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Fifth Third Bancorp (FITB.OQ)

FITB.OQ on NASDAQ Stock Exchange Global Select Market

30.03USD
15 Dec 2017
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$0.36 (+1.21%)
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Latest Key Developments (Source: Significant Developments)

Wells fargo & ceo sloan 'today most millenial customers are not particularly profitable'
Tuesday, 7 Nov 2017 02:59pm EST 

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 06:59am EDT 

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 04:04pm EDT 

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

Fifth Third Bancorp increases quarterly cash dividend on its common stock
Tuesday, 19 Sep 2017 04:54pm EDT 

Sept 19 (Reuters) - Fifth Third Bancorp :Fifth Third Bancorp increases quarterly cash dividend on its common stock 14% to $0.16 per share.Sets quarterly cash dividend of $0.16 per share.  Full Article

Fifth third bancorp announces acquisition of Epic Insurance Solutions & Integrity Hr
Friday, 15 Sep 2017 10:00am EDT 

Sept 15 (Reuters) - Fifth Third Bancorp :Fifth third bancorp announces acquisition of epic insurance solutions & integrity hr.Fifth Third Bancorp - ‍fifth Third Insurance Agency, an indirect, wholly owned unit of co reached agreement to acquire Epic Insurance Solutions Agency Llc​.  Full Article

Fifth Third Bank closes banking centers in six counties due to Hurricane Irma
Thursday, 7 Sep 2017 10:36am EDT 

Sept 7 (Reuters) - Fifth Third Bank::Fifth Third Bank temporarily closes banking centers in six counties in preparation for Hurricane Irma.Closed 40 banking centers, office locations in Dade, Broward, Palm Beach, Collier, Lee and Charlotte counties Sept 7 through Sept 10​.  Full Article

Fifth Third Bank enhances its partnership with ApplePie Capital
Wednesday, 16 Aug 2017 09:16am EDT 

Aug 16 (Reuters) - Fifth Third Bancorp :Fifth Third Bancorp - ‍agreement with ApplePie Capital enables co to purchase loans originated through ApplePie capital's franchise loan marketplace​.  Full Article

Fifth third bancorp will purchase about $990 million of its outstanding common stock​
Tuesday, 15 Aug 2017 09:46am EDT 

Aug 15 (Reuters) - Fifth Third Bancorp :Fifth Third Bancorp - ‍Fifth third will purchase approximately $990 million of its outstanding common stock​.Fifth Third Bancorp says ‍on August 15, co entered into share repurchase agreement with Goldman Sachs & Co - SEC filing.Fifth Third Bancorp - Repurchasing shares of its common stock as part of its 100 million share repurchase program previously announced on March 16, 2016.  Full Article

Vantiv enters into transaction agreement with Fifth Third Bank
Tuesday, 8 Aug 2017 11:24am EDT 

Aug 8 (Reuters) - Vantiv ::On August 7, entered into a transaction agreement with Fifth Third Bank - SEC filing​.Share purchase is conditioned on company publishing a firm offer to acquire Worldpay Group PLC.Share purchase is subject to termination, if among other things, firm offer to acquire Worldpay Group PLC is not made by August 31, 2017​.Under ‍agreement Fifth Third Bank agreed to exchange 19.8 million class B units in Vantiv holding for 19.8 million shares of Co's class A common stock​.Company will purchase newly issued shares of class a common stock directly from Fifth Third Bank at a price of $64.04 per share​.As a result of share purchase, Fifth Third Bank will beneficially own approximately 8.6% of equity in the Co and Vantiv Holding, LLC.If acquisition of Worldpay is consummated, Fifth Third will beneficially own 4.9 percent of equity interests in company and Vantiv Holding LLC​.Executed amendment to co's existing credit facility to permit co to obtain approximately $1.27 billion of additional seven-year term B loans​.‍expects to record liability of about $650 million during quarter ending Sept. 30, under co's tax receivable agreement with Fifth Third Bank.  Full Article

Fifth Third Bancorp announces agreement to sell Vantiv shares
Tuesday, 8 Aug 2017 11:13am EDT 

Aug 8 (Reuters) - Fifth Third Bancorp ::Fifth Third Bancorp announces agreement to sell Vantiv shares.On consummation of share repurchase, Fifth Third will no longer be entitled to appoint a director to Vantiv's board of directors​.During Q3, Co expects to recognize pre-tax gain of about $1.0 billion related to agreements with Vantiv​.On consummation of share repurchase Fifth Third's remaining director will resign from Vantiv's board​.Assuming after-tax proceeds are deployed into share repurchases, impacts of transactions are expected to be accretive to 2018 EPS​.Fifth Third currently expects to repurchase common shares from realized after-tax gains from transaction​.Fifth Third will continue to account for its ownership in Vantiv Holding LLC under equity method of accounting​.  Full Article

Trump taps Fifth Third lawyer McWilliams to lead FDIC

WASHINGTON U.S. President Donald Trump plans to nominate Jelena McWilliams, Fifth Third Bancorp's top attorney, to serve as the next head of the Federal Deposit Insurance Corporation, the White House said on Thursday.