SunTrust Banks to receive $3.5B from Treasury Oct 28, 2008
Several financial institutions, including Capital One Financial Corp. and Fifth Third Bancorp, have announced plans to participate. Separately, SunTrust said it will reduce its quarterly dividend by 30 percent to 54 cents. (San Diego Union-Tribune -- Business)
Stocks end lower after early gains; Dow off 203 Oct 28, 2008
Seen your credit card limit cut. Been turned down for an auto loan. (San Diego Union-Tribune)
Fifth Third Bancorp Announces Plans to Participate in U.S. Treasury Capital Purchase Program Oct 27, 2008
CINCINNATI, Oct. 26 /PRNewswire-FirstCall/ -- Fifth Third Bancorp (Nasdaq: ) today announced its plans to participate in the U.S. Treasury Capital Purchase Program ("CPP" or "Program") ... Corporate Profile Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio ... Fifth Third's common stock is traded on the NASDAQ(R) National Global Select Market under the symbol "FITB." FORWARD-LOOKING STATEMENTS This report may contain forward-looking statements... (PR Newswire)
S Korea announces record rate cut Oct 27, 2008
Washington Federal Inc said on Sunday it would get a $200 million cash infusion from the US government, while Fifth Third Bancorp announced it had applied for $3. 4 billion under the capital purchase program. (India Times)
G7 frets about surging yen Oct 27, 2008
Fifth Third Bancorp, which saw its shares sink Friday on questions about the strength of Ohio banks after rival National City Corp agreed to be taken over, said on Sunday it had applied for a $3. 4 billion cash injection. (International Herald Tribune -- Technology)
G7 frets about yen, rate cuts seen ahead Oct 27, 2008
4 billion cash injection request from Fifth Third Bancorp, also Ohio-based. (Editing by Mike Peacock). (Yahoo News -- Top Stories)
Washington Federal gets $200M cash infusion, Fifth Third applies Oct 27, 2008
WASHINGTON (Reuters) Washington Federal said Sunday it would get a $200 million cash infusion from the U.S. government, while Fifth Third Bancorp applied for $3. 4 billion under the capital purchase program. (USA Today -- Money)
PNC, National City merger could be model for other banks Oct 26, 2008
The town has two other major banks, Cincinnati-based Fifth Third Bancorp. and Columbus-based Huntington Bancshares. (Pittsburgh Post-Gazette, PA)
Financial Woes Hit Banks, Casinos Oct 25, 2008
Fifth Third Bancorp (nasdaq: - - ) was deep in the red, off more than 28% at the close. Fitch rating agency downgraded the firm on Friday, warning that the company could suffer from ongoing asset quality deterioration and challenges in its markets. (Forbes -- Markets)
PNC to Buy Ailing National City for $5.6 Billion Oct 25, 2008
Stock of another hard-hit Ohio bank, Fifth Third Bancorp , sank 22 percent on disappointment it was not the acquisition target. Regulators have been pressuring a weakened National City to sell itself for months. (ABC News -- Wire)
Deal a relief to customers, but brings new questions Oct 25, 2008
Both Fifth Third Bancorp, of Cincinnati, and Huntington Bancshares, out of Columbus, Ohio, would love to pick up National City's customers, agreed Gary Townsend, president of private investment group Hill-Townsend Capital in Chevy Chase, Md. In that situation, it might seem PNC ought to hurry up and get the transition done as quickly as possible. (Pittsburgh Post-Gazette, PA)
Stocks slammed, local index plunges Oct 23, 2008
Fifth Third Bancorp (NASDA: FITB) lost 3. 6 percent to $11. (Cincinnati Business Courier, OH)
Regional Banks' Results Hurt by Credit Crisis Oct 22, 2008
