BNET Industries
Fifth Third Bancorp (FITB) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $8.4B
- Profit
- Dec 31 2007
- $1.0B
- Market Cap
- Jul 02 2008
- $5.6B
Latest News and Analysis
Replacement Candidates for David Merkel's Portfolio: From AA to ZZ
David Merkel submits: Here is my initial list of replacement candidates for the third quarter 2008 portfolio reshaping: AA ACMR ACS ACXM ADP AEM AEO AET ...
S&P 500 Stocks Furthest Above and Below Their 50-Day Moving Averages
Hickey and Walters Bespoke submit: Below we highlight stocks in the S&P 500 that are currently trading the furthest above and below their 50-day moving averages. As shown, Massey Energy MEE is the furthest above its 50-day in the index at 39.47%. MEE is also the best performing...
Fifth Third Bank: Drink Deeply of the Poison
John Hempton submits: Fifth Third FITB was a well run bank with a cult following. Now it is up on hard times. I have looked at it numerous times with an eye to buy it, but never purchased. I blogged about that here. I was so blinded by the past...
Dividend Stocks: Good News / Bad News
Dividends4Life submits: It seems lately that the headlines are dominated by companies dropping their dividends such as Fifth Third FITB from $0.44 to $0.15, KeyCorp's KEY Board expressed its intention to reduce its dividend 50% to an annualized dividend of $0.75/share, FairPoint Communications FRP lowering their dividend 35% and...
U.S. Bank Dividend Yields Revisited
The Sun submits: Last November, shortly after the Dow peaked at 14,280 points, I had a post on dividend yields of the largest banks in the country. At that time, I thought that, with many bank stocks yielding 6.0% or more, buying banks made some sense if the banks...
RBC Analyst Is Bearish on U.S. Banking Sector
FP Trading Desk submits: U.S. bank stocks are heading for a “dead cat bounce,” says RBC Capital Markets analyst Gerard Cassidy, giving him reason to be bearish on the bank sector even though he expects a short-term rally. In a note to clients, Mr. Cassidy says banking stocks...
S&P 1500 Regional Banks Index Down 33% YTD
Hickey and Walters Bespoke submit: Regional Banks are front and center in the markets these days. For those interested, below we highlight the 63 companies that make up the S&P 1500 Regional Banks index. For each stock, we include its percentage from its 52-week high, year-to-date percent change...
When Will Fifth Third Bancorp Turn Around?
Ockham Research submits: Fifth Third Bancorp FITB—like many other regional banks—has struggled through the current market environment and the stock is down more than 70% in the last year. The Ohio super regional bank has been hamstrung by bad real estate bets in the particularly depressed markets of Michigan...
2 Safe Bets Amidst Big Banks' Worrying High Yields
Money Morning submits: By Jennifer Yousfi Fifth Third Bancorp FITB just became the latest in a string of hard-hit financial firms to slash its dividend to preserve much-needed cash. by Money Morning
The 20 Highest-Yielding High Yield Dividend Aristocrats
Dobromir Stoyanov submits: In my previous post The 20 Highest Yielding Dividend Aristocrats I highlighted a sample list of the 20 highest yielding dividend aristocrats. Being fascinated with companies which have consistently increased their dividends for over 25 years, I wanted to examine a similar list, using the High-Yield Dividend...
Fifth Third to Raise $2 Bln Capital, Cut Dividend
By Jonathan Stempel BANGALORE (Reuters) - Fifth Third Bancorp FITB, a large U.S. regional bank, said it plans to raise at least $2 billion in capital and slash its dividend 66 percent to cope with mounting credit losses, causing its shares to fall...
The 20 Highest of the High-Yield Dividend Aristocrats
Dobromir Stoyanov submits: In my previous post I highlighted a sample list of the 20 highest yielding dividend aristocrats. Being fascinated with companies which have consistently increased their dividends for over 25 years, I wanted to examine a similar list, using the High-Yield Dividend Aristocrats this time. You could open...
