Fifth Third Bancorp NASDAQ: FITB bank - środkowy zachód USA

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slayer74
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Fifth Third Bancorp NASDAQ: FITB bank - środkowy zachód USA

Postautor: slayer74 » 01 sie 2021 13:31

Obrazek
Obrazek

wykres
https://finance.yahoo.com/chart/FITB
https://stockcharts.com/h-sc/ui?s=fitb

Fifth Third Bancorp NASDAQ: FITB - (5/3 Bank) is a bank headquartered in Cincinnati, Ohio, at Fifth Third Center. It is the principal subsidiary of Fifth Third Bancorp, a diversified bank holding company. One of the largest consumer banks in the Midwestern United States, it operates 1,154 branches and 2,469 automated teller machines in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina. The name "Fifth Third" is derived from the names of the bank's two predecessor companies, Third National Bank and Fifth National Bank, which merged in 1909.

https://en.wikipedia.org/wiki/Fifth_Third_Bank
www.53.com

dywidendy
https://finviz.com/quote.ashx?t=FITB
https://www.nasdaq.com/market-activity/ ... nd-history
https://seekingalpha.com/symbol/FITB/dividends/history
Ostatnio zmieniony 01 sie 2021 13:46 przez slayer74, łącznie zmieniany 2 razy.
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slayer74
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Re: Fifth Third Bancorp NASDAQ: FITB bank - środkowy zachód USA

Postautor: slayer74 » 01 sie 2021 13:36

Undervalued Dividend Growth Stock of the Week: Fifth Third Bancorp (FITB)
by Jason Fieber, Mr. Free at 33 • August 1, 2021

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Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!

slayer74
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Re: Fifth Third Bancorp NASDAQ: FITB bank - środkowy zachód USA

Postautor: slayer74 » 10 kwie 2022 16:30

Undervalued Dividend Growth Stock of the Week: Fifth Third Bancorp (FITB)
by Jason Fieber, Mr. Free at 33 • April 10, 2022

Obrazek

https://dailytradealert.com/2022/04/10/ ... rp-fitb-3/
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!

slayer74
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Re: Fifth Third Bancorp NASDAQ: FITB bank - środkowy zachód USA

Postautor: slayer74 » 21 wrz 2022 23:58

On September 12, 2022, Fifth Third Bancorp (FITB) declared a quarterly dividend of $0.33 per share, up 10% from the previous quarterly dividend of $0.30 per share. This marks 12 consecutive years of dividend increases by the bank holding company.

The next FITB dividend of $0.33 per share is payable on October 17, 2022 to shareholders of record as of September 30, 2022. A new annualized dividend rate of $1.32 per share yields 3.6% to Fifth Third Bancorp shareholders at a stock price of $36.52. The next ex-dividend date for FITB stock is September 29, 2022.
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!

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Re: Fifth Third Bancorp NASDAQ: FITB bank - środkowy zachód USA

Postautor: slayer74 » 13 mar 2023 15:29

Silicon Valley Bank [SVB] Collapse
-23% :shock: :twisted:
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Re: Fifth Third Bancorp NASDAQ: FITB bank - środkowy zachód USA

Postautor: slayer74 » 20 lip 2023 16:00

(Reuters) - Fifth Third Bancorp (NASDAQ:FITB) on Thursday posted a better-than-expected second-quarter profit, as interest rate hikes by the U.S. central bank boosted its interest income.

On an adjusted basis, the Ohio-based bank earned 87 cents per share, beating analysts' average estimate of 83 cents, according to Refinitiv data.

The bank's shares, down 13% this year, were up 1.2% in premarket trading.

The rigorous rate hike cycle by the Federal Reserve has allowed lenders to boost their interest income by charging higher interest on loans.

Fifth Third's net interest income - the difference between the income from loan interests and payout on deposits - jumped 9% to $1.46 billion.

However, the lender trimmed its full-year NII growth forecast range to 3% to 5%, from 7% to 10%.

Successive rate hikes by the central bank has made borrowing costly, suggesting that consumers might deter from seeking loans, thereby causing a drop in loan demands in the near future.

After a spate of bank runs earlier this year, deposits at banks have now stabilized. Average deposits at Fifth Third Bancorp was $160.86 billion, flat sequentially.

