best wager JP Morgan offered areas of WaMU (no longer all as according to the information) so WaMu might nevertheless be there, yet plenty smaller and we are able to have our shares!!!!. Or we'd be paid in accordance to the mkt fee by the hot enterprise. enable’s wish for the best. We r screwed for particular, the two way.

For all practical purposes it is gone. You would be last on the list of creditors and have no guarantee of any reimbursement. When the FDIC seized it, it was insolvent and no longer capable of making it's obligations. It was subsequently parted out and most was bought by JPM. They are under no obligation to compensate you in any way...so...you used to own stock in Washington Mutual.

Sorry for your loss. I hope it was not a great amount.

first the gov gets paid then the bond holders then the preferred stock holders and if there is any thing left over you get paid so you might be screwed