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
- Oct 09 2008
- $5.6B
Latest News and Analysis
Wells Fargo Still Waiting For Right Deal
By Paritosh BansalNEW YORK (Reuters) - Wells Fargo & Co WFC Chairman Richard Kovacevich says he feels like a kid in a candy store. But he's taking his time to decide what to buy.The San Francisco-based bank looked at Wachovia Corp WB and Washington Mutual Inc WAMUQ this month, but...
Crisis of Confidence Hits Regional Bank Shares
By Jonathan Spicer and Juan LagorioNEW YORK (Reuters) - Shares of regional banks sank on Monday, with Sovereign Bancorp SOV and National City Corp NCC down 60 percent, as investors feared the sector would be steamrolled by the deepening global credit crisis.As Wall Street sagged after the House of Representatives...
National City Drops 52 Percent as Market Wonders Who's Next
NEW YORK (Reuters) - Shares of National City Corp NCC dropped more than half on Monday as investors wondered which regional bank might need a merger partner as the sector suffered what analysts called a deepening crisis of confidence.The big Ohio bank slid $2, or 52 percent, at $1.70 on...
Bank Exposure to Freddie/Fannie Securities: Do Your Homework
Thomas Smicklas submits: Much has been made of bank exposure to Fannie Mae FNM and/or Freddie Mac FRE securities exposure. This is to be expected given the current state of affairs. The following examples of financial institutions and their exposure, as disclosed on or about July 20, 2008, should be...
WaMu Leads Regional Banks to Painful Sell-Off
Edward Harrison submits: Seven years ago, I was involved in a merger that was the last proposed under the old pooling of interests accounting rule that was phased out after June 30, 2001. This methodology was great because it didn't necessitate acquiring companies to re-mark assets on the companies balance...
Ten Banks That Will Be Hurt by the Takeover of Fannie and Freddie
The government takeover of Fannie Mae FNM and Feddie Mac FRE should be a positive for most banks. The deal will lower mortgage rates and will also allow the Treasury Department to purchase mortgage-backed securities from firms in the open market. That will allow a lot of mortgage paper that is currently clogging the system to start...
Lehman Brothers Take-over: Implications for Financials
Benjamin Mackovak submits: I thought it would be interesting to take a look at what a Lehman LEH take-over would imply for the valuation of financials. I ran a screen for financials with market caps above $900m that trade in the US and trade below current book value. I then...
Regional Bank Debt Buyers On Strike
The bond market has become highly allergic to the large regionals’ debt, Bloomberg says. National City NCC bonds have fallen by 17 cents on the dollar since June, and now yield more than 10 percentage points above Treasuries--which means they're now considered "distressed." KeyCorp KEY, Fifth Third FITB and...
Sector and Stock Performance Since Oil's Peak
Hickey and Walters Bespoke submit: Since oil peaked using closing prices on July 3rd, the commodity is down about 21%. Over the same time period, the average stock in the S&P 500 is up 6.11%. Below we highlight the average performance of stocks in each sector since oil's...
Large Banks' Net Income History
Richard Shaw QVM Group submits: With all the talk and concern about falling bank earnings, we thought it might be useful to look back a few years to see year-by-year net income for large banks side-by-side. The chart below presents the 24 banks of the KBW large bank...
Fifth Third Bancorp Q2 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Brian Foran with Goldman Sachs. Brian Foran - Goldman Sachs Thanks for all this credit detail. This is actually extraordinarily helpful. I think we’re all trying to struggle with how to get arms around auto risk and when...
New Analyst Reports for FIFTH THIRD BANCORP, MINDSPEED TECHNOLOGIES INC, CHIPMOS TECHNOLOGIES LTD, and ALTERA CORP
MaybachFinancial.com is one of the fastest growing independent and unbiased research firms in the world. Through our numerous partnerships with many of the top investment minds in the world, we provide research on companies making a move in the markets. Investors seeking genuine analyst opinions on their investments for FIFTH...
Fitch Rates Fifth Third Bancorp's Senior Notes 'AA-'
CHICAGO -- Fitch Ratings assigns an 'AA-' rating to the $750 million in senior notes issued by Fifth Third Bancorp FITB. The Rating Watch is Negative.
Fifth Third Bancorp Q1 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from the line of Matthew O’Connor with UBS. Matthew O’Connor – UBS Fifth Thirds always been a bit more conservative when it comes to capital than most banks carrying more, and I’m just wondering your...
2008 bank holding companies.(Top Rank Florida)
Top Rank Florida 2008 Bank Holding Companies (deposits as of 6/30/07) 2008 2007 Rank Rank Bank Holding Company 1 1 Bank of America 2...
EMCOR Group, Inc. Subsidiary Receives Contract Extension from Fifth Third Bancorp to Provide Facilities Services
NORWALK, Conn. -- EMCOR Group, Inc. (NYSE: EME), a Fortune 500[R] leader in mechanical and electrical construction, energy infrastructure and facilities services for a diverse range of businesses globally, announced that its Viox Services, Inc. subsidiary in Cincinnati, Ohio has been awarded a contract to continue providing integrated facilities management...
Fifth Third Bancorp Q4 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from the line of Matthew O'Connor with UBS. Chris Marshall - CFO Morning, Matt. Kevin Kabat - President and CEO Good morning, Matt. Matthew O'Connor - UBS Can you just give us a little more color on the timing of the...
Fitch Lowers Fifth Third Bancorp's Individual Rating to 'B'; Outlook to Negative
CHICAGO -- Fitch Ratings has affirmed the long- and short-term Issuer Default Ratings IDR of Fifth Third Bancorp FITB at 'AA-/F1+'. At the same time, Fitch has lowered the Individual rating to 'B' from 'A/B'. Additionally, the Rating Outlook has been revised to Negative from Stable. A complete list of...
Online Resources and Fifth Third Bancorp Enter Referral Agreement
$104 Billion Asset Bank to Offer Payment Services to Treasury Management Clients
Fifth Third Bancorp Q3 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from the line of Mike Mayo with Deutsche Bank. Kevin Kabat Good morning, Mike. Mike Mayo - Deutsche Bank Good morning. Chris Marshall Good morning, Mike. Mike Mayo - Deutsche Bank First, just on kind of your vision here, I mean...
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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.
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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 IBM
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