Fifth Third Bancorp (WKN: 875029 / FITB ) / Nasdaq
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Eröffnet am: | 30.03.09 09:24 | von: 0815ax | Anzahl Beiträge: | 57 |
Neuester Beitrag: | 04.06.10 13:40 | von: HotSalsa | Leser gesamt: | 17.992 |
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http://www.53.com/
SEC-FILINGS:
http://www.sec.gov/cgi-bin/...00035527&owner=include&count=40
NEWS:
http://www.finanznachrichten.de/...ten-aktien/fifth-third-bancorp.asp
http://finance.yahoo.com/q?s=FITB
BÖRSENPLÄTZE:
http://www.ariva.de/quote/simple.m?secu=6627
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Finanzbericht 2008:
http://www.sec.gov/Archives/edgar/data/35527/...312509042550/d10k.htm
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BUSINESS:
Fifth Third Bancorp operates as a diversified financial services holding company. The company's Commercial Banking segment offers banking, cash management, and financial services; traditional lending and depository products and services; other services, including foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. Its Branch Banking segment provides a range of deposit and loan, and lease products to individuals and corporations. Its products include checking and savings accounts, home equity loans and lines of credit, and credit cards and loans for automobile and personal financing needs. The company's Consumer Lending segment involves in mortgage and home equity lending activities, such as origination, retention, and servicing of mortgage and home equity loans; other indirect lending activities, which include loans to consumers through mortgage brokers, automobile dealers, and federal and private student education loans. Its Investment Advisors segment offers a range of investment alternatives for individuals, companies, and not-for-profit organizations. This segment also offers investment, trust, asset management, retirement planning, and custody services, as well as retail brokerage services to individual clients and broker dealer services to the institutional marketplace. Its Fifth Third Processing Solutions segment offers electronic funds transfer, debit, credit, and merchant transaction processing services; and data processing services. As of December 31, 2008, Fifth Third Bancorp operated 1,307 full-service banking centers, including 92 Bank Mart locations and 2,341 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, and Georgia. The company was founded in 1862 and is headquartered in Cincinnati, Ohio.
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30.03.2009 Fifth Third Bancorp and Advent International Announce Fifth Third Processing Solutions Joint Venture
http://www.finanznachrichten.de/...ng-solutions-joint-venture-008.htm
CINCINNATI and BOSTON, March 30 /PRNewswire-FirstCall/ -- Fifth Third Bancorp (News) and Advent International announced today that they have signed a definitive agreement whereby Advent International will acquire a 51% interest in Fifth Third's processing business through the establishment of a joint venture that values the new company at approximately $2.35 billion before valuation adjustments by either party. Fifth Third will retain the remaining 49 percent interest in the new company, Fifth Third Processing Solutions, LLC.
Pursuant to the agreement, Fifth Third Bank (OH), an indirect wholly owned subsidiary of Fifth Third Bancorp, will contribute the assets and operations of Fifth Third's merchant acquiring and financial institutions processing businesses to a new limited liability company ("LLC"). The LLC's capitalization prior to the purchase of this interest will include senior secured notes payable to subsidiaries of Fifth Third in the amount of $1.25 billion. Advent will pay Fifth Third $561 million in cash for a 51 percent ownership interest in the equity of the LLC and for certain put rights. Additionally, Fifth Third will receive warrants in the new company exercisable in certain circumstances. Fifth Third estimates the valuation adjustments related to these warrants, the put rights, and minority interest discounts may reduce its implied valuation of the business by an estimated $50 million. The agreement is subject to certain potential purchase price adjustments. The terms and conditions of the transaction are more fully described in Fifth Third's Form 8-K filed on March 30, 2009. The transaction will be accounted for under Financial Accounting Standard 160, "Noncontrolling Interests in Consolidated Financial Statements." Fifth Third will retain its credit card issuing business, including retail credit card and commercial multi-card services.
...(weiter siehe LINK)
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p.s:
Einstieg von 0815ax in FITB am 25.02.09 zum Kurs von 1,18€
hallo, 0815ax, ich würde mich freuen, wenn ich irgendwo die isin nummer der fitbp
http://www.google.com/finance?q=NASDAQ%3AFITBP
kriegen könnte. ist trust preferred und zahlt momentan beim augenblicklichen kurs 14%.
und hat einen nominalwert von 100. falls nicht, trotzdem danke für die mühe mit dem forum.