Ohio's largest banks all suffered losses, with National City Corp posting its fifth straight quarterly deficit and Fifth Third Bancorp and KeyCorp their second straight. National City also set plans to cut 4,000 jobs, or 14 percent of its workforce, over three years. (ABC News -- Wire)
Regional Banks 3Q Reports Show Ongoing Credit Woes Oct 22, 2008
Ohio banks KeyCorp, National City Corp. and Fifth Third Bancorp all reported sizable losses for the quarter on Tuesday, while U.S. Bancorp, Regions Financial Corp., BancorpSouth Inc. and M Corp. reported steep declines in profit. The third quarter proved one of the most tumultuous times in America's economy since the stock market crash of 1929, so it should come as no surprise that the financial results thus far illustrate the effects of that turmoil on the nation's banks. (ABC News -- Wire)
Late Selloff Dooms Major Indexes Once More Oct 22, 2008
National City (), Fifth Third Bancorp () and U.S. Bancorp () each posted third-quarter losses. However, the sector was fairly flat after the Federal Reserve it would buy commercial paper from mutual funds, loosening the market for short-term debt. (SmartMoney)
Regional Bank Bellwethers Oct 21, 2008
Ohio-based Fifth Third Bancorp (nasdaq: - - ) and National City (nyse: - - ) are due to report prior to the open, as is Minnesota's U.S. Bancorp. (nyse: - - ) The Street's expectations are muted, as the credit crisis has led analysts to slash estimates over the past few weeks. (Forbes -- Markets)
Fifth Third reports $56M loss Oct 21, 2008
CINCINNATI (AP) - Fifth Third Bancorp says it lost $56 million in the third quarter, mainly due to rising credit costs. Tuesday's results from the Cincinnati-based financial services company translate to a per-share loss of 14 cents for the three months ending Sept. 30. (FOX19.com, OH)
U.S. Treasury to favor new bank mergers Oct 21, 2008
In this category, industry analysts point to regional leaders, like KeyCorp of Cleveland; Fifth Third Bancorp of Cincinnati; BB&T of Winston-Salem, North Carolina; and SunTrust Banks of Atlanta. With $125 billion left over after investing in the nine largest banks, the Treasury secretary, Henry Paulson Jr., said there was enough capital to invest in every qualified bank. (International Herald Tribune)
Stocks stronger after seesaw opening Oct 21, 2008
It was a mixed bag for the struggling financial sector, as Fifth Third Bancorp (Nasdaq: FITB) inched down 1 cent to $12. 23 ahead of Tuesday s earnings report, and Wilmington-based NB&T Financial Group Inc. (Nasdaq: NBTF) fell 5 percent, or 74 cents, to $14. (Cincinnati Business Courier, OH)
U.S. markets retreat Oct 16, 2008
Fifth Third Bancorp (NASDAQ: FITB), declined 55 cents, or 4. 2 percent, to $12. (Louisville Business First, KY)
Markets continue downward spiral Oct 8, 2008
Fifth Third Bancorp (NASDAQ: FITB), declined $1. 06, or 8. (Louisville Business First, KY)
Local stocks hammered again as Dow plunges Oct 7, 2008
Fifth Third Bancorp (NASDAQ: FITB) slipped by 13 percent, or $1. 66, to $11. (Dayton Business Journal, OH)
Dow loses nearly 370, closes below 10,000 Oct 7, 2008
Fifth Third Bancorp (NASDAQ), declined $1. 06, or 8 percent, to $12. (Louisville Business First, KY)
Credit crisis Q&A Oct 5, 2008
There's a lot of doom and gloom out there, but the mortgage business is great,'' said Eric Hendrickson, senior vice president of mortgage lending in West Michigan for Fifth Third Bancorp. CONTINUED 1. (Kalamazoo Gazette, MI)
Big Banks Hunting, Regional Banks Hurting Oct 4, 2008
In trading Monday, shares of National City (nyse: - - ) fell 59%, Sovereign Bancorp (nyse: - - ) 67%, Fifth Third Bancorp (nasdaq: - - ) 39% and Colonial BanGroup 22. Big banks fared relatively better. (Forbes)
Ken Blackwell Oct 3, 2008
