Fifth Third Bancorp (WKN: 875029 / FITB ) / Nasdaq

Fifth Third Bancorp operates as a diversified financial services holding company. The company's Commercial Banking segment offers banking, cash management, and financial services; traditional lending and depository products and services; other services, including 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. Its Branch Banking segment provides a range of deposit and loan, and lease products to individuals and corporations. Its products include checking and savings accounts, home equity loans and lines of credit, and credit cards and loans for automobile and personal financing needs. The company's Consumer Lending segment involves in mortgage and home equity lending activities, such as origination, retention, and servicing of mortgage and home equity loans; other indirect lending activities, which include loans to consumers through mortgage brokers, automobile dealers, and federal and private student education loans. Its Investment Advisors segment offers a range of investment alternatives for individuals, companies, and not-for-profit organizations. This segment also offers investment, trust, asset management, retirement planning, and custody services, as well as retail brokerage services to individual clients and broker dealer services to the institutional marketplace. Its Fifth Third Processing Solutions segment offers electronic funds transfer, debit, credit, and merchant transaction processing services; and data processing services. As of December 31, 2008, Fifth Third Bancorp operated 1,307 full-service banking centers, including 92 Bank Mart locations and 2,341 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, and Georgia. The company was founded in 1862 and is headquartered in Cincinnati, Ohio.

**************************************************

30.03.2009 Fifth Third Bancorp and Advent International Announce Fifth Third Processing Solutions Joint Venture
http://www.finanznachrichten.de/...ng-solutions-joint-venture-008.htm

CINCINNATI and BOSTON, March 30 /PRNewswire-FirstCall/ -- Fifth Third Bancorp (News) and Advent International announced today that they have signed a definitive agreement whereby Advent International will acquire a 51% interest in Fifth Third's processing business through the establishment of a joint venture that values the new company at approximately $2.35 billion before valuation adjustments by either party. Fifth Third will retain the remaining 49 percent interest in the new company, Fifth Third Processing Solutions, LLC.

Pursuant to the agreement, Fifth Third Bank (OH), an indirect wholly owned subsidiary of Fifth Third Bancorp, will contribute the assets and operations of Fifth Third's merchant acquiring and financial institutions processing businesses to a new limited liability company ("LLC"). The LLC's capitalization prior to the purchase of this interest will include senior secured notes payable to subsidiaries of Fifth Third in the amount of $1.25 billion. Advent will pay Fifth Third $561 million in cash for a 51 percent ownership interest in the equity of the LLC and for certain put rights. Additionally, Fifth Third will receive warrants in the new company exercisable in certain circumstances. Fifth Third estimates the valuation adjustments related to these warrants, the put rights, and minority interest discounts may reduce its implied valuation of the business by an estimated $50 million. The agreement is subject to certain potential purchase price adjustments. The terms and conditions of the transaction are more fully described in Fifth Third's Form 8-K filed on March 30, 2009. The transaction will be accounted for under Financial Accounting Standard 160, "Noncontrolling Interests in Consolidated Financial Statements." Fifth Third will retain its credit card issuing business, including retail credit card and commercial multi-card services.

...(weiter siehe LINK)

**************************************************

p.s:
Einstieg von 0815ax in FITB am 25.02.09 zum Kurs von 1,18€

Vielen Dank für die Eröffnung des Threads ax ! :-)

 

 

www.finanznachrichten.de/...l-durch-anteilsverkauf-auf-009.htm

30.03.2009 14:13
Fifth Third Bancorp stockt Kapital durch Anteilsverkauf auf

Cincinnati (BoerseGo.de) - Die US-Bank Fifth Third Bancorp (News) einigte sich über den Verkauf von 51 Prozent ihrer Anteile an der Zahlabwicklungssparte an die Beteiligungsgesellschaft Advent International Corp. Der Deal wird zur Umwandlung des abgespaltenen Bereichs in eine neue Gesellschaft mit dem Namen Fifth Third Processing Solutions führen. Advent wird an Fifth Third 561 Millionen Dollar in bar zahlen. Zudem erhält Fifth Third zur Finanzierung der Ausgliederung Bankkredite im Volumen von 1,25 Milliarden Dollar.

