Local shares hit as market slams stocks Nov 13, 2008
Fifth Third Bancorp (NASDAQ: FITB) fell 9 percent, even though it said it hired a new CFO. That indicates it plans to stay independent for some time, Kiss said. Procter & Gamble Co. (NYSE: PG) and Kroger Co. (NYSE: KR) each fell about 3 percent. (Cincinnati Business Courier, OH)
Local stocks plummet Wednesday Nov 6, 2008
Financial stocks also suffered, with Fifth Third Bancorp (NASDAQ: FITB) plunging 10 percent to $11. 07 and First Financial Bancorp (NASDAQ: FFBC) losing 8 percent to $12. (Cincinnati Business Courier, OH)
Fifth Third to Acquire All Deposits of Bradenton-Based Freedom Bank From FDIC Nov 1, 2008
All insured and uninsured depositors will be protected in transaction CINCINNATI, Oct. 31 /PRNewswire-FirstCall/ -- Fifth Third Bancorp (Nasdaq: ) today announced that Fifth Third Bank (South Florida) will assume approximately $250 million of deposits, including all uninsured deposits, from the Federal Deposit Insurance Corporation acting as receiver for Bradenton-based Freedom Bank ... "We are pleased to provide a new home for Freedom Bank's deposit customers and to provide them the strength... (PR Newswire)
Fifth Third Bancorp Takes Over Assets in 17th Bank Failure Nov 1, 2008
The FDIC approved the assumption of all Freedom's deposits by Fifth Third Bank, a unit of Fifth Third Bancorp. Fifth Third said it will assume about $250 million of deposits. (Wall Street Journal)
TOPWRAP 14-US consumers slash spending, world markets stabilize Nov 1, 2008
Larger regional bank Fifth Third Bancorp agreed to assume Freedom's roughly $250 million of deposits. Perhaps mindful of the growing political pressure on the U.S. banks, JPMorgan Chase he largest U.S. bank, said it would halt foreclosures for 90 days as it ramps up a program to make it easier for homeowners to modify their mortgages. (guardian.co.uk)
Stocks finish terrible month with 3% gain Nov 1, 2008
Convergys Corp. (NYSE: CVG) jumped 10 percent, while Chemed Corp. (NYSE: CHE), Fifth Third Bancorp (NASDAQ: FITB), General Cable Corp. (NYSE: BGC), LSI Industries Inc. (NASDAQ: LYTS) and Scripps Networks Interactive Inc. (NYSE: SNI) each gained more than 6 percent. Cincinnati Bell Inc. (NYSE: CBB) led decliners, falling 13 percent to $2. (Cincinnati Business Courier, OH)
FOXBusiness: Buying Blitz Sends Dow Soaring Oct 29, 2008
Fifth Third Bancorp (FITB) said it received preliminary approval for a $3. 45 billion investment from the federal government, a move that will add to the bank's flexibility in considering strategic opportunities. (Fox News)
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)
Group of Seven warns of surging yen Oct 28, 2008
4 billion cash injection request from Fifth Third Bancorp, also Ohio-based. Also in msnbc. (MSNBC -- Business)
Wall Street Stocks drop in late sell-off Oct 28, 2008
Fifth Third Bancorp increased 5% to $US8. 47. (Sydney Morning Herald -- Business)
Analysts: Treasury Department's Bank Plan Favors Survival of the Biggest Oct 28, 2008
55 billion); Fifth Third Bancorp ($3. 4 billion); BB&T Corp. ($3. (Law.com)
US stocks end lower as financials give up early gains Oct 28, 2008
Web search enhanced by. Published: Tuesday October 28, 2008 MYT 7:42:00 AMUpdated: Tuesday October 28, 2008 MYT 8:01:20 AM. (The Star Online, Malaysia)
Gains Extinguished On Wall Street Oct 28, 2008
Fifth Third Bancorp (nasdaq: - - ), SunTrust Banks (nyse: - - ) and PNC Financial Services Group (nyse: - - ) all surged early in the day after indicating they will receive $3. 0 billion or more from the Treasury, but shed some of their gains later. (Forbes)
Fifth Third requests $3.4 billion from Treasury Oct 28, 2008
Fifth Third Bancorp is a financial-services company based in Cincinnati. As of Sept. 30, it had $116 billion in assets and operated 1,298 locations in 12 states, including Kentucky and Indiana. (Louisville Business First, KY)
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)
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)
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 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)
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)
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)
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)
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)
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)
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)
