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Stock Market & Financial Investment News

News Breaks
December 12, 2012
16:34 EDTFITB, VNTVFifth Third Bancorp prepays $1B term debt, takes $134M pre-tax charge
Fifth Third (FITB) sold a total of 13.7M shares of Vantivís (VNTV) Class A common stock. The sale represents approximately 16.3% of Fifth Thirdís ownership position in Vantiv. Fifth Third expects to recognize a pre-tax gain of approximately $155M, approximately $100M after-tax, during Q4. Fifth Third has prepaid the $1B of FHLB term debt that was scheduled to mature on January 5, 2016. This action resulted in a prepayment charge of $134M pre-tax. Fifth Third expects net interest savings through the maturity date of approximately the same amount. This would represent approximately $40M-$45M in annual net interest income benefit, or approximately 4 bps benefit to net interest margin.
News For FITB;VNTV From The Last 14 Days
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November 19, 2014
07:51 EDTFITBClearing House Payments Company to hold a conference
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07:07 EDTVNTVCitigroup to hold a conference
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November 17, 2014
08:01 EDTVNTVVantiv investor sentiment at trough levels, says Jefferies
Jefferies believes Vantiv investor sentiment is at trough levels and that the numbers are not as bad as the stock price suggests. The firm sees an attractive entry point at current share levels and reiterates a Buy rating on the name with a $37 price target.
November 13, 2014
07:56 EDTVNTVVantiv shares particualrly attractive, says Oppenheimer
Oppenheimer suspects that investors are underestimating the accretion that Vantiv will see from Mercury. The firm reiterates a $40 price target and Outperform rating on Vantiv.

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