Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Fifth Third Bancorp    FITB

Delayed Quote. Delayed  - 07/29 10:00:00 pm
18.98 USD   +0.32%
07/28 FIFTH THIRD BAN : Mortgage Originations, Assets Up
07/28DJFIFTH THIRD BAN : Profit, Revenue Climb
07/28 FIFTH THIRD BAN : tops 2Q profit forecasts
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Fifth Third Says Federated Investors Acquiring $5 Billion Of Money Market Assets

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/05/2012 | 04:13pm CEST

Fifth Third Bancorp (>> Fifth Third Bancorp) said its asset management arm will shed some assets, including roughly $5 billion of money market assets being acquired by investment manager Federated Investors Inc. (FII).

Under Fifth Third's deal with the firm, the money market assets will be reorganized from four Fifth Third money market funds into four existing Federated money market funds with similar investment objectives.

The transaction, expected to be completed in the third quarter, isn't seen having a material impact on Fifth Third's results.

"This action reduces risk and moves us more closely to trusted advisor status by being able to offer clients a broader choice of investment products," said Chief Executive Kevin T. Kabat.

Also Thursday, the bank said Touchstone Advisors, a mutual fund unit of Western & Southern Financial Group Inc., will acquire the assets of 16 of its mutual funds. Fifth Third Asset Management's affiliated investment mangers will continue as sub-advisors for some of the funds.

The moves come after Fifth Third saw its request to raise its dividend and begin buying back shares rejected by the Federal Reserve last month following completion of the regulator's latest "stress tests" for the nation's largest banks.

Fifth Third at the time declined to say why the Fed objected, citing regulatory reasons, but said it would resubmit the plan "as soon as practicable."

Shares were recently up 6 cents to $14.54.

 
   -By Mia Lamar, Dow Jones Newswires; 212-416-3207; mia.lamar@dowjones.com 

Stocks mentioned in the article : Fifth Third Bancorp
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FIFTH THIRD BANCORP
07/28 FIFTH THIRD BANCORP : Mortgage Originations, Assets Up
07/28DJFIFTH THIRD BANCORP : Profit, Revenue Climb
07/28 FIFTH THIRD BANCORP : Other Events (form 8-K)
07/28 FIFTH THIRD BANCORP : tops 2Q profit forecasts
07/28 FIFTH THIRD BANCORP : Results of Operations and Financial Condition, Regulation ..
07/28 FIFTH THIRD BANCORP : Announces Second Quarter 2016 Net Income to Common Shareho..
07/27 FIFTH THIRD BANCORP : Masterpass Now Available to Bank Customers
07/26DJFIFTH THIRD BANCORP : Legal Chief Is Ousted -- WSJ
07/25DJFifth Third Chief Legal Officer Out
07/25DJFIFTH THIRD BANCORP : Chief Legal Officer Out
More news
Sector news : Commercial Banks
07:09aDJSWIBER : Singapore's Swiber Applies for Judicial Management, Withdraws Liquidati..
01:47a ALLIED IRISH BANKS : says stress test not reflective of current performance
01:47a Deutsche Bank scrapes through European banks stress test
07/29 Monte dei Paschi approves privately-backed rescue plan
07/29DJMost European Banks Survive Stress Test--Update
More sector news : Commercial Banks
News from SeekingAlpha
07/29 10 Most Undervalued Companies For The Enterprising Investor - July 2016
07/28 Fifth Third Bancorp's (FITB) CEO Greg Carmichael on Q2 2016 Results - Earning..
07/28 Fifth Third Bancorp 2016 Q2 - Results - Earnings Call Slides
07/28 Fifth Third Bancorp beats by $0.03, misses on revenue
07/27 Notable earnings before Thursday?s open
Advertisement
Financials ($)
Sales 2016 6 154 M
EBIT 2016 2 007 M
Net income 2016 1 326 M
Debt 2016 -
Yield 2016 2,82%
P/E ratio 2016 10,96
P/E ratio 2017 11,13
Capi. / Sales 2016 2,37x
Capi. / Sales 2017 2,32x
Capitalization 14 571 M
More Financials
Chart FIFTH THIRD BANCORP
Duration : Period :
Fifth Third Bancorp Technical Analysis Chart | FITB | US3167731005 | 4-Traders
Full-screen chart
Technical analysis trends FIFTH THIRD BANCORP
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 30
Average target price 19,9 $
Spread / Average Target 5,0%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Gregory D. Carmichael President, Chief Executive Officer & Director
Marsha Cole Williams Non-Executive Chairman
Lars C. Anderson Chief Operating Officer & Executive Vice President
Tayfun Tuzun Chief Financial Officer & Executive Vice President
Sid Deloatch Chief Information Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
FIFTH THIRD BANCORP-5.57%14 571
AGRICULTURAL BANK OF C..-4.02%149 113
HSBC HOLDINGS PLC-7.94%129 843
AUSTRALIA AND NEW ZEAL..-7.73%57 475
SHANGHAI PUDONG DEVELO..-5.59%51 138
CHINA CITIC BANK CORPO..-18.70%40 159
More Results