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Fifth Third Bancorp (FITB.OQ)

FITB.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Fifth Third Bancorp Says On Dec 15, Co Entered Into Share Repurchase Agreement With Morgan Stanley & Co
2:16pm GMT 

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

Fifth Third Bancorp Elects Marsha C. Williams Non-Executive Chair of the Board
Monday, 11 Apr 2016 

Fifth Third Bancorp:elected Marsha C. Williams as the non-executive chair of the Board effective immediately following its Annual Meeting of Shareholders on April 19, subject to her reelection to the Board.Williams succeeds James P. Hackett, who has served as the Company's non-executive chairman since April 2014 and on the Board since 2001.  Full Article

BRIEF-Fifth Third Bancorp Says On Dec 15, Co Entered Into Share Repurchase Agreement With Morgan Stanley & Co

* FIFTH THIRD BANCORP SAYS ON DEC 15, CO ENTERED INTO SHARE REPURCHASE AGREEMENT WITH MORGAN STANLEY & CO - SEC FILING