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Fifth Third Bancorp News

News on Fifth Third Bancorp (Ticker: FITB) continually updated from thousands of sources around the net.

3 hrs ago | Business Journal

Three reasons analyst says Fifth Third shares should jump

The impact of doing away with payday-like loans, strong loan demand, a cheap stock and cuts to its branch network give Fifth Third Bancorp the potential to crank up the stock price, one analyst says.

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Related Topix: Financial Services, Banking

8 hrs ago | JD Supra

Supreme Court Unanimously Rejects Special 'Presumption of Prudence' For Investment in Employer Stock

In the past, fiduciaries of employee stock ownership plans and other defined contribution plans that invest in employer stock generally have been able to rely on a special "presumption of prudence" in court when defending their decisions to continue to offer employer stock as an investment option, even when the investment has substantially declined ... (more)

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Related Topix: Banking, Financial Services, US News, US Supreme Court, Personal Finance, Retirement, Third Circuit Court of Appeals, Law, Employment / Labor Law

Fri Jul 25, 2014

JD Supra

What Does the Supreme Court's Ruling in Fifth Third Bancorp v....

What Does the Supreme Court's Ruling in Fifth Third Bancorp v. Dudenhoeffer Mean for ESOPs and Other Retirement Plan Fiduciaries? Fiduciaries of qualified retirement plans, including Employee Stock Ownership Plans , have generally been entitled to a presumption that they have acted prudently in offering employer stock as an investment alternative ... (more)

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Related Topix: Banking, Financial Services, Personal Finance, Retirement, Law, Employment / Labor Law, Financial Markets

Thu Jul 24, 2014

Business Journal

Buckhead resident promoted to president and CEO of Fifth Third Bank

The Cincinnati-based bank reported Dunlap replaces Randy Koporc , who was promoted to executive vice president of Fifth Third's newly created Payments and Commerce Solutions Bank.

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Related Topix: Fulton County, GA, Buckhead (Atlanta, GA), Atlanta, GA, Banking, Financial Services, Suntrust Banks

Tue Jul 22, 2014

Seeking Alpha

Weak Core Results At BB&T Driven By Expenses

Net interest margin was fine and credit quality remains good, but loan growth seemed a little soft compared to other peers, particularly in the Southeast.

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Related Topix: Pnc Financial Services GroupThe, Banking, Financial Services, Wells Fargo , Home, Mortgage, Personal Finance, US Bancorp

Mon Jul 21, 2014

TheStreet.com

How Will Fifth Third Bancorp (FITB) Stock React To This Analyst Action Today?

The stock was rising 1.12% to $20.68 in pre-market trading today. Separately, TheStreet Ratings team rates FIFTH THIRD BANCORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation: "We rate FIFTH THIRD BANCORP a BUY.

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Related Topix: Financial Services, Banking, Financial Markets

Fri Jul 18, 2014

Hispanic Business

Fifth Third Bancorp Files (8-K) Disclosing Creation of a Direct...

FIFTH THIRD BANCORP FILES Disclosing Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant As previously announced on entered into an accelerated share repurchase ... (more)

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Related Topix: Financial Services, Banking, Stanley

Seeking Alpha

U.S. Bancorp Seeing Stable Credit And Early Signs Of Loan Growth

U.S. Bancorp was on target with second quarter results, but did deliver surprisingly strong double-digit commercial lending and mortgage growth.

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Related Topix: US Bancorp, Banking, Financial Services, Multistat, Home, Mortgage, Personal Finance, Wells Fargo

SchaeffersResearch.com

Analyst Downgrades: Advanced Micro Devices (AMD), Fifth Third Bancorp, and Travelzoo Inc.

FBR downgraded the stock to "market perform" from "outperform," while BofA-Merrill Lynch lowered its rating to "underperform" from "neutral."

