All Posts Tagged With: "FITB"
(USB) U.S. Bancorp Acquires BankEast
U.S. Bancorp (USB) is focused on expanding its business through acquisitions. The company’s lead bank, U.S. Bank National Association, acquired the banking operations of BankEast, a subsidiary of BankEast Corporation, in a Federal Deposit Insurance Corporation (FDIC) assisted...
3Feb2012 | vitalstocks | 0 comments | Continued(GOOG) January 20: Markets to Remain Calm – Economic Highlights
With the economic calendar relatively on the thin side, stocks will remain focused on another busy day of earnings reports. Google’s (GOOG) earnings miss potentially raises doubts about the tech sector’s earnings outlook, but the issue appears to be mostly company specific....
20Jan2012 | vitalstocks | 0 comments | Continued(GOOG) Sampling the Earnings Smorgasbord
With the economic calendar relatively on the thin side, stocks will remain focused on another busy day of earnings reports. Google’s (GOOG) earnings miss potentially raises doubts about the tech sector’s earnings outlook, but the issue appears to be mostly company specific....
20Jan2012 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for January 18, 2012 – Market News
The major US indices registered gains to close in the green after a slew of positive economic reports were released at home and in China. A successful debt auction in Europe added to the cheer. However, the gains were limited, as investors’ sentiments were dampened after the...
18Jan2012 | vitalstocks | 0 comments | Continued(AAPL) A Busy Week Ahead – Earnings Preview
Earnings Preview 10/14/11 While the earnings season kicked off this past week, only 38 firms reported. The game really gets under way next week, when we will get reports from 336 firms, including 99 members of the S&P 500. Thus, by the end of the week we will have a very...
17Oct2011 | vitalstocks | 0 comments | Continued(FMCC) U.S. Banks Stock Outlook – Aug. 2011 – Industry Outlook
Whatever be the impending economic state, U.S. banks — the lifeblood of the economy — are actively responding to every legal and regulatory pressure. In fact, this prompt responsiveness has positioned the banks well to encounter upcoming challenges. Along with improving...
11Aug2011 | vitalstocks | 0 comments | Continued(AAPL) 2011 Second Quarter Earnings Preview – Detailed
Earnings Preview 7/15/11 Second quarter earnings season is now under way, but things really start to move into high gear next week. There will be 348 firms reporting, and 108 of those are in the S&P 500. By next Friday we should have a very good handle on how the overall...
18Jul2011 | vitalstocks | 0 comments | Continued(MTB) M&T Bank Corporation Earns Fitch Rating Actions
Fitch Ratings has affirmed M&T Bank Corp.‘s (MTB) long- and short-term Issuer Default Ratings at ‘A-’ and ‘F1,’ respectively. The rating action follows the closure of M&T’s acquisition of Wilmington Trust Corp. on May 16, 2011. The...
5Jul2011 | vitalstocks | 0 comments | Continued(FITB) Fifth Third Bancorp Analyst Stays Neutral
We have reiterated our Neutral recommendation on Fifth Third Bancorp (FITB) following a detailed analysis of the company’s fundamentals, strengths and weaknesses in the context of the current economic environment. Fifth Third’s first quarter 2011 earnings of 10 cents per...
29Jun2011 | vitalstocks | 0 comments | Continued(MTB) M&T Bank Reaffirmed at Neutral
We have reiterated our Neutral recommendation on the shares of M&T Bank Corporation (MTB) on the back of a detailed analysis of its fundamentals, the completion of the of the acquisition of Wilmington Trust Corporation in May, the subsequent partial repay of the TARP dues...
26Jun2011 | vitalstocks | 0 comments | Continued(FITB) Fifth Third Bancorp Redeems 8.875% Trust Preferred Securities
On Wednesday, Fifth Third Bancorp (FITB) announced that according to a notice issued by the company to the trustee of Fifth Third Capital Trust VII on May 16, 2011, the 8.875% trust preferred securities (TRUPs) should be redeemed by June 15, 2011. As per Fifth Third, each Trust...
29May2011 | vitalstocks | 0 comments | Continued(KEY) KeyCorp Quarterly Earnings Report Outshines Estimates
KeyCorp’s (KEY) first quarter 2011 net income from continuing operations of 27 cents per share substantially outpaced the Zacks Consensus Estimate of 15 cents. Net income from continuing operations for the reported quarter leaves out accelerated amortization of the discount...
26Apr2011 | vitalstocks | 0 comments | Continued(KEY) KeyCorp Repays Troubled Asset Relief Program Funds
KeyCorp (KEY) became one of the latest three banks to repay its bailout money. The company has fully repaid its $2.5 billion in outstanding Troubled Asset Relief Program (TARP) funds on Wednesday. KeyCorp’s repayment was financed by proceeds from the recent $625 million common...
6Apr2011 | vitalstocks | 0 comments | Continued(FITB) Fifth Third Bancorp Announces Higher Dividend
Fifth Third Bancorp’s (FITB) board of directors increased the cash dividend to 6 cents per share on its common stock. First quarter 2011 cash dividend of 6 cents represents an increase of 5 cents from Fifth Third’s previous quarterly dividend of 1 cent, an increase of...
23Mar2011 | vitalstocks | 0 comments | Continued(AMP) Stock Market News for March 10, 2011 – Market News
The second anniversary of the market’s Bull Run ended on a weak note as markets pared gains of the earlier trading day and closed marginally lower. The S&P 500 has gained 95.4% since it slid to 676.53 on March 9, 2009. However, continuing unrest in the Persian Gulf and...