In addition, Mr. Blackwell served on the board of directors of the ICMA Retirement Corporation (1999 2004), Fifth Third Bank, Fifth Third Bancorp (1993-94), the Cincinnati Public Employees Retirement System (1985-88) and Grant/Riverside Methodist Hospitals (1996-99). In 2002, he received meritorious recognition from the Center for Digital Government, and was recognized by Government Technology magazine as one of the top 25 public sector leaders in information technology. (Townhall.com)
Fund Shops for Sale Oct 3, 2008
As Asset Managers Get Sold, Fundholders Face Risks (Wachovia,Citigroup,National City,Fifth Third Bancorp,KeyCorp) at SmartMoney ... Other banks stoking worries include National City (), Fifth Third Bancorp () and KeyCorp (), which are all taking a pounding amid the crisis ... You Are Viewing: As Asset Managers Get Sold, Fundholders Face Risks (Wachovia,Citigroup,National City,Fifth Third Bancorp,KeyCorp). (SmartMoney)
Dow ends Monday down 373 points; Pittsburgh companies struggle Sep 23, 2008
Fifth Third Bancorp (Nasdaq: FITB), down 9. 64 percent to $17. (Pittsburgh Business Times, PA)
Bank stocks jump as government moves to secure money markets Sep 19, 2008
Local financial stocks also took the news well, with Cincinnati-based Fifth Third Bancorp (Nasdaq: FITB) adding 10 percent to $17. 59 in morning trading. (Cincinnati Business Courier, OH)
Expect a long, costly convalescence Sep 9, 2008
Take Cincinnati-based Fifth Third Bancorp, a one-time starlet that's now No. 2 on Mr. Cassidy's list of banks with rough balance sheets. Mortgages and home equity loans are part of its problem. (Globe and Mail -- Business)
Analyst: BB&T ripe for merger Aug 30, 2008
The bank most likely to do something with BB&T is Fifth Third Bancorp, Bove wrote in a report issued Thursday. While he said it was pure speculation on his part, Bove, who is based in Lutz, also said it would be an interesting merger. (Business Journal of the Greater Triad Area)
Worst Time to Sell Fund Managers Since '02 Impairs Lehman, Wachovia Plans Aug 23, 2008
So are , the fourth-largest U.S. bank, and regional lenders Fifth Third Bancorp and National City Corp.. Their timing couldn't be worse as prices for fund companies have fallen to the lowest in six years. (Bloomberg)
US Financial 15 Split Corp.: Regular Monthly Dividend Declaration for Preferred Share Aug 20, 2008
US Financial 15 invests in a high quality portfolio consisting of 15 U.S. financial services companies as follows: American Express, American International Group, Bank of America, Citigroup, Fifth Third Bancorp, The Goldman Sachs Group, J.P. Morgan Chase, Lehman Brothers, Merrill Lynch, Morgan Stanley, SunTrust Banks, U.S. Bancorp, Wachovia Corporation, Washington Mutual and Wells Fargo. Shares held within the Portfolio are expected to range between 4-8% in weight but may vary from time to time. (CCNMatthews Press Releases)
Berger & Montague, P.C. Files Class Action Suit on Behalf of Former First Charter Corp. Shareholders Who Acquired Fifth Third Bancorp. Stock in Merger Aug 13, 2008
Berger gue, P.C. Files Class Action Suit on Behalf of Former First Charter Corp. Shareholders Who Acquired Fifth Third Bancorp ... Berger gue, P.C. Files Class Action Suit on Behalf of Former First Charter Corp. Shareholders Who Acquired Fifth Third Bancorp ... PHILADELPHIA, Aug. 12 /PRNewswire/ -- The law firm of Berger gue, P.C. has filed a class action in the U.S. District Court for the Southern District of Ohio on behalf of all former shareholders of First Charter Corp. ("First Charter") who... (PR Newswire)
Stocks Anticipate News Aug 11, 2008
