Company Overview and News

Main Street Banks’ New Lending Rivals: Hedge Funds and Private Equity - WSJ

19h wsj
Main Street banks are feeling squeezed by competition from new rivals: nonbanks like hedge funds and private-equity firms that are elbowing into business loans.

US Financial 15 Split Corp.: Preferred Dividend Declared

2018-05-18 globenewswire
TORONTO, May 18, 2018 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.04003 for each Preferred share, or 5.25% annually based on the previous month end net asset value. Distributions are payable June 8, 2018 to shareholders on record as at May 31, 2018.

Bank Stocks Will Benefit Greatly From Upcoming Regulatory Changes

2018-05-16 investorplace
As if there wasn’t enough reason to be bullish on them in the shadow of rising interest rates, Bank of America Corp (NYSE:BAC), Citigroup Inc (NYSE:C) and Wells Fargo & Co (NYSE:WFC) — along with all other bank stocks — could soon be enjoying an even stronger tailwind. How so? By the time you’re reading this, the U.S. bank regulations landscape could look considerably different than it has at any time since 2008’s subprime mortgage meltdown.

FITB / Fifth Third Bancorp FORM 8-K (Current Report)


Should iShares Morningstar Mid-Cap Value ETF (JKI) Be on Your Investing Radar?

2018-05-10 zacks
If you're interested in broad exposure to the Mid Cap Value segment of the US equity market, look no further than the iShares Morningstar Mid-Cap Value ETF (JKI - Free Report) , a passively managed exchange traded fund launched on 06/28/2004.

Bright Lights On Capitalist Woodstock, Tech Developers And Sports Betting

2018-05-05 seekingalpha
Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning.

FITB / Fifth Third Bancorp FORM 10-Q (Quarterly Report)


Fifth Third CEO Announces Plan to Expand in Tampa Bay Region

2018-05-01 zacks
As part of Fifth Third Bancorp’s (FITB - Free Report) re-evaluation of the branch network, the banking giant is exploring the cities which are underserved, and taking steps to open new branches. Per a bizjournals article, the bank's CEO, Greg D. Carmichael, and Florida regional president — David Call — have planned to open new branches in the Tampa Bay region, in a bid to expand footprint in various key markets.

5 Great ETFs for the Second Quarter | InvestorPlace

2018-04-30 investorplace
The first quarter of 2018 wasn’t exactly that wonderful for investors. It started out just fine — driven by rising GDP growth and expectations of the new Republican tax plan … but then things sort of fell out. Volatility returned with a vengeance and the market entered a downward spiral. The benchmark SPDR S&P 500 ETF Trust (NYSEARCA:SPY) dropped 2.64% in March after a 3.89% decline in February. All in all, the SPY managed to lose about 1.

As Downtown Booms, Detroit's Suburbs Seek Reinvention - The Atlantic

2018-04-29 citylab
The city is experiencing a sustained real estate boom, poaching employers—even pro sports teams—from surrounding municipalities. Places like Southfield, Pontiac, and Dearborn will have to find ways to keep up.

Bank Stock Roundup: STI, RF, FITB & COF Beat Q1 Estimates, WFC to Pay $1B Fine

2018-04-27 zacks
Major banks that reported first-quarter 2018 results over the last five trading days managed to record bottom-line improvement, driven by rising rates, stable asset quality and lower taxes. Apart from the benefits from higher interest rates, banks’ results reflected a slight improvement in lending activities. However, higher expenses and slowdown in mortgage banking business continued to be major headwinds.

New York Community Bancorp (NYCB) Q1 Earnings Meet Estimates

2018-04-26 zacks
New York Community Bancorp (NYCB - Free Report) reported first-quarter 2018 earnings per share of 20 cents, in line with the Zacks Consensus Estimate. However, the bottom line compares unfavorably with 23 cents recorded in the prior-year quarter.

Tuesday’s Biggest Winners and Losers in the S&P 500

2018-04-24 247wallst
Tuesday was another down day for the broad U.S. markets and another continuation from the overall drop that started last Thursday. Each of the major averages started out the day positive but quickly fell negative, and each closed at least 1.3% lower on the day. Crude oil pulled back for its first time in a while, but $70 is still in sight. The S&P 500 sectors were almost all negative. The most positive sectors were energy and real estate up 0.

Fifth Third's (FITB) CEO Greg Carmichael on Q1 2018 Results - Earnings Call Transcript

2018-04-24 seekingalpha
Fifth Third Bancorp (NASDAQ:FITB) Q1 2018 Results Earnings Conference Call April 24, 2018 9:00 AM ET

Earnings reports lift stocks; 10-year yield hits 3 percent

NEW YORK (AP) — U.S. stocks are higher Tuesday morning as investors applaud strong first-quarter results from companies including machinery maker Caterpillar, appliance maker Whirlpool and Fifth Third Bancorp. Smaller companies made big gains in an optimistic sign for the U.S. economy. Bond yields continue to rise and the 10-year Treasury note reached 3 percent for the first time in more than four years.

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CUSIP: 316773100