Regional Banking Woes Keep Getting Worse
Bill Luby submits: If you subscribe to the cockroach theory of investing (where there is one cockroach, there is an army; where there is one piece of bad news, there is likely to be more in the pipeline), then the recent regional banking turmoil should come as no surprise....
Morgan Stanley Earnings Plunge Despite Asset Sales
By Joseph A. Giannone NEW YORK (Reuters UK) - Morgan Stanley MS on Wednesday said quarterly earnings dropped by more than 50 percent on trading losses and a slowdown in investment banking, even after the investment bank realized $1.43 billion of pretax gains from asset...
Morgan Stanley Earnings Plunge Despite Asset Sales
By Joseph A. Giannone NEW YORK (Reuters) - Morgan Stanley MS on Wednesday said quarterly earnings dropped by more than 50 percent on trading losses and a slowdown in investment banking, even after the investment bank realized $1.43 billion of pretax gains from...
Fifth Third Clobbered in Capital Raising Plan
Michael Shedlock submits: Last Friday, Fifth Third Bank FITB was walloped on Downgrades by Bank of Montreal. The cost of uncollectible debt "will come in higher than management's forecast, and more aggressive reserve-building will be needed," analyst Peter Winter wrote in a note to investors. The company may cut...
New Lender Guidelines To Help Struggling Homeowners
Ron Haruni submits: Blindsided by the number of loans that have already gone bad, top mortgage lenders - according to a WSJ report - have reached a major agreement on new guidelines to improve and speed up the industry’s voluntary efforts to help struggling homeowners. While lax lending policies have...
Goldman Sachs Raids the Cookie Jar
Saul Sterman submits: There was an interesting note put out by Goldman Sachs GS on Thursday evening (6/12/08) wherein GS claimed that Keycorp KEY was in good company and that several other banks would follow suit. As we all know, Keycorp cut its dividend by 50% to...
Friday's Options Update: WB, ZION, BAC, MRVL, GE, KO, LEH, CLX, AAPL, FITB, IGT
Bad auguries are spreading like fungus in regional and super-regional banks this afternoon – despite a modest gain for the S&P in afternoon trading, and limited downside for the XLF which tracks the broader financial sector, the Regional Bank HOLDRs Trust XLF set a fresh 52-week low today with its...
The 20 Highest Yielding Dividend Aristocrats
Dobromir Stoyanov submits: In today’s low interest rate environment, retirees are having a hard time finding tax efficient income opportunities, worthy of their money, which would help them enjoy their post-working years. A great idea for income seeking investors is investing in stocks that pay good yields and have consistent...
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- Incorporated: 1974
- CEO: Mr. Kevin T. Kabat
- Employees: 19,923
Fifth Third Bancorp is a financial holding company. Through its subsidiaries, Co. provides a range of financial products and services to the retail, commercial, financial, governmental, educational and medical sectors, including a variety of checking, savings and money market accounts, as well as credit products such as credit cards, installment loans, mortgage loans and leases. Co. operates through five business segments: Commercial Banking, Branch Banking, Consumer Lending, Investment Advisors, and Fifth Third Processing Solutions. As of Dec 31 2007, Co. had total assets of approximately $110.96 billion and total deposits of approximately $75.45 billion.
Key Competitors
Fifth Third Bancorp Company Info
Board of Directors
Mr. Kevin T. Kabat
Chairman
Mr. Hendrik G. Meijer
Mr. James E. Rogers
Mr. John J. Schiff Jr.
Mr. Dudley S. Taft
Mr. Thomas W. Traylor
Mr. James P. Hackett
Lead Director
Dr. Darryl F. Allen
Mr. John F. Barrett
Mr. Ulysses L. Bridgeman Jr.
Mr. Gary R. Heminger
Mr. Allen M. Hill
Mr. Robert L. Koch II
Dr. Mitchel D. Livingston
Contact Information
Fifth Third Center
Cincinnati, OH
513 579-5300
NAICS Code
Commercial Banking: 522110Brought to you by IBMSponsored Resources
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