So when five or the biggest U.S. banks, names such as Regions Financial (), Suntrust Banks () and Wachovia () announced multibillion-dollar quarterly losses on Tuesday, their shares actually rose, with Fifth Third Bancorp () leaping 11%, Suntrust rising 16% and Wachovia soaring 27. This surprised many investors who expected further declines based on the magnitude of the loan losses. (SmartMoney)
Fifth Third Bancorp to Present at the KBW Large Cap Bank Conference Aug 9, 2008
CINCINNATI, Aug. 8 /PRNewswire-FirstCall/ -- Fifth Third Bancorp (Nasdaq: ) will present at the KBW Large Cap Bank Conference on Monday, August 11, 2008 at approximately 10:45 AM (MT) ... Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio ... SOURCE Fifth Third Bancorp. (PR Newswire)
I.R.S. Offers a Settlement in Corporate Tax Shelter Cases Aug 7, 2008
Similar rulings in favor of the I.R.S. have come against Fifth Third Bancorp in Cincinnati and BB&T in Winston-Salem, N.C. In May, a month after the BB&T ruling was upheld on appeal, the Wachovia Corporation in Charlotte, N.C., said it would record charges of $800 million to $1 billion in the second quarter stemming from its use of Silo shelters. In announcing the settlement offer, Douglas H. Shulman, the I.R.S. commissioner, said that we obviously have a strong hand, as we ve been winning these... (Atlanta Journal-Constitution -- Business)
Ask Matt Krantz: Stocks Aug 4, 2008
Other banks on the list include Fifth Third Bancorp , KeyCorp , M&T Bank , Regions Financial and U.S. Bancorp. You can since 1993. (USA Today -- Money)
A 1-in-100 Investor Jul 24, 2008
$7 online stock trades. CAPS players who score 100 points in 100 days have become some of the best investors around. (MSNBC -- Business)
You News, You Lose Jul 24, 2008
Stocks Anticipate News Rather Than React to It (WisdomTree Dreyfus South African Rand, CurrencyShares Mexican Peso, Regions Financial, Suntrust Banks, Wachovia, Fifth Third Bancorp, Washington Mutual) at SmartMoney. com. (SmartMoney)
2Q loss is $202 million, or 37 cents a share Jul 22, 2008
CINCINNATI (AP) - Fifth Third Bancorp is reporting a net loss of $202 million, or 37 cents a share, in the second quarter compared with a profit of $376 million, or 69 cents a share, for the same period in 2007 ... Fifth Third Bancorp operates in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. (FOX19.com, OH)
Wachovia, other U.S. banks post dismal results Jul 22, 2008
Two Ohio-based regional banks, Fifth Third Bancorp and KeyCorp , posted losses, after warning last month of weak results. Southeast regional banks Regions Financial Corp and SunTrust Banks Inc each said profit fell. (San Diego Union-Tribune -- Business)
Stocks Eye Banks, Short-Sale Rule Jul 21, 2008
Regional banks in the spotlight will be Regions Financial Corp , Fifth Third Bancorp , SunTrust Banks Inc and Wachovia. This week also will usher in earnings from large-cap companies, including Dow components Pfizer Inc , AT>, and Caterpillar , as well as Nasdaq stalwarts Apple Inc , and Yahoo. (ABC News -- Wire)
KeyCorp Stumbles as Losses Increase From Lending Outside Home Ohio Market Jul 18, 2008
Washington Mutual and National City dropped 52 percent, and Cincinnati-based Fifth Third Bancorp fell 51 percent. The lender raised $1. (Bloomberg -- US)
Government not expected to help more companies Jul 15, 2008
Some of the most bandied about names include Washington Mutual Inc., National City Corp., and Fifth Third Bancorp. "Fannie and Freddie are too big to fail only because of the repercussions, not to just the mortgage and housing markets but the entire financial market," said Joe Balestrino, fixed-income market strategist at Federated Investors. (Rensselaer Republican, IN)
Investors On A Selling Spree Jul 15, 2008
