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Stock Market & Financial Investment News

News Breaks
December 12, 2012
16:34 EDTVNTV, FITBFifth 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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January 26, 2015
12:24 EDTVNTVVantiv names Kim Martin as Chief Human Resources Officer
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07:45 EDTFITBFifth Third Bancorp to buy back $180M of stock from Wells Fargo
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January 22, 2015
10:03 EDTFITBOn the Fly: Analyst Downgrade Summary
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09:08 EDTFITBFifth Third Bancorp price target lowered to $21 from $24 at Janney Capital
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08:22 EDTFITBFifth Third Bancorp downgraded to Market Perform at FBR Capital
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08:07 EDTVNTVVantiv called a top pick for 2015 at Jefferies
Jefferies calls Vantiv a top pick for 2015 but notes the consensus estimates for 2015 may be slightly too high. The firm thinks the company's 2015 guidance could be convsertaive, and it recommends using any share pullback following the earnings report on February 12 as a buying opportunity. It keeps a Buy rating on the stock with a $40 price target.
06:13 EDTFITBFifth Third Bancorp downgraded to Market Perform from Outperform at FBR Capital
January 21, 2015
16:35 EDTFITBOn The Fly: Closing Wrap
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09:50 EDTFITBFifth Third Bancorp says seeing pick-up in mortgage apps early in quarter
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09:34 EDTFITBFifth Third Bancorp sees achieving FY15 efficiency ratio in "low-60s"
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09:30 EDTFITBFifth Third Bancorp sees FY15 total revenue to exceed FY14 core revenues
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09:21 EDTFITBFifth Third Bancorp says pleased with credit metrics as 2015 begins
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09:16 EDTFITBOn The Fly: Pre-market Movers
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09:08 EDTFITBFifth Third Bancorp says facing near-term headwinds like others in industry
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07:27 EDTFITBFifth Third Bancorp says sees lower NII in Q1
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06:32 EDTFITBFifth Third Bancorp reports Q4 EPS 43c, consensus 42c
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January 20, 2015
15:21 EDTFITBNotable companies reporting before tomorrow's open
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