Gemäß dem Chairman und CEO von Fifth Third Kevin Kabat wird der Deal die mit Tier 1 bezeichnete Eigenkapitalquote voraussichtlich deutlich erhöhen.

Fifth Third Bancorp verbilligen sich vorbörslich um 4,26% auf 2,25 Dollar
(© BörseGo AG 2007 - www.boerse-go.de, Autor: Huber Christoph, Redakteur)

 

ih.advfn.com/...id=staticchart&s=N%5EFITB&p=0&t=2" style="max-width:560px" />

shortsqueeze.com/?symbol=fitb&submit=Short+Quote%99

Fifth Third Bancorp   $ 2.53
FITB
Short Interest (Shares Short) 46,852,300
Days To Cover (Short Interest Ratio) 1.5
Short Percent of Float 8.16 %

Total Shares Outstanding 577,364,046
% Owned by Insiders 2.31 %
% Owned by Institutions 80.30 %

Record Date 2009-MarB
Sector Financial
Industry Regional - Midwest Banks
Exchange NAS

Da hab ich ein richtiges Schnäppchen (add) heute morgen bei 1,67€ gemacht !! :-)

hast du nachgekauft oder bist du nun wieder eingestiegen ?

nachgekauft !!!!

Fifth Third Makes First Dividend Payment to U.S. Treasury
Date : 03/31/2009 @ 9:58AM
Source : PR Newswire
Stock : Fifth Third Bancorp (MM) (FITB)
Quote :  2.58  0.1 (4.03%) @ 9:44AM

ir.53.com/...;p=irol-newsArticle&ID=1271490&highlight=

RCM is an automated smart safe designed to track deposit information as customers feed currency directly into the note reader. The safe verifies the currency, checks for counterfeits, and automatically tracks the cash deposits for fast, easy balancing and reconcilement. Deposit activity is transmitted from the smart safe to Fifth Third Bank for credit to the customer's account, providing daily use of funds. Based on the customer's business needs, cash is securely retrieved from the smart safe and delivered to the cash vault.

"Fifth Third Bank is pleased to increase the value of our innovative RCM solution by providing our clients more options in reengineering their cash collections," said Marlene Lieberman, vice president and product executive for Emerging Payments in the Bank's Commercial Treasury Management division.

Remote Currency Manager has been installed in more than 1,000 locations and the Bank anticipates doubling the number of locations by year-end. The signing makes Garda the second cash logistics provider of this innovative solution.

RCM is a vital component of an integrated receivables solution for cash, checks and cards designed to meet the needs of the Retail sector, currently processing more than $3 billion per year for thousands of retail locations. From collections to deposits to electronic payments, the Bank has a solution to help a retail business save time, lower costs and maintain its competitive edge.

"Fifth Third Bank continues to invest in industry-leading technology, providing our clients with a wide range of solutions to meet their growing needs," said Patrick Moore, senior vice president, Director of Treasury Product Management at Fifth Third Bank. "We leverage strategic partnerships to provide the right tools and technologies to consolidate the receipt, processing and depositing of paper and electronic payments."

The Bank's Treasury Management receivable solutions include: Electronic Collection Solutions, Paper Collection Solutions, Cash Solutions, Healthcare Solutions and Fifth Third Processing Solutions.

About Garda:

Garda, the fifth largest integrated physical security and cash logistics firm worldwide on an annualized revenue basis, is well known for addressing complex security and investigations issues. As a leading provider in consulting, investigation and security services, Garda is recognized as one of the fastest growing companies with operations across Canada and the United States, Latin America, Europe, the Middle East, Africa, and Asia. With approximately 50,000 dedicated professionals, Garda offers integrated solutions in cash logistics, physical security, consulting and investigations, and enterprise intelligence services. Its team includes specialists and some of the most highly qualified and best-trained experts in the industry. For more information, visit: www.gardaglobal.com/ and www.gardacashlogistics.com/.