Moderation
Zeitpunkt: 20.04.09 13:50
Aktion: Nutzer-Sperre für immer
Kommentar: Doppel-ID
Zeitpunkt: 20.04.09 13:50
Aktion: Nutzer-Sperre für immer
Kommentar: Doppel-ID
http://www.ariva.de/quote/profile.m?secu=101191655
http://finance.yahoo.com/q?s=FITBP
Fifth Third Bancorp kann Ergebnis im ersten Quartal verbessern
23.04.2009
aktiencheck.de
Cincinatti (aktiencheck.de AG) - Die US-Bankgesellschaft Fifth Third Bancorp (ISIN US3167731005 / WKN 875029) konnte trotz der Verwerfungen an den internationalen Finanzmärkten im ersten Quartal eine deutliche Ergebnisverbesserung vorweisen.
Wie der Finanzkonzern am Donnerstag erklärte, wurde im Berichtszeitraum ein Nettoverlust von 26 Mio. Dollar bzw. 4 Cents je Aktie verbucht, nachdem im Vorjahresquartal noch ein Nettoverlust von 81 Mio. Dollar bzw. 14 Cents je Aktie zu Buche gestanden hatte. Im Berichtszeitraum sind außerdem positive Einmaleffekte von 18 Cents je Aktie enthalten. Ohne die Berücksichtigung von Ausgleichszahlungen in Höhe von 76 Mio. Dollar in Zusammenhang mit den zuletzt aus dem staatlichen Bankenrettungsprogramm in Anspruch genommenen Mitteln hätte der Konzern im Schlussquartal einen Nettogewinn von 50 Mio. Dollar verbucht.
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Bei den Zinseinnahmen wurde ein Rückgang von 1,07 Mrd. Dollar auf 781 Mio. Dollar ausgewiesen, während die Rückstellungen für faule Kredite im Vorjahresvergleich von 941 Mio. Dollar auf 773 Mio. Dollar zurückgingen.
Analysten hatten zuvor einen Verlust von 27 Cents je Aktie erwartet. Für das laufende Quartal liegen die Analystenschätzungen bei einem Verlust von 21 Cents je Aktie.
Die Aktie der Fifth Third Bancorp notierte zuletzt bei 3,69 Dollar.
(23.04.2009/ac/n/a)
23.04.2009 14:52
UPDATE 3-Fifth Third loss is smaller than expected
NEW YORK, April 23 (Reuters) - Fifth Third Bancorp (News) posted a narrower-than-expected first-quarter loss despite taking hits on commercial loans, home mortgages and home equity loans.
The large Midwest regional bank posted a net loss of $26 million, or 4 cents a share, compared with a profit of $286 million, or 54 cents a share, a year earlier.
Excluding one-time items, including a reduction in income tax expense after settling a dispute with the U.S. Internal Revenue Service over leveraged leases, the bank lost 22 cents a share. On that basis, analysts on average expected a loss of 28 cents a share.
'Given the current economic environment, we continue to feel good about the core operations and earnings power of the bank,' said Chief Executive Kevin Kabat.
Like Wells Fargo&Co and U.S. Bancorp, which also reported quarterly results this week, Fifth Third said it saw high mortgage origination volumes in the first quarter. Its mortgage banking revenue climbed to $134 million from $97 million a year earlier.
Fifth Third issued $3.45 billion in preferred stock under the U.S. Treasury's Troubled Asset Relief Program last year. It said it paid $76 million in preferred dividends in the first quarter.
The bank slashed its dividend last year after losses rose from its exposure in the Midwest, hard hit by the auto industry's troubles, and Florida, a center of the real estate downturn. These areas continue to account for most of its commercial and residential real estate losses, the bank said on Thursday.
The bank's shares climbed 11 percent to $4.10 in premarket trade. Through Wednesday, the shares had fallen 55 percent this year.
(Reporting by Elinor Comlay; editing by John Wallace and Derek Caney)
((elinor.comlay@thomsonreuters.com; +1 646 223 6116)) Keywords: FIFTHTHIRD/
(Multimedia versions of Reuters Top News are now available for: * 3000 Xtra: visit http://topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News: http://topnews.reuters.com)
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Fifth Third Bancorp Q1 2009 Earnings Call Transcript
April 23, 2009
Tuesday, April 28, 2009, 11:17am EDT
Fifth Third, Key stock performance could indicate stress test results
If investor action on Monday is any indication of the results of the federal government’s stress tests of the 19 largest U.S. banks, Fifth Third Bancorp is in decent shape and KeyCorp might not have done as well.