10Mar2011 | vitalstocks | 0 comments | Continued(AMAT) Stock Market News for March 8, 2011 – Market News
Markets continued to stay in the red as concerns over oil supplies and mounting unrest in Libya further pushed up crude prices. To add to the woes of investors, the semiconductor index was downgraded which eventually led to technology stocks sliding lower. The fear gauge CBOE...
8Mar2011 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for March 2, 2011 – Market News
Markets closed lower on Tuesday over rising crude prices, relinquishing the gains made on Monday on the back of stable oil prices and positive economic signals. The Fifth Third Bancorp (NASDAQ:FITB) led financials lower as reports came in that the company was being investigated....
3Mar2011 | vitalstocks | 0 comments | Continued(ADBE) Company News for February 28, 2011 – Corporate Summary
• Janney Montgomery initiated coverage on Tower Bancorp (NASDAQ:TOBC) with a Buy rating • UBS upgraded Adobe Systems (NASDAQ:ADBE) to Buy from Neutral • FBR Capital upgraded Fifth Third Bancorp (NASDAQ:FITB) to Outperform from Market Perform • Deutsche Bank upgraded...
28Feb2011 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for December 23, 2010
On Wednesday, markets ended marginally higher and major indices enjoyed record two-year highs. Primarily led by financial stocks and positive economic data, benchmarks ended on the winning side on a trading day with light volumes. As markets near the end of the year, it is to...
25Dec2010 | vitalstocks | 0 comments | Continued(AAPL) Company News for November 11, 2010 – Corporate Summary
• Wal-Mart (NYSE:WMT) said it will offer free shipping on its website through December 20 • Research In Motion (NASDAQ:RIMM) said it will offer its BlackBerry PlayBook tablet computer for less than $500, a move likely to undercut prices for Apple’s (NASDAQ:AAPL) winning...
11Nov2010 | vitalstocks | 0 comments | Continued(MCO) Moody’s Investors Service Chops Ratings of Ten Banks
Moody’s Investors Service, the ratings arm of Moody’s Corp. (MCO), has lowered the ratings of 10 banks earlier this week on lower expectations for governmental support for these banks. Banks Thumbed Down The banks whose ratings were downgraded are BB&T Corp....
4Nov2010 | vitalstocks | 0 comments | Continued(BAC) Bank Ratings Reduced Under New U.S. Federal Deposit Insurance Corporation Rule?
Fitch Ratings has placed the ratings of a number of major banks under review for possible downgrade following a new rule proposed by the U.S. Federal Deposit Insurance Corporation (FDIC). Recently, the board of directors of FDIC has voted to approve the rule that details the...
25Oct2010 | vitalstocks | 0 comments | Continued(JPM) Regulators Close Three More Banks – U.S. Bank Failures Rise to 132 in 2010
Bank failures continue unabated as the U.S. regulators closed down three more banks on Friday. Out of the three failed banks, two were based in Missouri and one in Kansas. This brings the total number of bank failures to 132 so far in 2010, compared to 140 in 2009, 25 in 2008...
18Oct2010 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failures in 2010 Climb to 129
U.S. regulators on Friday shuttered two more banks in Florida and Washington, pushing up the figure to 129 so far in 2010. This compares with a total number of 140 bank failures in 2009, 25 in 2008 and just 3 in 2007. While the bigger banks benefited greatly from the various...
4Oct2010 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failures Climb to 127 in 2010
Bank failures continue unabated as the U.S. regulators closed down two more banks in Florida and Washington on Friday, pushing up the figure to 127 so far in 2010. This compares with a total number of 140 bank failures in 2009, 25 in 2008 and just 3 in 2007. While the bigger...
3Oct2010 | vitalstocks | 0 comments | Continued(BBT) BB&T to Reclassify Non-performing Loans
On Tuesday, while speaking at Barclays Global Financial Services Conference, BB&T Corp.’s (BBT) chief executive officer (CEO) Mr. Kelly King stated that the company will reclassify more than $1 billion non-performing assets (NPAs) into loans held-for-sale in the third quarter...
15Sep2010 | vitalstocks | 1 comment | Continued(JPM) U.S. Bank Failure Tally Hits 119 in 2010 – Horizon Bank Fails
Following a lull in bank failures for the last week of August and the first week of September, U.S. regulators last Friday shuttered Bradenton, Florida-based Horizon Bank, pushing up U.S. bank failures to 119 so far in 2010. This compares with a total number of 140 bank failures...
14Sep2010 | vitalstocks | 0 comments | Continued(JPM) U.S. Federal Deposit Insurance Corporation’s Problem Bank List Grows – More Banks Go Bust
According to a government report released on Tuesday, the number of banks on the Federal Deposit Insurance Corporation’s (FDIC) list of problem institutions in the second quarter grew to 829 from 775 in the previous quarter and 416 in the year-ago quarter. This is the highest...
7Sep2010 | vitalstocks | 0 comments | Continued(WABC) U.S. Economy Hits 118 Bank Failures in 2010
The ongoing economic volatility took its toll on a few more banks last week. Eight more banks including ShoreBank, a big community bank based in Chicago, were shuttered by the U.S. regulators on Friday. This takes the total number of bank failures to 118 so far in 2010, compared...
23Aug2010 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failures in 2010 Now Total 110
U.S. regulators on Friday shuttered Palos Heights, Illinois-based Palos Bank and Trust Company, pushing up U.S. bank failures to 110 so far in 2010. This compares with 140 bank failures in 2009, 25 in 2008 and only 3 in 2007. Although the economy is showing signs of a gradual...
16Aug2010 | vitalstocks | 0 comments | Continued