About Fifth Third Bank:

Fifth Third Bancorp (NASDAQ:FITB) is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $120 billion in assets, operates 16 affiliates with 1,309 full-service Banking Centers, including 95 Bank Mart(R) locations open seven days a week inside select grocery stores and 2,355 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates five main businesses: Commercial Banking, Branch Banking, Consumer Lending, Investment Advisors and Fifth Third Processing Solutions. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2008, has $179 billion in assets under care, of which it managed $25 billion for individuals, corporations and not-for- profit organizations. Investor information and press releases can be viewed at www.53.com/. Fifth Third's common stock is traded on the NASDAQ(R) National Global Select Market under the symbol "FITB." Member FDIC.

DATASOURCE: Fifth Third Bank


CONTACT: Whitney Ellis of Fifth Third Bank, +1-513-534-6791


Web Site: www.53.com/

www.bizjournals.com/columbus/stories/2009/...html?surround=lfn

Tuesday, March 31, 2009, 11:42am EDT
Fifth Third pays $43M dividend to feds

Fifth Third Bancorp has issued a $42.6 million dividend payment to the U.S. Treasury Department.

It’s the Cincinnati-based bank’s first such payment to the government after receiving $3.4 billion in federal funds from the U.S. Treasury’s Capital Purchase Program, designed to provide money to financial firms and increase credit availability to consumers and businesses. Fifth Third issued 36,320 shares of preferred shares to the Treasury on Dec. 31 in exchange for the money.

Several of the largest banks with operations in Central Ohio, including Huntington Bancshares Inc. (NASDAQ:HBAN), received capital infusions through the program.

Fifth Third (NASDAQ: FITB) has 18 affiliates with about 1,300 branches and more than 2,000 ATMs in Ohio, Kentucky, Indiana, Georgia, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania and Missouri. It is the third-largest bank in the region, with about $3.7 billion in deposits at midyear 2008, according to data from the Federal Deposit Insurance Corp.

stimme FRIENDS im Nachbar-Thread zu (kommt ja bekanntlich nicht so oft vor!):
mMn werden die  3 USD heute auch fallen...

Da ist noch VIEL mehr drin !!!!

ih.advfn.com/...id=staticchart&s=N%5EFITB&p=0&t=2" style="max-width:560px" />

Banks Holding Up in Tests, but May Still Need Aid

By ERIC DASH
Published: April 8, 2009

For the last eight weeks, nearly 200 federal examiners have labored inside some of the nation’s biggest banks to determine how those institutions would hold up if the recession deepened.

www.nytimes.com/2009/04/09/business/...l?_r=1&ref=business

das wir in 10 Tagen 8-10 usd errreichen...

HEUTE BIS 4,6..

morgen geht weiter...

moodys  hat abgestuft

www.finanznachrichten.de/...ble-annuities-transactions-004.htm

14.04.2009 17:08
FINRA Fines Fifth Third Securities $1.75 Million for 250 Unsuitable Variable Annuities Transactions

Orders Restitution, Recission Offers to Affected Customers, Investigation Continues as to Individuals Involved

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Fifth Third Securities, Inc., (FTS) of Cincinnati, OH, $1.75 million for a series of violations related to variable annuity sales and exchanges. FINRA found that FTS made 250 unsuitable sales and exchanges to 197 customers through 42 individual brokers. FINRA also found that FTS’s supervisory systems and procedures were inadequate for policing the firm’s variable annuity sales and exchanges.

FINRA’s investigation into the activities of individuals involved in the sale, approval and supervision of the unsuitable VA transactions is continuing.

In addition to the fine, FINRA ordered FTS to pay more than $260,000 in restitution to 74 customers to compensate them for surrender charges incurred in the unsuitable transactions. The firm must also offer all 197 customers the opportunity to rescind their unsuitable transactions and receive the initial value of their purchase plus interest and any surrender charges required, adjusted for any withdrawals made.

