|Bid||0.00 x 36900|
|Ask||0.00 x 900|
|Day's Range||30.91 - 31.81|
|52 Week Range||23.20 - 34.67|
|PE Ratio (TTM)||11.22|
|Forward Dividend & Yield||0.64 (1.88%)|
|1y Target Est||N/A|
President Donald Trump on Thursday signed into law a measure that loosens key restraints for banks imposed after the 2008 financial crisis and Great Recession. The Republican-crafted bill passed Congress on Tuesday with the help of some Democratic votes and allowed Trump to fulfill his campaign pledge of dismantling the landmark Dodd-Frank law. The 2010 law was enacted by President Barack Obama and Democrats in Congress in response to the crisis that brought millions of lost jobs and foreclosed homes, and a taxpayer bailout of hundreds of billions for banks on Wall Street and beyond.
Fifth Third Bancorp has officially named its newest chief legal officer. Susan Zaunbrecher, a former partner at Cincinnati law firm Dinsmore & Shohl who Fifth Third brought in last month, was officially named to chief legal officer on Thursday.
GreenSky LLC, an online platform for consumers to get loans for home improvements or cosmetic surgery, made its market debut on Thursday, with shares rising slightly above the initial public offering price. The Atlanta-based firm's upsized initial public offering of 38 million shares was priced at $23 per share earlier on Thursday, raising about $874 million. "Our ambitions are to continue to grow and be a very, very large company," Chief Executive David Zalik said in a telephone interview.
The U.S. Senate voted on Thursday to confirm former banker Jelena McWilliams to serve as chair of the Federal Deposit Insurance Corporation , completing President Donald Trump's team of key banking regulators. ...
Ratings of MB Financial (MBFI) under review for an upgrade by Moody's Investors Service, following announcement of the stock-cash acquisition deal with Fifth Third (FITB).
Fifth Third (FITB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Moody's Investors Service has placed the ratings of MB Financial, Inc. (senior unsecured shelf (P)Ba1) and its lead bank MB Financial Bank, National Association (MB Financial, issuer rating Ba1) on review for upgrade following the company's announcement that it has entered into a definitive agreement to be acquired by Fifth Third Bancorp (Fifth Third, senior unsecured Baa1) for $4.7 billion.
Last week's shooting at Santa Fe High School brought Charlotte-based Bank of America Corp. under fire once again for its decision to back a lending package to save assault-rifle manufacturer Remington Outdoor from bankruptcy.
Analysts’ opinions of Fifth Third Bancorp’s stock prospects soured after Cincinnati’s largest locally based bank said Monday it will buy Chicago-based MB Financial Inc. for $4.7 billion.
President Donald Trump indicated Wednesday that he's eager to sign a bill that would dismantle a chunk of the rules framework for banks, installed to prevent recurrence of the 2008 financial crisis that brought millions of lots jobs and foreclosed homes. The House voted 258-159 on Tuesday to approve legislation rolling back the Dodd-Frank law, notching a legislative win for Trump, who made gutting the landmark law a campaign promise. The Republican-led legislation, pushed by Wall Street banks as well as regional banks and smaller institutions, garnered 33 votes from House Democrats.
The US’s banks have largely sat out the mergers and acquisitions wave of recent years. While deal records have fallen in almost every other sector, big banks have done almost nothing , shrinking rather ...
WASHINGTON (AP) — Congress moved Tuesday to dismantle a chunk of the rules framework for banks, installed to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and foreclosed homes.
The House of Representatives is set to pass a significant rollback of post-crisis regulations for mid-size and community banks. The bipartisan effort, referred to as the Crapo bill after co-author Senator Mike Crapo of Idaho, removes a set of stricter regulatory standards for banks with assets up to $250 billion. Previously under the 2010 Dodd-Frank financial regulatory overhaul, banks with assets of $50 billion or more were subject to stricter regulation and oversight.
It's the first time the company has tapped a funding source other than its own internal operating cash flow.
Fifth Third agreed to buy MB Financial in a deal that values the company at 2.76x tangible book value and tangible book value dilution of 7.7 percent, George said in a note. Investors may have reason to be "struggling" with the TBV dilution and the new M&A deal puts at risk the improving pace of organic capital return.
By Kristen Haunss NEW YORK, May 22 - Fifth Third has hired Joshua Sosland as a managing director in the debt capital markets group to oversee middle market loan syndications. Sosland, who joined the bank ...
On Monday, Fifth Third Bancorp (FITB) announced that it will buy fellow bank MB Financial (MBFI) for $54.20 per share in a cash-and-stock deal valued at $4.7 billion. While, M&A has been a popular way to boost growth during the slow recovery from the financial crisis, banks have been left out of the party. Congress is also on the cusp of rolling back the financial rules put in place after the financial crisis, as well.
The S&P 500’s top losses on May 21 were: Fifth Third Bancorp (FITB) declined 7.9%. Celgene (CELG) declined 4.7%. Symantec (SYMC) declined 2.7%. Allergan (AGN) declined 2.7%. Campbell Soup (CPB) declined 2.3%. Fifth Third Bancorp
Fifth Third Bancorp said Monday it has agreed to buy MB Financial Inc. in a mostly stock deal, further expanding Fifth Third’s presence in Chicago. The companies valued the transaction at $4.7 billion, though a sharp drop in Fifth Third’s stock pushed that value down. Analysts questioned the deal’s price tag, which is at a 24% premium to MB Financial’s value on Friday.
Fifth Third Bancorp’s $4.7 billion deal to acquire small Chicago-based lender MB Financial is a sign that positive animal spirits have returned to the banking world. Investors should expect many more mergers and acquisitions. Rather, it has everything to do with Fifth Third’s high share price, capital reserves and confidence level.
The Dow Jones Industrial Average jumped nearly 300 points today. If the Dow Jones Industrial Average's slump from its January high was about the potential for a trade war, then one of the biggest impediments to further gains appears to have been removed today. In tweets and other reports, the White House appeared to suggest that it would hold off on placing tariffs on China in favor of negotiations.