27.82 0.00 (0.00%)
After hours: 6:35PM EDT
|Bid||27.82 x 800|
|Ask||27.99 x 1000|
|Day's Range||27.73 - 29.00|
|52 Week Range||22.12 - 34.67|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||9.09|
|Earnings Date||Apr 23, 2019|
|Forward Dividend & Yield||0.88 (3.06%)|
|1y Target Est||30.16|
U.S. stock indexes closed mostly lower Tuesday after a late-afternoon splash of selling erased early gains, ending a weeklong rally.
NEW YORK , March 18, 2019 /PRNewswire/ -- S&P SmallCap 600 constituent First Financial Bankshares Inc. (NASD: FFIN) will replace MB Financial Inc. (NASD: MBFI) in the S&P MidCap 400, and Ferro Corp. (NYSE: ...
Financial technology stock Worldpay could be added to the S&P 500 index, a positive development that could open it to more institutional buying, an analyst says. Worldpay stock rose Friday.
Fifth Third Bancorp is laying off 30 employees at a Greater Cincinnati location in the wake of a recent acquisition.
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Fifth Third Bank opened a museum on the ground floor of its headquarters building on Fountain Square to honor the bank’s 161-year history.
Fifth Third Bank will expand its lobby to create a new front door on its highly visible Fountain Square headquarters building.
Citigroup (C) is likely to deliver additional productivity benefits and savings of $500-$600 million in 2019 and 2020. Also, significant improvements in operating efficiency are expected.
It was another win for the market on Tuesday, but clearly not as impressive as Monday's. The S&P 500 ended Tuesday higher by 0.3%, having given up more than half of its intraday gain before the closing bell rang.Sirius XM Holdings (NASDAQ:SIRI) set the tone, gaining 2.9%, though Advanced Micro Devices (NASDAQ:AMD) wasn't far behind with its 2.3% rally.At the other end of the spectrum, Boeing (NYSE:BA) fell another 6.1% as the fallout from yet another 737 crash. Although the FAA affirms the new plane is still airworthy, investors are nervous that the plane has been banned in several countries.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNone of them make for great trading prospects headed into this week's hump-day, however. Rather, it's the stock charts of Fifth Third Bancorp (NASDAQ:FITB), Brown-Forman (NYSE:BF.B) and Westrock (NYSE:WRK) that are of the most interest. Here's why. Brown-Forman (BF.B)It's complicated. Sometimes it's not the first effort that puts a new trend in motion, but the second effort. And, sometimes it takes a jolt to make the bulls and the bears either put up or shut up. * The 10 Best Stocks to Buy for the Bull Market's Anniversary That's what's unfurling with Brown-Forman right now … for the better. Last week's breakout thrust was upended in spectacular fashion, but when faced with a choice to either try again or throw in the towel, the buyers tried again using the exact tools they needed to in order to get the rebound rally going in earnest. Click to Enlarge • The bigger-picture buy trigger here is last week's move above the white 200-day moving average line, and the cross back above it at the end of last week.• The setback in between those two crossovers is just as telling though. Any non-believers were likely flushed out, but even before that day's closing bell rang, the bulls were testing the waters again.• The one thing missing with the rally effort is volume. It's fading on the way up. It will need to rise on the way up if the rally is to last. Westrock (WRK)With nothing more than a quick glance, Westrock looks troubled. And, maybe it is. The past several turnaround attempts have all been thwarted, and relatively quickly. The last time was no different.The last failed effort to turn things around, however, did highlight a slow but subtle shift for the better. This is the best rebound effort we've seen from WRK yet. There's just a little more work to be done before getting over the hump. Click to Enlarge • What's different this time is the most recent low. For the first time since early 2018, Westrock hasn't made a lower low. Last week's low was in-line with last month's, and above December's bottom.• The stall at the purple 50-day moving average line in nothing new. And, while Westrock technically closed above that mark yesterday, we've seen that happen before to no avail.• It's not easily evident with the accumulation-distribution line or with the Chaikin line, but there's growing bullish volume here. There has been since November. The would-be buyers are out there, if they see enough persistent strength. Fifth Third Bancorp (FITB)Most banks have been on a roll of late, and Fifth Third has been no exception. But, most banks stocks aren't moving into the same bullish scenario FITB shares are. One more good day could get the stock over a critical hump, and it's starting that effort out on a very bullish foot.There's just one last ceiling that needs to be cleared. Click to Enlarge • The ceiling in question is $28.07, plotted with a yellow dashed line on both stock charts. That's where Fifth Third shares have peaked several times since November.• It's not yet over that hump, but it's within striking distance. And this time, a move above that mark would also mean a move above the 200-day moving average, plotted in white.• The work is starting with a strong tailwind. Yesterday's volume was huge, suggesting a lot of bulls are waiting on standby, and the current surge was built by pushing up and off the support at the purple 50-day moving average line.• The shape of the action since October also hints at an upside-down head-and-shoulders pattern, bolstering the bullish case.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy Under 15x Earnings * 7 Dark Horse Stocks That Deserve Your Attention in 2019 * 5 Disruptive Technologies That Are Moving Too Fast Compare Brokers The post 3 Big Stock Charts for Wednesday: Brown-Forman, Westrock and Fifth Third appeared first on InvestorPlace.