...(weiter siehe LINK)

ih.advfn.com/...id=staticchart&s=N%5EFITB&p=0&t=2" style="max-width:560px" alt="" />

es ist zum

www.finanznachrichten.de/ext/goto.asp?id=13660691

www.finanznachrichten.de/...y-april-23-2009-at-8-30-am-008.htm

07.04.2009 21:44
Fifth Third Bancorp to Announce First Quarter 2009 Earnings, Host Conference Call on Thursday, April 23, 2009 at 8:30 AM

CINCINNATI, April 7 /PRNewswire-FirstCall/ -- Fifth Third Bancorp (News) is scheduled to report first quarter 2009 financial results on April 23, 2009. The announcement will be available at www.53.com/ at approximately 6:30 AM ET. The Company will host a conference call at 8:30 AM ET to discuss results.

This conference call will be webcast live by Thomson Financial and may be accessed through the Fifth Third Investor Relations website at www.53.com/ (click on "About Fifth Third" then "Investor Relations"). The webcast also is being distributed over Thomson Financial's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through Thomson Financial's individual investor center at www.earnings.com/ or by visiting any of the investor sites in Thomson Financial's Individual Investor Network. Institutional investors can access the call via Thomson Financial's password-protected event management site, StreetEvents (www.streetevents.com/).

Those unable to listen to the live call may access a webcast replay through the Fifth Third Investor Relations website at the same web address. Additionally, a telephone replay of the conference call will be available until approximately Thursday, May 7 by dialing (800) 642-1687 for domestic access or (706) 645-9291 for international access (passcode 92753311#).

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $120 billion in assets, operates 16 affiliates with 1,311 full-service Banking Centers, including 95 Bank Mart(R) locations open seven days a week inside select grocery stores and 2,354 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates five main businesses: Commercial Banking, Branch Banking, Consumer Lending, Investment Advisors and Fifth Third Processing Solutions. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2008, has $179 billion in assets under care, of which it managed $25 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com/. Fifth Third's common stock is traded on the NASDAQ(R) National Global Select Market under the symbol "FITB."

Fifth Third Bancorp

CONTACT: Investors, Jeff Richardson, +1-513-534-0983, or Jim Eglseder,
+1-513-534-8424, or Media, Debra DeCourcy, APR, +1-513-534-4153

Web Site: www.53.com/

www.godmode-trader.de/de/boerse-nachricht/...t%2Ca1211321.html

hallo, 0815ax, ich würde mich freuen, wenn ich irgendwo die isin nummer der fitbp
http://www.google.com/finance?q=NASDAQ%3AFITBP
kriegen könnte. ist trust preferred und zahlt momentan beim augenblicklichen kurs 14%.
und hat einen nominalwert von 100. falls nicht, trotzdem danke für die mühe mit dem forum.

deinem Broker bzw. Bank anfragen...
http://www.ariva.de/quote/profile.m?secu=101191655
http://finance.yahoo.com/q?s=FITBP

:-))

www.aktiencheck.de/artikel/news-Ausland-1904397.html

Fifth Third Bancorp kann Ergebnis im ersten Quartal verbessern

23.04.2009
aktiencheck.de

Cincinatti (aktiencheck.de AG) - Die US-Bankgesellschaft Fifth Third Bancorp (ISIN US3167731005 / WKN 875029) konnte trotz der Verwerfungen an den internationalen Finanzmärkten im ersten Quartal eine deutliche Ergebnisverbesserung vorweisen.

Wie der Finanzkonzern am Donnerstag erklärte, wurde im Berichtszeitraum ein Nettoverlust von 26 Mio. Dollar bzw. 4 Cents je Aktie verbucht, nachdem im Vorjahresquartal noch ein Nettoverlust von 81 Mio. Dollar bzw. 14 Cents je Aktie zu Buche gestanden hatte. Im Berichtszeitraum sind außerdem positive Einmaleffekte von 18 Cents je Aktie enthalten. Ohne die Berücksichtigung von Ausgleichszahlungen in Höhe von 76 Mio. Dollar in Zusammenhang mit den zuletzt aus dem staatlichen Bankenrettungsprogramm in Anspruch genommenen Mitteln hätte der Konzern im Schlussquartal einen Nettogewinn von 50 Mio. Dollar verbucht.

