Edition:
United Kingdom

Fifth Third Bancorp (FITB.OQ)

FITB.OQ on NASDAQ Stock Exchange Global Select Market

33.71USD
7:42pm BST
Change (% chg)

$0.46 (+1.38%)
Prev Close
$33.25
Open
$33.20
Day's High
$33.87
Day's Low
$33.09
Volume
1,236,629
Avg. Vol
1,710,122
52-wk High
$34.57
52-wk Low
$23.32

Latest Key Developments (Source: Significant Developments)

Fifth Third Bancorp Says Board Approved New Share Repurchase Authorization
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - Fifth Third Bancorp ::FIFTH THIRD BANCORP - ‍BOARD OF DIRECTORS APPROVED A NEW SHARE REPURCHASE AUTHORIZATION OF UP TO 100 MILLION SHARES​.FIFTH THIRD BANCORP - ‍NEW SHARE REPURCHASE AUTHORIZATION REPLACES PREVIOUS AUTHORIZATION FROM 2016 UNDER WHICH APPROXIMATELY 14.5 MILLION SHARES REMAIN​.FIFTH THIRD BANCORP - ‍DECLARED A CASH DIVIDEND ON ITS COMMON SHARES OF $0.16 FOR Q1 OF 2018​.  Full Article

Fifth Third Bancorp Enters New Share Repurchase Agreement
Friday, 9 Feb 2018 

Feb 9 (Reuters) - Fifth Third Bancorp ::FIFTH THIRD BANCORP SAYS ‍ON FEB 8, CO ENTERED NEW SHARE REPURCHASE AGREEMENT WITH MORGAN STANLEY & CO. LLC - SEC FILING.FIFTH THIRD BANCORP - ‍PURSUANT TO NEW SHARE REPURCHASE AGREEMENT CO TO BUY ABOUT $318 MILLION OF OUTSTANDING COMMON STOCK​.FIFTH THIRD BANCORP - ‍NEW REPURCHASE AGREEMENT IS IN ADDITION TO ONE THAT CO ENTERED WITH MORGAN STANLEY & CO. LLC ON DEC 15, 2017 FOR $273 MILLION ​.  Full Article

Fifth Third Bank To Boost Supplier Diversity Efforts With ConnXus Agreement
Tuesday, 6 Feb 2018 

Feb 6 (Reuters) - Fifth Third Bancorp ::FIFTH THIRD BANK TO BOOST SUPPLIER DIVERSITY EFFORTS WITH CONNXUS AGREEMENT.FIFTH THIRD BANK - ANNOUNCED AGREEMENT CONNXUS THAT MAKES IT EASIER FOR BANK TO CONNECT WITH WOMAN- AND MINORITY-OWNED BUSINESSES​.  Full Article

Fifth Third Bancorp Agrees To Acquire Coker Capital Advisors
Monday, 5 Feb 2018 

Feb 5 (Reuters) - Fifth Third Bancorp ::FIFTH THIRD BANCORP BUILDS UPON M&A AND INVESTMENT BANKING CAPABILITIES FOR HEALTHCARE INDUSTRY WITH ACQUISITION OF COKER CAPITAL ADVISORS.FIFTH THIRD BANCORP - AGREED TO ACQUIRE COKER CAPITAL ADVISORS.  Full Article

Fifth Third Bancorp Elects Greg D. Carmichael Chairman Of The Board
Friday, 2 Feb 2018 

Feb 1 (Reuters) - Fifth Third Bancorp ::ELECTS CARMICHAEL CHAIRMAN OF THE BOARD.SAYS CARMICHAEL REPLACES MARSHA WILLIAMS, WHO HAS BEEN ELECTED LEAD DIRECTOR.‍CARMICHAEL WILL RETAIN HIS TITLE OF CHIEF EXECUTIVE OFFICER​.  Full Article

Fifth Third Bancorp Plans To Raise Its Minimum Hourly Wage To $15
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Fifth Third Bancorp ::FIFTH THIRD BANCORP - PLANS TO RAISE ITS MINIMUM HOURLY WAGE TO $15, AND DISTRIBUTE A ONE-TIME BONUS OF $1,000 FOR MORE THAN 13,500 EMPLOYEES.  Full Article

Fifth Third Bancorp Says On Dec 15, Co Entered Into Share Repurchase Agreement With Morgan Stanley & Co
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Fifth Third Bancorp ::FIFTH THIRD BANCORP SAYS ON DEC 15, CO ENTERED INTO SHARE REPURCHASE AGREEMENT WITH MORGAN STANLEY & CO - SEC FILING.FIFTH THIRD BANCORP - PURSUANT TO REPURCHASE AGREEMENT CO WILL PURCHASE ABOUT $273 MILLION OF ITS OUTSTANDING COMMON STOCK.FIFTH THIRD BANCORP - EXPECTS SETTLEMENT OF TRANSACTION TO OCCUR ON OR BEFORE MARCH 19, 2018..FIFTH THIRD BANCORP - WILL PAY $273 MILLION TO MSCO ON DEC 19, EXPECTS TO RECEIVE SUBSTANTIAL MAJORITY OF SHARES UNDERLYING REPURCHASE AGREEMENT BY DEC 19.  Full Article

Wells fargo & ceo sloan 'today most millenial customers are not particularly profitable'
Tuesday, 7 Nov 2017 

Wells Fargo & Co :Ceo sloan: 'today most millenial customers are not particularly profitable'., wells fargo, other bank ceos say bank capital rules should be risk- rather than size-based.  Full Article

Fifth Third Bancorp reports Q3 earnings per share of $1.35
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Fifth Third Bancorp :Q3 earnings per share $1.35.Fifth Third Bancorp - qtrly common equity tier 1 (CET1) capital ratio ‍​10.59 percent versus. 10.63 percent in Q2.Fifth Third Bancorp - qtrly ‍net charge-offs of $68 million, up $4 million from 2Q17.Fifth Third Bancorp - qtrly provision for loan and lease losses $‍67​ million versus $52 million in Q2.Fifth Third Bancorp - at quarter-end, ‍book value per share of $21.30, up 4% from both 2Q17 and 3Q16​.Fifth Third Bancorp- qtrly tier I risk-based capital ratio ‍​ 11.72 percent versus 11.76 percent in Q2.Fifth Third Bancorp - at quarter-end, ‍tangible book value per share of $17.86, up 4% from both 2Q17 and 3Q16​.Qtrly results included a positive $0.87 impact on reported 3Q17 earnings per share‍​.Fifth Third Bancorp - ‍taxable equivalent net interest income of $977 million in Q3 of 2017 was up $32 million, or 3 percent from prior quarter​.  Full Article

Fifth Third Bancorp announces strategic agreement with merging NRT technology
Wednesday, 20 Sep 2017 

Sept 21 (Reuters) - Fifth Third Bancorp :Fifth Third Bancorp announces strategic agreement with merging NRT technology, sightline payments.Fifth Third Bancorp - agreement enables Fifth Third bank to offer comprehensive suite of treasury management and payments solutions for casino operators​.Fifth Third Bancorp - Fifth Third capital holdings will make equity investment in resulting merged co's subsidiary, NRT technology corp.  Full Article

BRIEF-Fifth Third CFO Expects FY Total Expenses To Be At Lower End Of Guidance

* FIFTH THIRD BANCORP CEO SAYS REMAIN ON TRACK TO ACHIEVE UPPER END OF REVISED ROTCE TARGET -CONF CALL