Fifth Third Bancorp News
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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)
U.S. Bancorp was on target with second quarter results, but did deliver surprisingly strong double-digit commercial lending and mortgage growth.
FBR downgraded the stock to "market perform" from "outperform," while BofA-Merrill Lynch lowered its rating to "underperform" from "neutral."
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.
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.
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)
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.
Out of full-time work for more than 18 months, Richard Smith wasn't eager to hear from his mortgage lender.
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.
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.
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)
Wells Fargo's disappointing Q2 results could be good news for PNC Financial Services , Fifth Third , KeyCorp and Comerica , according to Nomura analysts.
The Supreme Court of the United States has issued its highly anticipated decision in Fifth Third Bancorp v.
Updated: Mon Jul 21, 2014 07:36 am
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