SeekingAlpha.com (Free subscription) | 13 hours ago
optionMONSTER submits: By Jon "DRJ" Najarian TARP Repayment Has Ripple Effect The news that our friend Charlie Gasparino broke Wednesday on CNBC, that Bank of America ( BAC ) would repay $45 billion in TARP funds in part through the sale of $18.8 billion of securities, is helping lift the financial sector. BAC trades up $0.60, Goldman Sachs ( GS ) is higher by $1, Fifth Third Bancorp ( FITB...
BloggingStocks (Free subscription) | 12/01/2009
Filed under: Analyst upgrades and downgrades , Regions Financial (RF) , Bank of America (BAC) , Wells Fargo (WFC) , Financial Crisis Step away from the news for a couple of minutes and J.P. Morgan decides to get out its downgrade stick and go bashing the banking sector . The ratings house feels that the slowdown in growth in securities along with rising credit costs are going to impact the bottom...
24/7 Wall St. (Free subscription) | 12/01/2009
These are this Tuesday morning’s top 10 analyst upgrades, downgrades, and initiations seen in Wall Street research calls: Adobe Systems (NASDAQ: ADBE) Started as Market Outperform at JMP Securities. BB&T Corp. (NYSE: BBT) Raised to Buy at Citigroup. Boeing Co. (NYSE: BA) Started as Underweight at HSBC. Clearwire Corporation (NASDAQ: CLWR) Raised to Neutral at UBS. Fifth Third Bancorp (NASDAQ:...
MarketIntelligenceCenter.com (Free subscription) | 11/30/2009
Fifth Third Bancorp (NasdaqNM: FITB) opened at $9.69. So far today, the stock has hit a low of $9.69 and a high of $9.97. FITB is now trading at $9.92, up $0.35 (3.66%). Over the last 52 weeks the stock has ranged from a low of $1.01 to a high of $11.20. FITB shares are receiving momentum this morning from an upgrade of competitor US Bancorp (USB). Robert W. Baird lift...
MarketIntelligenceCenter.com (Free subscription) | 11/13/2009
Fifth Third Bancorp (NasdaqNM: FITB) opened at $9.78. So far today, the stock has hit a low of $9.58 and a high of $9.85. FITB is now trading at $9.78, up $0.24 (2.52%). Over the last 52 weeks the stock has ranged from a low of $1.01 to a high of $11.20. Credit Suisse initiated coverage on FITB today, starting the stock at Outperform with a $15...
PR News Wire (Free subscription) | 11/04/2009
CINCINNATI, Nov. 4 /PRNewswire-FirstCall/ -- Fifth Third Bancorp (Nasdaq: FITB) will present at the Bank of America Merrill Lynch Banking & Financial Services Conference in New York City on Tuesday, November 10, 2009 at approximately 11:20 AM EST.
24/7 Wall St. (Free subscription) | 10/29/2009
These are this Thursday morning’s top 10 analyst upgrades, downgrades, and initiations we have seen in early research calls from Wall Street: ArcelorMittal (NYSE: MT) Raised to Buy at Societe Generale. BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) Raised to Outperform at Credit Suisse. Elan Corp. plc (NYSE: ELN) Cut to Neutral at UBS. Fifth Third Bancorp Raised To Outperform From [...]
PR News Wire (Free subscription) | 10/27/2009
CINCINNATI, Oct. 27 /PRNewswire-FirstCall/ -- Fifth Third Bancorp (Nasdaq: FITB) has announced today the formation of a focused private equity lending team, Fifth Third Sponsor Leveraged Finance. The team will provide cash flow financings to a select group of private equity clients and will target businesses with $10 million to $50 million in earnings before interest, taxes depreciation and amortization...
MarketIntelligenceCenter.com (Free subscription) | 10/26/2009
Fifth Third Bancorp (FITB) was downgraded today by analysts at Rochdale Securities and the stock is now at $9.71, down $0.64 (-6.14%) on volume of 18,629,544 shares traded. The analysts reduced FITB to Sell from Neutral. Over the last 52 weeks the stock has ranged from a low of $1.01 to a high of $12.95. Fifth Third Bancorp stock has been showing support around $9.85 ...
24/7 Wall St. (Free subscription) | 10/26/2009
This morning you are getting the broader summaries without links to VSInvestor.com because of an issue at the hosting and publishing side that has caused a temporary outage. Here are brief morning movers: Fifth Third Bancorp (NASDAQ: FITB) and SunTrust Banks, Inc. (NYSE: STI) are both getting hit this morning on an analyst downgrade by Dick [...]
24/7 Wall St. (Free subscription) | 10/26/2009
These are this Monday’s top ten analyst calls from Wall Street for upgrades, downgrades, and initiations: BHP Billiton (NYSE: BHP) Started as Neutral at HSBC. Delphi Financial (NYSE: DFG) Started as Outperform at KBW. Fifth Third Bancorp (NASDAQ: FITB) Cut to Sell from Neutral at Rochdale. Gentex (NASDAQ: GNTX) Raised to Outperform at Wells Fargo. H&R Block (NYSE: HRB) Cut [...]
SeekingAlpha.com (Free subscription) | 10/21/2009
Fifth Third Bancorp ( FITB ) – Shares of the bank holding company managed to rise 1% during the trading session to $10.69 despite the ‘sell’ recommendation assigned the firm at EVA Dimensions. One savvy option trader took profits by closing out a short put position in the January 2010 contract. It appears the investor originally sold 10,000 puts at the January 7.5 strike for approximately...
PR News Wire (Free subscription) | 10/16/2009
CINCINNATI, Oct. 16 /PRNewswire-FirstCall/ -- Fifth Third Bancorp (Nasdaq: FITB) today announced the appointment of Jewell Hoover and Emerson Brumback to the Bancorp board of directors.
MarketIntelligenceCenter.com (Free subscription) | 10/13/2009
Fifth Third Bancorp (NasdaqNM: FITB) opened at $10.20. So far today, the stock has hit a low of $9.98 and a high of $10.38. FITB is now trading at $10.17, down $0.02 (-0.2%). The stock hit its 52-Week high of $14.75 last October and set its 52-Week low of $1.01 in February. BofA/Merrill reinstated coverage on the stock today ...
SeekingAlpha.com (Free subscription) | 10/06/2009
Tom Brown submits: Take a look at the following, which appears in the valuation section of a sell-side report out last week on Fifth Third Bancorp ( FITB ), initiating coverage with a “Market Perform” rating. [W]e have opted for a price-to-tangible book value methodology, in light of the uncertainties surrounding earnings and true book value. FITB currently trades at 1.1x tangible book...
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