The result trails major U.S. regional banks who saw their shares rise on the back of higher interest income and stabilized deposits after the banking crisis in the previous quarter sparked industry turmoil.
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!

slayer74
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Re: Fifth Third Bancorp NASDAQ: FITB bank - środkowy zachód USA

Postautor: slayer74 » 08 sie 2023 22:49

Obrazek

Aug 7 (Reuters) - Moody's cut credit ratings of several small to mid-sized U.S. banks on Monday and said it may downgrade some of the nation's biggest lenders, warning that the sector's credit strength will likely be tested by funding risks and weaker profitability.

Moody's cut the ratings of 10 banks by one notch and placed six banking giants, including Bank of New York Mellon (BK.N), US Bancorp (USB.N), State Street (STT.N) and Truist Financial (TFC.N) on review for potential downgrades.

"Many banks' second-quarter results showed growing profitability pressures that will reduce their ability to generate internal capital," Moody's said in a note.

"This comes as a mild U.S. recession is on the horizon for early 2024 and asset quality looks set to decline, with particular risks in some banks’ commercial real estate (CRE)portfolios."

Moody's said elevated CRE exposures are a key risk due to high interest rates, declines in office demand as a result of remote work, and a reduction in the availability of CRE credit.

The agency also changed its outlook to negative for eleven major lenders, including Capital One (COF.N), Citizens Financial (CFG.N) and Fifth Third Bancorp (FITB.O).

The collapse of Silicon Valley Bank and Signature Bank earlier this year sparked a crisis of confidence in the U.S. banking sector, leading to a run on deposits at a host of regional banks despite authorities launching emergency measures to shore up confidence.

Still, Moody's cautioned that banks with sizable unrealized losses that are not reflected in their regulatory capital ratios are vulnerable to a loss of confidence in the current high-rate environment.

The sweeping report comes against the backdrop of tightening monetary conditions after the fastest pace of interest rate increases by the Federal Reserve in decades slows demand and borrowing.

The higher rates have also raised the spectre of recession and put pressure on sectors such as real estate to adjust to post-pandemic realities.

Federal Reserve survey data released last week showed U.S. banks reported tighter credit standards and weaker loan demand from both businesses and consumers during the second quarter.

Morgan Stanley analysts said the loan demand is likely to continue to weaken, with the rate of change slowing further.

Rating agency peer Fitch has downgraded the United States by a notch to AA+ due to fiscal deterioration over the next three years and repeated down-to-the-wire debt ceiling negotiations.

The downgraded banks by Moody's include M&T Bank (MTB.N), Pinnacle Financial Partners (PNFP.O), Prosperity Bank and BOK Financial Corp (BOKF.O).

Reporting by Juby Babu in Bengalurua and Ankur Banerjee in Singapore; Editing by Shri Navaratnam and Stephen Coates

NEW YORK (Reuters) -Ratings agency Moody's (NYSE:MCO) said the U.S. banking sector is still strong even after it downgraded some small- to mid-sized lenders and warned it might cut the ratings of several major banks.

"What we're doing here is recognizing some headwinds - we're not saying that the banking system is broken," Ana Arsov, managing director of financial institutions at Moody's, told Reuters in an interview.

An S&P index of bank stocks slid 2% after Moody's took action on 27 lenders on Monday, highlighting the challenges of higher interest rates, climbing funding costs and a looming recession that would weigh on profits.

"As you look ahead, it doesn't feel like the pressure from interest rates being higher and overall monetary policy tightening is close to abating," said Jill Cetina, an associate managing director at Moody's.

The rating changes stemmed from the likelihood that bank profits will shrink in the coming quarters, Arsov said. As the economy worsens, more borrowers will fall behind on loan payments and eventually default.

"Losses can only go up from now on," Arsov added, in areas such as consumer loans and commercial real estate.

Bank profit margins will continue to be compressed as they pay higher rates to customers to retain deposits.

"We've seen funding strains in the banking sector," Cetina said. "The interest rate risk, I think, was something that the U.S. banking sector was not prepared particularly well for, and because of that, we have some challenges at certain banks."
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!

slayer74
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Posty: 44305
Rejestracja: 19 lip 2005 13:21
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Re: Fifth Third Bancorp NASDAQ: FITB bank - środkowy zachód USA

Postautor: slayer74 » 08 sie 2023 22:51

Obrazek

Aug 7 (Reuters) - Moody's cut credit ratings of several small to mid-sized U.S. banks on Monday and said it may downgrade some of the nation's biggest lenders, warning that the sector's credit strength will likely be tested by funding risks and weaker profitability.

Moody's cut the ratings of 10 banks by one notch and placed six banking giants, including Bank of New York Mellon (BK.N), US Bancorp (USB.N), State Street (STT.N) and Truist Financial (TFC.N) on review for potential downgrades.