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Related Topix: Advanced Micro Devices, Startups, Banking, Financial Services, Day Trading, Financial Markets, Personal Finance

JD Supra

Supreme Court Rejects "Presumption of Prudence" in ESOP Cases

On June 25, 2014, the Supreme Court issued a decision in Fifth Third Bancorp v. Dudenhoeffer regarding the availability of relief against fiduciaries of an employee stock ownership plan for alleged breaches of the fiduciary duty of prudence in investing in employer stock.

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Related Topix: Banking, Financial Services, Law, Employment / Labor Law

Thu Jul 17, 2014

Benzinga

Fifth Third Beats on Earnings and Revenues, Results Dip Y/Y

Driven by prudent expense management and better-than-expected revenue, Fifth Third Bancorp managed to deliver a positive earnings surprise of nearly 9% in second-quarter 2014.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance

Washington Examiner

Fifth Third 2Q profit falls 29 percent

Fifth Third Bancorp's second-quarter profit slid 29 percent with the housing sector still in a funk, but the results topped Wall Street expectations.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, Housing

American Banker

Regional Banks Struggle to Find More Ways to Cut Costs

ROCK AND A HARD PLACE: KeyCorp executives want to "grow our company" yet "become a more efficient and effective," CEO Beth Mooney says; Fifth Third officials have to "invest in our infrastructure and business lines, CEO Kevin Kabat says; Webster's branch network "is about the right size," CEO Jim Smith said, despite pressure to boost results ... (more)

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Related Topix: Financial Services, KeyCorp, Banking

TheStreet.com

Why Fifth Third Bank (FITB) Stock Is Dropping Today

The Midwestern regional bank also reported net income of $416 million or 49 cents per share, beating the average estimate of analysts surveyed by Reuters of 43 cents per share for the quarter.

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Related Topix: Warren Buffett, Banking, Financial Services, Home, Mortgage, Personal Finance

Business Wire

Press release distribution, EDGAR filing, XBRL, regulatory filings

The Company will ... )--Homeshoppers are invited to tour the newest neighborhood in the Irvine Village of Portola SpringsA , Sage by KB Home.

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Related Topix: Banking, Financial Services

Wed Jul 16, 2014

Bloomberg

Bank's Call to U.S. Borrower Leads to Job, Not Foreclosure

Out of full-time work for more than 18 months, Richard Smith wasn't eager to hear from his mortgage lender.

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Related Topix: Foreclosures, Home, Mortgage, Personal Finance, Columbia, SC, Banking, Financial Services

Business Journal

Fifth Third hires senior leader to manage IPOs

Fifth Third Bancorp is expanding its capital markets unit to add the ability to help companies do initial public offerings and make other public stock offerings to raise money.

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Related Topix: Financial Services, Banking

Business Journal

Here's why Fifth Third's profits are expected to plummet

When you look at Fifth Third Bancorp's earnings on Thursday morning, you're likely to see a big drop.

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Related Topix: Banking, Financial Services, Hospital Administration, Thomson, Media, Medicine, Triad Hospitals, Computers, IT Services, Healthcare Industry, Reuters, Science / Technology, CPU

Tue Jul 15, 2014

Business Journal

Fifth Third shareholders cast millions of votes against director

In an unusual move, Fifth Third Bancorp shareholders cast 117 million votes against one of the candidates for the Cincinnati bank's board of directors.

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Related Topix: Banking, Financial Services, Securities and Exchange Commission, Corporate / Securities Law, Law, US Politics, US News, US Senate, Evan Bayh, Democrat

JD Supra

Supreme Court Rejects Presumption for ERISA Fiduciaries, But Makes...

In Fifth Third Bancorp v. Dudenhoeffer , et al. , decided earlier this month, the Supreme Court seemingly handed a victory to the plaintiff's bar, striking down a presumption of prudence that ERISA ESOP fiduciaries have come to rely upon to help them defeat claims that they had breached their fiduciary duties by investing in or holding company ... (more)

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Related Topix: Law, Employment / Labor Law, Financial Services, Banking

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