Government officials gave preliminary results to representatives from each of the banks Friday. The banks aren’t allowed to talk publicly about the tests, which aim to gauge their ability to withstand worsening economic conditions. But Wall Street’s speculation, if not information, points to Cleveland-based KeyCorp (NYSE: KEY), Capital One Financial Corp. (NYSE: COF) and Regions Financial Corp. (NYSE: RF) as the three banks likely to take the worst hit from the results.
Deutsche Bank Securities - Fifth Third Bancorp "hold"
14:42 28.04.09
Rating-Update:
Frankfurt (aktiencheck.de AG) - Die Analysten von Deutsche Bank Securities stufen die Aktie der Fifth Third Bancorp (Profil) in einer Ersteinschätzung mit "hold" ein. Das Kursziel werde bei 5 USD gesehen. (28.04.2009/ac/a/u)
Posted by: $heff Date: Saturday, June 06, 2009 1:29:29 AM In reply to: None Post # of 13567 FITB (7.13) Insider Buying- Director Purchasing 21,000 shares @6.96 for $146,370 on 5/26/09. http://www.sec.gov/Archives/edgar/data/35527/.../xslF345X03/edgar.xml
Fifth Third’s strong capital position and a view that it could rebound from banking industry problems faster than its industry peers caused FBR Capital Markets analyst Paul Miller to relaunch his firm’s coverage of Fifth Third (NASDAQ: FITB) stock with an “outperform” rating and a $12 price target. Fifth Third’s stock closed Oct. 12 at $10.19. The rating means Miller expects Fifth Third’s stock to do better than those of its industry peers over the next 12 to 18 months.
Fifth Third’s capital levels are stronger than its peers, Miller said in a research report. Its tangible common equity level of 6.7 percent of assets tops peer banks’ 6.1 percent ratio. The bank raised $1.5 billion in capital earlier this year after the federal government completed its stress tests of major banks. On top of that, it sold 51 percent of its payment processing business for $1.1 billion, further bolstering capital.
“We believe that the company’s capital levels provide adequate cushion for credit losses, and we are confident that the bank will be a survivor of this credit crisis,” Miller said.
Commercial loans, which tend to cause the most problems for banks late in economic cycles, make up 58 percent of Fifth Third’s loan portfolio. Analysts expects that category to cause the next set of major problems for banks. But Fifth Third is in better position than most, Miller said.
“We are less concerned about Fifth Third’s commercial loan book, versus those of peers, as we believe
that the company has been proactive in addressing problem credits,” he wrote in the report.
Fifth Third, Cincinnati’s largest locally based bank and one of the nation’s 15 largest banks, has $116 billion in assets and runs 1,318 banking centers.
http://www.finanznachrichten.de/...h-third-bancorp-outperform-009.htm
Fifth Third’s strong capital position and a view that it could rebound from banking industry problems faster than its industry peers caused FBR Capital Markets analyst Paul Miller to relaunch his firm’s coverage of Fifth Third (NASDAQ: FITB) stock with an “outperform” rating and a $12 price target. Fifth Third’s stock closed Oct. 12 at $10.19. The rating means Miller expects Fifth Third’s stock to do better than those of its industry peers over the next 12 to 18 months.
Fifth Third’s capital levels are stronger than its peers, Miller said in a research report. Its tangible common equity level of 6.7 percent of assets tops peer banks’ 6.1 percent ratio. The bank raised $1.5 billion in capital earlier this year after the federal government completed its stress tests of major banks. On top of that, it sold 51 percent of its payment processing business for $1.1 billion, further bolstering capital.
“We believe that the company’s capital levels provide adequate cushion for credit losses, and we are confident that the bank will be a survivor of this credit crisis,” Miller said.
Commercial loans, which tend to cause the most problems for banks late in economic cycles, make up 58 percent of Fifth Third’s loan portfolio. Analysts expects that category to cause the next set of major problems for banks. But Fifth Third is in better position than most, Miller said.
“We are less concerned about Fifth Third’s commercial loan book, versus those of peers, as we believe
that the company has been proactive in addressing problem credits,” he wrote in the report.
Fifth Third, Cincinnati’s largest locally based bank and one of the nation’s 15 largest banks, has $116 billion in assets and runs 1,318 banking centers.
http://www.naplesnews.com/news/2010/may/28/...own-federal-regulators/