"Many banks' second-quarter results showed growing profitability pressures that will reduce their ability to generate internal capital," Moody's said in a note.

"This comes as a mild U.S. recession is on the horizon for early 2024 and asset quality looks set to decline, with particular risks in some banks’ commercial real estate (CRE)portfolios."

Moody's said elevated CRE exposures are a key risk due to high interest rates, declines in office demand as a result of remote work, and a reduction in the availability of CRE credit.

The agency also changed its outlook to negative for eleven major lenders, including Capital One (COF.N), Citizens Financial (CFG.N) and Fifth Third Bancorp (FITB.O).

The collapse of Silicon Valley Bank and Signature Bank earlier this year sparked a crisis of confidence in the U.S. banking sector, leading to a run on deposits at a host of regional banks despite authorities launching emergency measures to shore up confidence.

Still, Moody's cautioned that banks with sizable unrealized losses that are not reflected in their regulatory capital ratios are vulnerable to a loss of confidence in the current high-rate environment.

The sweeping report comes against the backdrop of tightening monetary conditions after the fastest pace of interest rate increases by the Federal Reserve in decades slows demand and borrowing.

The higher rates have also raised the spectre of recession and put pressure on sectors such as real estate to adjust to post-pandemic realities.

Federal Reserve survey data released last week showed U.S. banks reported tighter credit standards and weaker loan demand from both businesses and consumers during the second quarter.

Morgan Stanley analysts said the loan demand is likely to continue to weaken, with the rate of change slowing further.

Rating agency peer Fitch has downgraded the United States by a notch to AA+ due to fiscal deterioration over the next three years and repeated down-to-the-wire debt ceiling negotiations.

The downgraded banks by Moody's include M&T Bank (MTB.N), Pinnacle Financial Partners (PNFP.O), Prosperity Bank and BOK Financial Corp (BOKF.O).

Reporting by Juby Babu in Bengalurua and Ankur Banerjee in Singapore; Editing by Shri Navaratnam and Stephen Coates

NEW YORK (Reuters) -Ratings agency Moody's (NYSE:MCO) said the U.S. banking sector is still strong even after it downgraded some small- to mid-sized lenders and warned it might cut the ratings of several major banks.

"What we're doing here is recognizing some headwinds - we're not saying that the banking system is broken," Ana Arsov, managing director of financial institutions at Moody's, told Reuters in an interview.

An S&P index of bank stocks slid 2% after Moody's took action on 27 lenders on Monday, highlighting the challenges of higher interest rates, climbing funding costs and a looming recession that would weigh on profits.

"As you look ahead, it doesn't feel like the pressure from interest rates being higher and overall monetary policy tightening is close to abating," said Jill Cetina, an associate managing director at Moody's.

The rating changes stemmed from the likelihood that bank profits will shrink in the coming quarters, Arsov said. As the economy worsens, more borrowers will fall behind on loan payments and eventually default.

"Losses can only go up from now on," Arsov added, in areas such as consumer loans and commercial real estate.

Bank profit margins will continue to be compressed as they pay higher rates to customers to retain deposits.

"We've seen funding strains in the banking sector," Cetina said. "The interest rate risk, I think, was something that the U.S. banking sector was not prepared particularly well for, and because of that, we have some challenges at certain banks."
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!

slayer74
Kapitan
Posty: 44305
Rejestracja: 19 lip 2005 13:21
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Re: Fifth Third Bancorp NASDAQ: FITB bank - środkowy zachód USA

Postautor: slayer74 » 20 sie 2023 19:42

Undervalued Dividend Growth Stock of the Week: Fifth Third Bancorp (FITB)
by Jason Fieber, Mr. Free at 33 • April 10, 2022

Obrazek

https://dailytradealert.com/2022/04/10/ ... rp-fitb-3/
Undervalued Dividend Growth Stock of the Week: Fifth Third Bancorp (FITB)
by Jason Fieber, Mr. Free at 33 • August 20, 2023


Obrazek

https://dailytradealert.com/2023/08/20/ ... rp-fitb-5/

This Stock Yields 5% and is Still Trading at a Significant Discount
https://www.youtube.com/watch?v=23z9yaU_bhY
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!

slayer74
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Re: Fifth Third Bancorp NASDAQ: FITB bank - środkowy zachód USA

Postautor: slayer74 » 17 paź 2023 13:58

Fifth Third Bancorp shares rise, outperforming major competitors

In the midst of a bullish trading session on Monday, Fifth Third Bancorp (NASDAQ:FITB) experienced a 1.73% increase in its share price to $24.69, snapping a two-day losing streak. This rise was noted during a day when major indices such as the S&P 500 and Dow Jones also climbed over 1%.

