Last €15.37 EUR
Change Today +0.04 / 0.26%
Volume 0.0
FFH On Other Exchanges
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As of 2:18 AM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

fifth third bancorp (FFH) Snapshot

Open
€15.35
Previous Close
€15.33
Day High
€15.38
Day Low
€15.35
52 Week High
03/24/14 - €16.97
52 Week Low
10/9/13 - €12.90
Market Cap
13.0B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
844.5M
EX-Date
06/26/14
P/E TM
--
Dividend
€0.51
Dividend Yield
2.30%
Current Stock Chart for FIFTH THIRD BANCORP (FFH)

fifth third bancorp (FFH) Related Businessweek News

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fifth third bancorp (FFH) Details

Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. The Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. The Branch Banking segment provides a range of deposit, loan, and lease products to individuals and small businesses. This segment offers checking and savings accounts, home equity loans and lines of credit, credit cards, and loans for automobiles and personal financing needs, as well as cash management services. The Consumer Lending segment is engaged in the mortgage and home equity lending activities, such as origination, retention, and servicing of mortgage and home equity loans or lines of credit; and other indirect lending activities, including loans to consumers through mortgage brokers and automobile dealers. The Investment Advisors segment offers various investment alternatives for individuals, companies, and not-for-profit organizations. It offers retail brokerage services to individual clients, and broker dealer services to the institutional marketplace. This segment also provides asset management services; holistic strategies to affluent clients in wealth planning, investing, insurance, and wealth protection; and advisory services for institutional clients comprising states and municipalities. As of May 13, 2014, the company operated 1,311 full-service banking centers, including 104 Bank Mart locations, as well as 2,614 automated teller machines. Fifth Third Bancorp was founded in 1862 and is headquartered in Cincinnati, Ohio.

18,732 Employees
Last Reported Date: 07/17/14
Founded in 1862

fifth third bancorp (FFH) Top Compensated Officers

Vice Chairman, Chief Executive Officer, Membe...
Total Annual Compensation: $1.0M
President, Chief Operating Officer and Chief ...
Total Annual Compensation: $695.4K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $313.4K
Chief Risk & Credit Officer and Executive Vic...
Total Annual Compensation: $1.3M
Senior Executive Vice President
Total Annual Compensation: $570.0K
Compensation as of Fiscal Year 2013.

fifth third bancorp (FFH) Key Developments

Fifth Third Bancorp Reports Earnings Results for the Second Quarter Ended June 30, 2014; Provides Net Charge-Offs for the Second Quarter Ended June 30, 2014

Fifth Third Bancorp reported earnings results for the second quarter ended June 30, 2014. For the quarter, the company reported net income available to common shareholders of $416 million or $0.49 per basic and diluted common share against $582 million or $0.65 per diluted common share a year ago. Net income attributable to company was $439 million against $591 million a year ago. Return on average assets was 1.34% against 1.94% a year ago. Return on average common equity was 11.9% against 17.3% a year ago. Return on average tangible common equity was 14.4% against 21.1% a year ago. Net interest income (taxable equivalent) was $905 million against $885 million a year ago. Income before income taxes (taxable equivalent) was $611 million against $864 million a year ago. Book value per share as on June 30, 2014 was $16.74 against $15.56 as on June 30, 2013. Tangible book value per share as on June 30, 2014 was $13.86 against $12.69 as on June 30, 2013. For the quarter, the company reported net charge-offs of $101 million against $112 million a year ago.

Supreme Court Sides with Bank Employees in Dispute over Retirement Fund Case against Fifth Third Bancorp

The Supreme Court on sided with bank employees in a lawsuit against Fifth Third Bancorp that accused management of irresponsibly investing employee retirement money in the bank's then-failing stock. The unanimous ruling came in a case involving a retirement fund invested primarily in the bank's stock. The court considered whether those in charge of investing in the fund have the freedom or the duty to direct investment money elsewhere when they have reason to believe the stock price is inflated. The employees said management knew that borrowers increasingly were defaulting on risky, subprime loans, but concealed that information or misled investors. The bank continued to invest in the stock-ownership fund even when the problems came to light and the share price plummeted. The suit asserted that those actions violated management's duty to take good care of the employees' retirement money. The 6th U.S. Circuit Court of Appeals allowed the case to proceed. The justices ordered the appeals court to re-examine the case in light of ruling, although they agreed with the appellate judges that the actions of bank management do not merit special protection when dealing with a bank-stock fund.

The Sumner County Commission Agrees to Settle Lawsuit against Fifth Third Bank and Fifth Third Securities Inc

With the threat of years of litigation and millions of money in legal fees, the county has agreed to settle a lawsuit against Fifth Third Bank and Fifth Third Securities Inc. The Sumner County Commission voted 18-5 to settle the lawsuit it filed in February 2013 against the companies, alleging the illegal use of interest rate swap agreements for the tax increment financing bond issues that paid for infrastructure in Indian Lake Village. The lawsuit was alleging the illegal use of interest rate swap agreements for the tax increment financing bond issues that paid for infrastructure in Indian Lake Village.

 

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Industry Analysis

FFH

Industry Average

Valuation FFH Industry Range
Price/Earnings 11.9x
Price/Sales 3.0x
Price/Book 1.2x
Price/Cash Flow 11.1x
TEV/Sales NM Not Meaningful
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