The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing mostly higher on Wall Street, extending gains for the S&P 500 index into a second day. Technology and health ...
The Federal Reserve Board has approved Fifth Third Bancorp’s application to acquire Chicago-based MB Financial Inc. in a deal valued at $4.7 billion, paving the way for the acquisition to be completed this week.
Fifth Third Bancorp NASDAQ/NGS:FITBView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for FITB with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting FITB. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold FITB had net inflows of $1.37 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Comerica's (CMA) stellar revenue and earnings growth prospects along with involvement in strategic efforts to grow efficiency make it an attractive stock.
Worldpay (NYSE:WP) stock is in the financial world's transaction services sector. And it has been there a very long time under various forms.Source: Shutterstock Basically, transactions servicing is moving money from consumers to merchants or to banks, or any combination of those transactions. It may be easier to think of what Visa (NYSE:V) does -- it's the middleman in transactions, assuring a safe and accurate movement from one account to another.The key difference between what WP and V do is, Worldpay it doesn't have a consumer facing business. It focuses more on working among financial institutions and merchants.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs the world becomes more digital, and we start to transition to the first phase of a cashless society, these payment processing firms are starting to gain global traction.You see, the move to e-commerce is in the interest of financial institutions, merchants (especially large, multinational ones) and even governments. E-commerce provides a digital trail that can be followed from one account to another.That means banks don't have to deal with counting, storing and moving bulky cash. For merchants, they don't have to count it, deposit it and leave some sitting around for various payouts to vendors, etc. * 5 Airline Stocks In Serious Trouble This is why businesses and financial institutions love the concept of cashless. It makes transactions and account transfers frictionless. The History of WP StockAnd this is what payment processors like WP do. They allow these payments to flow with as little friction as possible while keeping everything organized, secure and transparent. Originally a spinoff from regional financial institution Fifth Third Bancorp (NASDAQ:FITB) around 1990 to help it expand its ATM business, it continued to find opportunities in the growing transaction services sector.In 2011, that spinoff became Vantiv and was listed on the New York Stock Exchange in 2012.Since then, like most of the big players in this sector, it has been on a buying spree, snapping up smaller firms in the sector. This has been the strategy for growth since it's cheaper (for now) to buy a small firm in a particular sector or region than it is to try to compete and establish your own brand.By 2017, Vantiv was one of the Forbes 2017 Fast Tech 25 as one of the fastest growing tech firms in the U.S.It's no surprise then, that at the same time Vantiv had been in and out of talks with the UK's largest payment processing company, Worldpay. In late 2017 they cut a deal.Vantiv bought Worldpay for $10.4 billion. And after all was said and done, Vantiv took the name Worldpay and now covers 146 countries, 126 transaction currencies and 300 alternative payment forms, and processes 40 billion transactions a year.And the thing is, WP stock's market cap is about one tenth the size of V and Mastercard. That makes it a very interesting growth stock in a high-growth sector for the next five years or more.And at some point, it may even be a merger target of one of the big financial institutions looking to get into the space.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks Already Rewarding Shareholders In 2019 * The 10 Best-Performing ETFs This Year * 7 Stocks That Should Be Worried About a Data Dividend Compare Brokers The post High Growth Investments: Donat Let Worldpay Slip Through Your Fingers appeared first on InvestorPlace.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Fifth Third Bancorp (FITB) have what it takes? Let's find out.
Investors' sentiment shaken on global issues, leading banking stocks to put up a lackluster show during the week.
M&T Bank's (MTB) decision to raise CEO's pay by 57% reflects the company's improving financial position and keeps investors optimistic about its growth prospects.
Fifth Third (FITB) and MB Financial receive the Federal Reserve's approval to complete the merger, under which the former will acquire the latter.
Fifth Third Bancorp (FITB) and MB Financial, Inc. (MBFI) jointly announced today that Fifth Third Bancorp has received all necessary regulatory approvals for completion of the transactions contemplated in the companies’ merger agreement dated May 20, 2018. The merger received the necessary approvals from MB Financial common stockholders in September 2018. Primary systems conversion is expected to occur in early May 2019, and MB Financial Bank customers will receive notifications relating to the conversion and the merger of the two banks.
The Federal Reserve on Wednesday approved Fifth Third Bancorp's purchase of Chicago-based MB Financial . Fifth Third agreed to buy the bank for $4.7 billion, mostly in stock. When the deal is completed, Fifth Third will become the 21st largest insured depository institution in the United States, the Fed said.
The U.S. Federal Reserve Board on Wednesday approved the acquisition of MB Financial Inc. by Fifth Third Bancorp. Fifth Third will indirectly acquire MB Financial's subsidiary bank, MB Financial Bank of ...