Anzeige

Bei den Zinseinnahmen wurde ein Rückgang von 1,07 Mrd. Dollar auf 781 Mio. Dollar ausgewiesen, während die Rückstellungen für faule Kredite im Vorjahresvergleich von 941 Mio. Dollar auf 773 Mio. Dollar zurückgingen.

Analysten hatten zuvor einen Verlust von 27 Cents je Aktie erwartet. Für das laufende Quartal liegen die Analystenschätzungen bei einem Verlust von 21 Cents je Aktie.

Die Aktie der Fifth Third Bancorp notierte zuletzt bei 3,69 Dollar.
(23.04.2009/ac/n/a)

www.finanznachrichten.de/...s-is-smaller-than-expected-020.htm

23.04.2009 14:52
UPDATE 3-Fifth Third loss is smaller than expected

NEW YORK, April 23 (Reuters) - Fifth Third Bancorp (News) posted a narrower-than-expected first-quarter loss despite taking hits on commercial loans, home mortgages and home equity loans.

The large Midwest regional bank posted a net loss of $26 million, or 4 cents a share, compared with a profit of $286 million, or 54 cents a share, a year earlier.

Excluding one-time items, including a reduction in income tax expense after settling a dispute with the U.S. Internal Revenue Service over leveraged leases, the bank lost 22 cents a share. On that basis, analysts on average expected a loss of 28 cents a share.

'Given the current economic environment, we continue to feel good about the core operations and earnings power of the bank,' said Chief Executive Kevin Kabat.

Like Wells Fargo&Co and U.S. Bancorp, which also reported quarterly results this week, Fifth Third said it saw high mortgage origination volumes in the first quarter. Its mortgage banking revenue climbed to $134 million from $97 million a year earlier.

Fifth Third issued $3.45 billion in preferred stock under the U.S. Treasury's Troubled Asset Relief Program last year. It said it paid $76 million in preferred dividends in the first quarter.

The bank slashed its dividend last year after losses rose from its exposure in the Midwest, hard hit by the auto industry's troubles, and Florida, a center of the real estate downturn. These areas continue to account for most of its commercial and residential real estate losses, the bank said on Thursday.

The bank's shares climbed 11 percent to $4.10 in premarket trade. Through Wednesday, the shares had fallen 55 percent this year.

(Reporting by Elinor Comlay; editing by John Wallace and Derek Caney)

((elinor.comlay@thomsonreuters.com; +1 646 223 6116)) Keywords: FIFTHTHIRD/

(Multimedia versions of Reuters Top News are now available for: * 3000 Xtra: visit topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News: topnews.reuters.com)

COPYRIGHT

Copyright Thomson Reuters 2009. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

seekingalpha.com/article/...rnings-call-transcript?source=feed

Fifth Third Bancorp Q1 2009 Earnings Call Transcript
April 23, 2009

www.bizjournals.com/cincinnati/stories/...17.html?surround=lfn

Tuesday, April 28, 2009, 11:17am EDT
Fifth Third, Key stock performance could indicate stress test results

If investor action on Monday is any indication of the results of the federal government’s stress tests of the 19 largest U.S. banks, Fifth Third Bancorp is in decent shape and KeyCorp might not have done as well.

Government officials gave preliminary results to representatives from each of the banks Friday. The banks aren’t allowed to talk publicly about the tests, which aim to gauge their ability to withstand worsening economic conditions. But Wall Street’s speculation, if not information, points to Cleveland-based KeyCorp (NYSE: KEY), Capital One Financial Corp. (NYSE: COF) and Regions Financial Corp. (NYSE: RF) as the three banks likely to take the worst hit from the results.

http://www.ariva.de/...Bancorp_hold_Deutsche_Bank_Securities_n2955688

Deutsche Bank Securities - Fifth Third Bancorp "hold"

14:42 28.04.09

Rating-Update:

