Results tagged “FITB” from MarketMinute.com Stock News

Fifth Third Bancorp (Nasdaq: FITB) narrowed fourth quarter losses to 20 cents per share from $3.78 per share in the year ago period and posted a profit of 67 cents per share for the full year compared with a loss of $3.91 per share last year. The stock price rose $1.12 to $12.43.

Analysts expect solid earnings from banks. Shares of Fifth Third Bancorp (Nasdaq: FITB) climbed 62 cents to $7.16 and J.P. Morgan (NYSE: JPM) soared $2.37 to close at $34.71.

 

Shares of Alabama-based Regions Financial Corp. (NYSE: RF) continued to slide by falling 78 cents to $4.11 after selling new stock at only $4 a share. Shares of Fifth Third Bancorp (Nasdaq: FITB) also lost ground by dropping 82 cents to $6.89.

Fitch Ratings warned that it may downgrade Fifth Third Bancorp (Nasdaq: FITB) and Wells Fargo & Co. (NYSE: WFC). Shares of Fifth Third Bancorp fell 42 cents to close at $7.10 while Wells Fargo stock lost 82 cents to close at $24.87.

Shares of Fifth Third Bancorp (Nasdaq: FITB) surged $3.09 to $8.44 after analysts upgraded the regional bank.

Fifth Third Bancorp (Nasdaq: FITB) has refinanced over $21 million in Freddie Mac loans.  The stock price soared 98 cents to close at $4.83.

Renewed concerns about credit losses weighed down shares of Fifth Third Bancorp ( Nasdaq: FITB) $1.18 to close at $3.65, Huntington Bancshares Inc. (Nasdaq: HBAN) 78 cents to close at $3.11 and Regions Financial (NYSE: RF) $1.43 to close at $5.80.

 

Moody's Investors Service downgraded Fifth Third Bancorp (Nasdaq: FITB)  while the Financial Industry Regulatory Authority fined the company $1.75 million.  The stock price tumbled 75 cents to $3.59.

Banking stocks continued to rally on turnaround hopes.  Shares of Citigroup Inc. (NYSE: C) leaped 76 cents to close at $3.80 and Fifth Third Bancorp (Nasdaq: FITB) surged 76 cents to close at $4.34.

Fifth Third Bancorp (Nasdaq: FITB) made an initial $42.6 million in dividend payments to the Treasury Department sending the stock price soaring 44 cents to close at $2.92.

The banking sector rally sparked by Fed chief Bernanke's comments that the recession may lift by the end of the year lifted shares of Fifth Third Bancorp (Nasdaq: FITB) 8 cents to close at $1.83 and Huntington Bancshares Inc. (Nasdaq: HBAN) 20 cents to close at $1.76.

Shares of Fifth Third Bancorp (Nasdaq: FITB) soared 26 cents to close at $1.65 and Huntington Bancshares Inc. (Nasdaq: HBAN) surged 26 cents to close at $1.34 after Citigroup said it was profitable for the first two months of the year.

Investors relieved that banks will not be nationalized lifted shares of Fifth Third Bancorp (Nasdaq: FITB) 39 cents to $2.33, SunTrust Banks (NYSE: STI) $2.20 to $13.10 and Zions Bancorp (Nasdaq: ZION) $1.36 to $10.98.

Shares of banking stocks Fifth Third Bancorp (Nasdaq: FITB) surged 49 cents to close at $1.94,  Huntington Bancshares Inc. (Nasdaq: HBAN) climbed 25 cents to close at $1.66 and Regions Financial Corp. (NYSE: RF) gained 47 cents to close at $3.76 after Fed Chief Ben Bernanke again dismissed the possibility of nationalizing banks and discussed stress tests that will be conducted on banks.

Shares of Huntington Bancshares Inc. (Nasdaq: HBAN) plunged 72 cents to $1.89 and Fifth Third Bancorp (Nasdaq: FITB) plummeted 80 cents to $2.09 over doubts about the effectiveness of the government bailout plan.

Shares of regional banks Fifth Third Bancorp (Nasdaq: FITB) leaped 96 cents to $2.60, Huntington Bancshares Inc. (Nasdaq: HBAN) surged 62 cents to $2.41 and Regions Financial Corp. (NYSE: RF) jumped $1.43 to $4.26 as investors anticipate further government assistance for beleagured banks.

Bernstein & Co. analyst Kevin St. Pierre downgraded Fifth Third Bancorp (NYSE: FITB) and lowered his price target on the regional bank saying that it will need a such a large infusion of capital that investors will be significantly diluted.  The stock price plunged 66 cents to close at $2.39.

Fifth Third Bancorp (Nasdaq: FITB) reported $2.2 billion in losses in the fourth quarter due to rising loan defaults.  The stock price slumped $1.22 to $2.77.

Shares of Fifth Third Bancorp (Nasdaq: FITB) rose 40 cents to close at $8.47 and Huntington Bancshares (Nasdaq: HBAN) soared $1.17 to close at $9.17 after the regional banks applied to participate in the government capital infusion program.

 

Citi Investment Research analyst Keith Horowitz upgraded KeyCorp (NYSE: KEY), Fifth Third Bancorp (Nasdaq: FITB) and Comerica Inc. (NYSE: CMA) citing the government's plan to purchase shares in the nation's leading banks.  Shares of KeyCorp jumped $4.21 to close at $11.97 while Fifth Third Bancorp stock climbed $2.34 to close at $13.21.  Comerica stock soared $5.10 to close at $29.75.