Fifth Third Bancorp in share repurchase pact with Morgan Stanley

theflyonthewall.com

Fifth Third Bancorp (FITB) disclosed in a filing, that on July 21, Fifth Third Bancorp entered into a share repurchase agreement with Morgan Stanley (MS) pursuant to which Fifth Third will purchase approximately $225M of its outstanding common stock. Fifth Third is repurchasing the shares of its common stock as part of its 100M share repurchase program previously announced on March 18.

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