SunTrust Banks (nyse: - - ) fell nearly 9%, and Fifth Third Bancorp (nasdaq: - - ) dropped 7. Monday's selling spree was exemplified by National City (nyse: - - ), which lost a third of its market value before recovering to close down nearly 15. (Forbes -- Markets)
The bank doesn't want your house Jul 13, 2008
It's worth a phone call to your lender,'' said Eric Hendrickson, senior vice president of mortgage lending in West Michigan for Fifth Third Bancorp. Fifth Third will work with you. (Kalamazoo Gazette, MI)
Disappearing Dividends Jul 13, 2008
Dividend Funds Can Lessen Risk to Income (Fifth Third Bancorp, KeyCorp Caterpillar, CSX, Medtronic, Monsanto, Target, Dividend Growth Trust Rising Dividend, Bank of America, McDonald's, International Business Machines, Morningstar, T. Rowe Price Equity Income, Vanguard Equity Income, SPDR Sdend) at SmartMoney. com. (SmartMoney)
Fifth Third unit launches World Elite MasterCard Jul 8, 2008
Cincinnati-based Fifth Third Bancorp (NASDAQ:FITB) has $111 billion in assets, ranking it as one of the 20 largest banks headquartered in the United States. Much of the company s footprint is concentrated in the Midwest, so it has sought to tap into faster-growing markets in the Southeast. (Charlotte Business Journal, NC)
Schiffrin Barroway Topaz & Kessler, LLP Announces ERISA Investigation of Fifth Third Bancorp, Inc. 401(k) Plan (Master Profit Sharing Plan) Jul 4, 2008
Schiffrin Barroway Topaz & Kessler, LLP Announces ERISA Investigation of Fifth Third Bancorp, Inc. 401(k) Plan (Master Profit Sharing Plan): Financial News - Yahoo ... Schiffrin Barroway Topaz & Kessler, LLP Announces ERISA Investigation of Fifth Third Bancorp, Inc. 401(k) Plan (Master Profit Sharing Plan)Thursday July 3, 7:13 pm ET ... July 3, 2008 (PRIME NEWSWIRE) -- ADVERTISING MATERIAL - Schiffrin Barroway Topaz & Kessler, LLP (``SBTK'') has commenced an investigation relating to Fifth Third... (Primezone Releases)
S&P 500 Winners & Losers: June And Second Quarter Jul 2, 2008
Fifth Third Bancorp (nasdaq: - - ) also suffered a dramatic loss last month, down 51 ... Fifth Third Bancorp (nasdaq: - - ) ... Fifth Third Bancorp (nasdaq: - - ). (Forbes -- Markets)
A Bank Worth Banking On Jun 27, 2008
Contrarians May Find Fifth Third Bank Intriguing (Fifth Third Bancorp, Garmin, Healthways, Nvidia, Wachovia) at SmartMoney. com. (SmartMoney)
Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Fifth Third Bancorp Jun 25, 2008
June 24 /PRNewswire/ -- Law Offices of Howard G. Smith announces that a securities class action lawsuit has been filed on behalf of all persons who purchased or otherwise acquired the common or preferred stock of Fifth Third Bancorp (Nasdaq: ) (NYSE: FTB-PA, FTB-PC) between October 19, 2007 and June 17, 2008 (the "Class Period"), including a sub-class of Class members who purchased $750,000,000 (in aggregate liquidation amount) of 7 ... The Complaint alleges that the defendants violated federal... (PR Newswire)
More for firms, less for investors Jun 23, 2008
Just last week, Fifth Third Bancorp CEO Kevin Kabat needed a cash infusion of $2 billion to bail out his struggling regional bank, while KeyCorp CEO Henry Meyer needed $1. 5 billion. (Albany Times Union)
This week could get ugly for Wall Street Jun 23, 2008
Last week, Citigroup Inc. warned that it expects substantial debt losses in the second quarter; two bond insurers lost their Moodys AAA rating; Fifth Third Bancorp said it needs to raise $2 billion in capital; the broker MF Global said widening credit spreads will dampen its profit. advertisement. (MSNBC -- Business)
Financials key as US mkt 3 month low Jun 22, 2008
