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Fifth Third Bancorp (FITB.OQ)

FITB.OQ on NASDAQ Stock Exchange Global Select Market

33.13USD
16 Feb 2018
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$-0.07 (-0.21%)
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Latest Key Developments (Source: Significant Developments)

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 Bancorp Sees Q1 NII (Fully-Taxable Equivalent Basis) In Range Of $975 Mln - $980 Mln
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Fifth Third Bancorp ::FIFTH THIRD BANCORP SEES Q1 NII (FULLY-TAXABLE EQUIVALENT BASIS) IN RANGE OF $975 MILLION - $980 MILLION.FIFTH THIRD BANCORP SEES FY 2018 NII (FTE) OF $4.0 BILLION - $4.07 BILLION - SEC FILING.FIFTH THIRD BANCORP SEES Q1-2018 NIM (FTE) TO BE UP IN RANGE OF 3 - 5 BPS FROM ADJUSTED Q4 2017.FIFTH THIRD BANCORP SEES FY2018 NIM (FTE) OF ABOUT 3.15% WITH TWO 2018 RATE HIKES (MAR & SEP).  Full Article

Fifth Third Bancorp Reports Q4 EPS Of $0.67
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Fifth Third Bancorp ::Q4 EARNINGS PER SHARE $0.67.Q4 EARNINGS PER SHARE VIEW $0.49 -- THOMSON REUTERS I/B/E/S.QTRLY RESULTS INCLUDE $220 MILLION INCOME TAX REDUCTION FROM A REMEASUREMENT OF DEFERRED TAX LIABILITY.‍TAXABLE EQUIVALENT NET INTEREST INCOME OF $963 MILLION IN Q4 OF 2017 WAS DOWN $14 MILLION, OR 1 PERCENT FROM PRIOR QUARTER​.QTRLY COMMON EQUITY TIER 1 RATIO 10.61 PERCENT VERSUS 10.59 PERCENT IN LAST QUARTER.‍QTRLY NET CHARGE-OFFS (NCOS) OF $76 MILLION, UP $8 MILLION FROM 3Q17 AND UP $3 MILLION FROM 4Q16.QTRLY BOOK VALUE PER SHARE OF $21.67, UP 2% FROM 3Q17; QTRLY TANGIBLE BOOK VALUE PER SHARE OF $18.10 UP 1% FROM 3Q17.QTRLY ‍TOTAL RISK-BASED CAPITAL 15.16% VERSUS 15.16% IN QUARTER ENDED SEPT 2017​.QTRLY ‍PROVISION FOR LOAN AND LEASE LOSSES $67 MILLION VERSUS $67 MILLION IN Q3.  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 enters into share repurchase agreement
Wednesday, 3 Aug 2016 

Fifth Third Bancorp : On August 2 co entered into a share repurchase agreement with Wells Fargo Bank, National Association - SEC filing .Pursuant to agreement, fifth third will purchase approximately $240 million of its outstanding common stock.  Full Article

Fifth Third BanCorp Q2 EPS $0.40
Thursday, 28 Jul 2016 

Fifth Third Bancorp : Q2 tier 1 common ratio 9.94 percent versus. 9.81% at the end of q1 . 2Q16 net charge-offs of $87 million (0.37% of loans and leases) decreased from 1q16 ncos of $96 million (0.42% of loans and leases) . Q2 book value per share of $20.09 up 3% from 1q16 and up 14% from 2q15; tangible book value per share of $16.93 . Q2 revenue view $1.52 billion -- Thomson Reuters I/B/E/S . Q2 earnings per share $0.40 . Q2 revenue $518 million . Q2 net interest income (on a fully taxable equivalent basis) of $908 million, flat sequentially and up 2 percent from 2q15 . Q2 earnings per share view $0.38 -- Thomson Reuters I/B/E/S .Q2 tier 1 risk-based capital ratio 11.03 percent versus. 10.91% percent at the end of q1.  Full Article

Fifth Third Bancorp to repurchase common shares in an amount up to $660 mln
Wednesday, 29 Jun 2016 

Fifth Third Bancorp : Fifth Third announces 2016 CCAR capital plan . No objection from Federal Reserve to company's capital plan . Says increase in quarterly common stock dividend to $0.14 in Q4 2016 .Repurchase of common shares in an amount up to $660 million.  Full Article

MOVES-Fifth Third hires Pichler as head of credit sales

Feb 14 Fifth Third has hired David Pichler, a former co-head of credit fixed income at Cantor Fitzgerald, to lead credit sales for institutional fixed income.