The bank's share price, while on an upward trend, still lags $13.37 behind its one-year high, which was recorded in February 2023. The increase in Fifth Third Bancorp's share price outpaced those of competitors like Bank of America (NYSE:BAC), which rose by 0.86%, and even more notably surpassed JPMorgan (NYSE:JPM), which saw a slight dip of 0.10%. Wells Fargo (NYSE:WFC), however, experienced a surge close to Fifth Third Bancorp's with a rise of 1.68%.

While the bank's performance was positive, it's worth noting that the trading volume for Fifth Third Bancorp was lower than usual. With only 4.8 million shares traded, this figure remains below the company's average 50-day trading volume. The bank managed to break its recent losing streak and outperform some of its major competitors on Monday, despite this lessened activity.

InvestingPro data reveals that Fifth Third Bancorp has a market cap of $16810.0M USD, with a P/E ratio of 6.96, indicating that the company is trading at a low earnings multiple. This aligns with one of the InvestingPro Tips, which suggests that the company is indeed trading at a low earnings multiple. The bank's revenue growth has been accelerating, with a quarterly growth of 9.25% in FY2023.Q2.

The bank also boasts a high shareholder yield, with a dividend yield of 5.77% as of 2023. This is consistent with another InvestingPro Tip that highlights the bank's history of maintaining dividend payments for 49 consecutive years.

In addition, 10 analysts have revised their earnings upwards for the upcoming period, predicting that the company will be profitable this year. The bank has indeed been profitable over the last twelve months, with an operating income of $3263M USD in LTM2023.Q2.
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!

slayer74
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Posty: 44305
Rejestracja: 19 lip 2005 13:21
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Re: Fifth Third Bancorp NASDAQ: FITB bank - środkowy zachód USA

Postautor: slayer74 » 21 paź 2023 17:02

In the third quarter of 2023, Fifth Third Bancorp (NASDAQ:FITB), guided by CEO Tim Spence, exceeded sales estimates with $2.16 billion and surpassed adjusted EPS predictions at 92 cents. The bank's performance was bolstered by a 44% year-on-year increase in interest income to $2.54 billion. This aligns with real-time data from InvestingPro, which shows a revenue growth of 5.55% for the last twelve months (LTM2023.Q2). Even as net interest income (NII) dipped 4% year-on-year, the company managed to maintain strong operating income margins of 39.75%, as per InvestingPro metrics.

Credit loss provisions fell 25% year-on-year to $119 million due to a shift in deposit mix and repricing dynamics. By the end of the quarter, total average loans and leases reached $122.27 billion. The company also raised its dividend by 6% to 35 cents per share, causing FITB shares to trade higher by 0.65%. This dividend growth is part of a longer trend, as InvestingPro Tips notes that Fifth Third Bancorp has raised its dividend for 12 consecutive years.

On the same day, Morgan Stanley reported a slight increase in group net revenues for Q3, rising to $13.3 billion from last year's $13 billion. However, net income was slightly lower at $2.4 billion or $1.38 per diluted share, compared to the previous year's $2.6 billion or $1.47 per share. The firm's wealth management division reported a pre-tax margin of 26.7% and net revenues of $6.404 billion, reflecting increased asset management revenues on higher average asset levels.

Meanwhile, KeyCorp (NYSE:KEY) reported Q3 FY23 revenues of $1.566 billion, a 17% year-on-year decrease in line with forecasts. Net interest income fell 23.3% to $923 million due to high deposit costs and changes in the funding mix in a high-interest-rate environment. Despite this, the company's EPS of 29 cents beat the estimated 27 cents amidst a stable economic outlook.

All three banks reported improvements in their CET1 capital ratios. Fifth Third Bancorp and KeyCorp both reported a CET1 capital ratio of 9.8%, while Morgan Stanley reported a CET1 ratio of 15.5%, up from 14.8% a year earlier. According to InvestingPro data, Fifth Third Bancorp has a P/E ratio of 7.07, indicating a low earnings multiple, one of the InvestingPro Tips for the company. The bank's performance, coupled with a high shareholder yield, is indicative of the company's commitment to ensuring high returns on book equity for its stockholders, as highlighted by InvestingPro Tips.
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