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Stock Market & Financial Investment News

News Breaks
January 23, 2014
06:33 EDTFITBFifth Third Bancorp reports Q4 EPS 43c, consensus 42c
Reports book value per share of $15.85; tangible book value per share of $13.00; down 1% from Q3 and up 5% from Q4 of last year. Reports Tier 1 common ratio 9.38% vs. 9.88% in Q3. Net charge-offs were $148M in Q4.
News For FITB From The Last 14 Days
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April 21, 2015
09:37 EDTFITBFifth Third says still reducing headcount in some areas
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09:21 EDTFITBFifth Third sees Q2 NIM 'slightly lower' than Q1, sees Q2 NII higher than Q1
Says current environment continues to challenge banks. Says "encouraged" by trends seen in February, March. Says "comfortable" with current portfolio. Says "no change" to FY15 NII expectations, even though current outlook includes no interest rate hike until Q4. Sees Q2 NII higher than Q1. Sees "relative stability" in NIM for remainder of year, sees NIM slightly lower in Q2 than Q1. Sees higher fee income in Q2 from Q1. Says not forecasting Q2 margins remaining at Q1 levels. Sees Q2 mortgage banking net revenue below Q1, but in line with last year's Q2. Sees higher expenses in next two quarters from Q1. Says "encouraged" by overall quality of new loans on balance sheet.Comments made on the Q1 earnings conference call. Fifth Third is up 1.11% in pre-market trading.
06:53 EDTFITBFifth Third sees $180M of repurchases under 2014 CCAR completed before Apr. 23
Expects $180M of share repurchases under 2014 CCAR plan to be completed on or before April 23. Says cash currently sufficient to satisfy all fixed obligations in a stressed environment for more than 18 months without accessing capital markets, relying on future dividends from subsidiaries or any other discretionary actions. Says continuing to target prudent risk/reward profile in lending. Comments from slides that will be presented on the Q1 earnings conference call.
06:33 EDTFITBFifth Third reports Q1 EPS 44c, consensus 37c
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April 20, 2015
15:37 EDTFITBNotable companies reporting before tomorrow's open
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