The sector has already been hammered, with Fifth Third Bancorp slashing its dividend and announcing a plan to raise at least $2 billion. KeyCorp, another regional bank, said the week before it raised $1. (India Times)
Shareholders Face Risk From Banks Jun 22, 2008
Just this past week, Fifth Third Bancorp Chief Executive Kevin Kabat needed a cash infusion of $2 billion to bail out his struggling regional bank, while KeyCorp CEO Henry Meyer needed $1. 5 billion. (Time.com)
Strauss & Troy Announces Class Action Lawsuit Against Fifth Third Bancorp Jun 21, 2008
Strauss Announces Class Action Lawsuit Against Fifth Third Bancorp ... Strauss Announces Class Action Lawsuit Against Fifth Third Bancorp ... CINCINNATI, June 20 /PRNewswire/ -- Strauss hereby gives Notice that a class action lawsuit was filed today on behalf of all persons who purchased the securities of Fifth Third Bancorp ("FITB" or "Fifth Third" or the "Company") (Nasdaq: ) (NYSE: FTB-PA or FTB/PA, FTB-PC or FTB/PC) between October 19, 2007 and June 17, 2008, inclusive (the "Class") against... (PR Newswire)
Stocks drop as oil prices rise; local index falls Jun 21, 2008
Earlier this week, investment banks posted profit declines, Fifth Third Bancorp said it need to raise $2 billion in capital, and two Bear Stearns hedge fund managers were charged with lying to investors causing many investors to flee from stocks. "There has to be reticence about getting back in," said Stephen Carl, principal and head of equity trading at The Williams Capital Group. (Crain's Chicago Business)
Blue chips suffer sub-12,000 close Jun 21, 2008
Investment banks posted profit declines, Fifth Third Bancorp said it need to raise $2 billion in capital and two Bear Stearns hedge fund managers were charged with lying to investors -- causing many investors to flee from stocks. Quincy Krosby, chief investment strategist at the Hartford, said yesterday's session saw a confluence of the worries that investors have been grappling with as they try to determine where the economy is headed. (NJ.com -- Times)
Banks and Black Gold Jun 21, 2008
Oil ETFs Gain on Middle East Concerns (Morgan Stanley, Goldman Sachs, Lehman Bros. AIG, Citigroup, Fifth Third, Merrill Lynch, iPath Dow Jones-AIG Natural Gas Total Return, United States Oil, Claymore/MAC Global Solar Energy PowerShares India, JP Morgan, Bank of America, SPDR Select Financials, SPDR KBW Bank) at SmartMoney. (SmartMoney)
Fed decision to dominate coming week Jun 21, 2008
Welcome to The Sydney Morning Herald. Skip directly to: Search Box, , , Text Version. (Sydney Morning Herald -- Business)
Cincinnati Financial Comments on Outlook for Full-year 2008 Jun 20, 2008
Fifth Third Bancorp, our largest common stock holding, has declined in value by approximately 55 percent since March 31, contributing approximately $3. 00 of the expected reduction in book value. (PR Newswire)
Asian Stocks Decline for First Time in Five Days on U.S. Growth Concern Jun 19, 2008
U.S. stocks retreated yesterday, sending the Dow Jones Industrial Average to a three-month low, after FedEx Corp., the country's second-biggest package-shipment company, said it will post its first quarterly loss in 11 years and Fifth Third Bancorp cut its dividend ... His comments coincided with Fifth Third Bancorp's announcement that it cut its dividend by two- thirds and most of its second-quarter profit will evaporate, sending shares of U.S. regional banks to their biggest drop ever. (Bloomberg -- Asia)
Keros Capital Report: HAVOC Secures Largest Purchase Order To Date Jun 19, 2008
5 million shares traded, Fifth Third Bancorp (Nasdaq: FITB) down 27. 3% on 104 million shares traded, Sirius Satellite (Nasdaq: SIRI) down 2. (Canada Newswire)
