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Hot Stocks
Fifth Third partners with Cardtronics in the Carolinas for ATM Branding Program » 08:36
02/03/20
02/03
08:36
02/03/20
08:36
FITB

Fifth Third

$28.44 /

-0.745 (-2.55%)

, CATM

Cardtronics

$45.01 /

-1.01 (-2.19%)

Fifth Third Bank (FITB)…

Fifth Third Bank (FITB) is enhancing brand visibility in the Carolinas by placing its brand on Cardtronics ATMs (CATM) in 139 CVS Pharmacy and other retail locations across this important growth market for the bank. One of Cardtronics' largest existing ATM Branding partners, Fifth Third, is leveraging the Cardtronics retail-based ATM estate to cost-effectively expand brand awareness and customer service in both core and growth markets. The Fifth Third brand appears on ATMs in 92 CVS Pharmacy stores and 47 locations of a nationally known convenience store covering the areas in and around Asheville, N.C., Charlotte, N.C., Greenville, S.C., and the Research Triangle region of North Carolina. The new ATM Branding agreement extends the partnership between Cardtronics and Fifth Third from four states to six and includes over 1,200 Cardtronics ATMs. In addition to the ATM Branding program, Fifth Third is also a member of the Cardtronics Allpoint Network, the largest retail-based surcharge-free ATM network with approximately 55,000 participating ATMs.

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Over a month ago
Hot Stocks
Fifth Third says expects to achieve positive operating leverage in FY20 » 06:47
01/22/20
01/22
06:47
01/22/20
06:47
FITB

Fifth Third

$29.04 /

-0.39 (-1.33%)

Fifth Third says it…

Fifth Third says it intends to achieve full year 2020 positive operating leverage on an adjusted basis, even under less favorable economic conditions. The company expects FY20 noninterest expense up 2%-3% from adjusted FY19, with Q1 non interest expense up ~5% from adjusted Q4. The company sees FY20 total loans and leases up ~4%, with Q1 total loans and leases relatively stable from 4Q19. FY20 NII is expected to be up ~2% from FY19, with NIM of ~3.25%, assuming no Fed rate movements. Q1 NII is expected to be down ~2% from adjusted 4Q19, with NIM up 1-2bps from adjusted Q4. FY20 noninterest expense is expected to be up ~8% from adjusted FY19, with Q1 noninterest expense down ~3% from adjusted Q4. Fifth Third sees FY20 effective tax rate ~22%. Comments from slides being presented on the Q4 earnings conference call.

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Earnings
Fifth Third: Q4 EPS of 96c include positive 28c impact from certain items  06:35
01/22/20
01/22
06:35
01/22/20
06:35
FITB

Fifth Third

$29.04 /

-0.39 (-1.33%)

 
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Hot Stocks
Fifth Third reports Q4 net interest margin 3.27% vs. 3.29% a year ago  06:33
01/22/20
01/22
06:33
01/22/20
06:33
FITB

Fifth Third

$29.04 /

-0.39 (-1.33%)

 
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Earnings
Fifth Third reports Q4 diluted EPS 96c, consensus 72c  06:31
01/22/20
01/22
06:31
01/22/20
06:31
FITB

Fifth Third

$29.04 /

-0.39 (-1.33%)

 
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Upgrade
Fifth Third upgraded to Overweight from Equal Weight at Barclays » 04:49
01/06/20
01/06
04:49
01/06/20
04:49
FITB

Fifth Third

$30.45 /

-0.57 (-1.84%)

Barclays analyst Jason…

Barclays analyst Jason Goldberg upgraded Fifth Third Bancorp to Overweight from Equal Weight with a $38 price target.

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Hot Stocks
Fifth Third issues statement on temporary network outage » 18:37
12/06/19
12/06
18:37
12/06/19
18:37
FITB

Fifth Third

$30.24 /

+0.365 (+1.22%)

, CSCO

Cisco

$43.83 /

+0.29 (+0.67%)

Fifth Third Bank (FITB)…

Fifth Third Bank (FITB) issued the following statement related to a temporary network outage this afternoon: "Earlier today we experienced a temporary outage with our network connectivity. The issue involved a simultaneous failure in both the primary system and a backup which impacted our ability to provide normal levels of service to customers. We worked closely with Cisco Systems (CSCO) to identify the issue and restore service. We are deeply sorry for the inconvenience and will make every effort to make things right for our customers who were affected."

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Initiation
Fifth Third initiated with a Hold at Odeon Capital » 08:27
12/06/19
12/06
08:27
12/06/19
08:27
FITB

Fifth Third

$29.88 /

+0.205 (+0.69%)

Odeon Capital analyst…

Odeon Capital analyst Dick Bove initiated coverage of Fifth Third with a Hold rating, telling investors that he thinks for the longer-term "it is the type of stock one should own," but that in the short-term he sees it as likely that the bank will have trouble growing its net income.

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Over a quarter ago
Hot Stocks
Fifth Third decreases prime lending rate to 4.75% » 16:20
10/30/19
10/30
16:20
10/30/19
16:20
FITB

Fifth Third

$29.29 /

-0.36 (-1.21%)

Fifth Third Bank…

Fifth Third Bank announced it will decrease its prime lending rate to 4.75%, effective immediately.

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Options
Fifth Third put volume heavy and directionally bearish » 10:35
10/30/19
10/30
10:35
10/30/19
10:35
FITB

Fifth Third

$29.18 /

-0.47 (-1.59%)

Bearish flow noted in…

Bearish flow noted in Fifth Third with 2,152 puts trading, or 15x expected. Most active are Dec-19 28 puts and Jan-20 28 calls, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 3.37, while ATM IV is up over 1 point on the day. Earnings are expected on January 21st.

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