Frankfurt (aktiencheck.de AG) - Die Analysten von Deutsche Bank Securities stufen die Aktie der Fifth Third Bancorp (Profil) in einer Ersteinschätzung mit "hold" ein. Das Kursziel werde bei 5 USD gesehen. (28.04.2009/ac/a/u)

www.godmode-trader.de/de/boerse-nachricht/...e%2Ca1233197.html

www.finanznachrichten.de/ext/goto.asp?id=13859267

Wochen-Endkurs (inkl. "after hour"): 9,05 USD

Wäre zu schön, um wahr zu sein.
Glaube aber das es heute erst einmal zu Gewinnmitnahmen kommen wird.
Der Anstieg vom letzten Freitag war einfach zu heftig.

lala....eom

Posted by: $heff Date: Saturday, June 06, 2009 1:29:29 AM In reply to: None Post # of 13567 FITB (7.13) Insider Buying- Director Purchasing 21,000 shares @6.96 for $146,370 on 5/26/09. www.sec.gov/Archives/edgar/data/35527/.../xslF345X03/edgar.xml

(ist schon etwas länger her)

==> ich bin raus (Gewinnmitnahme war zu verlockend!)

www.godmode-trader.de/nachricht/...Third-Bancorp,a1908695.html

Investors should buy Fifth Third Bancorp’s stock, an FBR Capital Markets Corp. banking analyst said Monday in restarting coverage of the downtown-based bank’s stock.

Fifth Third’s strong capital position and a view that it could rebound from banking industry problems faster than its industry peers caused FBR Capital Markets analyst Paul Miller to relaunch his firm’s coverage of Fifth Third (NASDAQ: FITB) stock with an “outperform” rating and a $12 price target. Fifth Third’s stock closed Oct. 12 at $10.19. The rating means Miller expects Fifth Third’s stock to do better than those of its industry peers over the next 12 to 18 months.

Fifth Third’s capital levels are stronger than its peers, Miller said in a research report. Its tangible common equity level of 6.7 percent of assets tops peer banks’ 6.1 percent ratio. The bank raised $1.5 billion in capital earlier this year after the federal government completed its stress tests of major banks. On top of that, it sold 51 percent of its payment processing business for $1.1 billion, further bolstering capital.

“We believe that the company’s capital levels provide adequate cushion for credit losses, and we are confident that the bank will be a survivor of this credit crisis,” Miller said.

Commercial loans, which tend to cause the most problems for banks late in economic cycles, make up 58 percent of Fifth Third’s loan portfolio. Analysts expects that category to cause the next set of major problems for banks. But Fifth Third is in better position than most, Miller said.

“We are less concerned about Fifth Third’s commercial loan book, versus those of peers, as we believe

that the company has been proactive in addressing problem credits,” he wrote in the report.

Fifth Third, Cincinnati’s largest locally based bank and one of the nation’s 15 largest banks, has $116 billion in assets and runs 1,318 banking centers.

Keybank beginnt Berichterstattung über Fifth Third Bancorp mit Outperform Rating und Kursziel 12 Dollar.

www.finanznachrichten.de/...h-third-bancorp-outperform-009.htm

www.godmode-trader.de/nachricht/...ne-Longchance,a1918325.html

Investors should buy Fifth Third Bancorp’s stock, an FBR Capital Markets Corp. banking analyst said Monday in restarting coverage of the downtown-based bank’s stock.

Fifth Third’s strong capital position and a view that it could rebound from banking industry problems faster than its industry peers caused FBR Capital Markets analyst Paul Miller to relaunch his firm’s coverage of Fifth Third (NASDAQ: FITB) stock with an “outperform” rating and a $12 price target. Fifth Third’s stock closed Oct. 12 at $10.19. The rating means Miller expects Fifth Third’s stock to do better than those of its industry peers over the next 12 to 18 months.

Fifth Third’s capital levels are stronger than its peers, Miller said in a research report. Its tangible common equity level of 6.7 percent of assets tops peer banks’ 6.1 percent ratio. The bank raised $1.5 billion in capital earlier this year after the federal government completed its stress tests of major banks. On top of that, it sold 51 percent of its payment processing business for $1.1 billion, further bolstering capital.

“We believe that the company’s capital levels provide adequate cushion for credit losses, and we are confident that the bank will be a survivor of this credit crisis,” Miller said.

Commercial loans, which tend to cause the most problems for banks late in economic cycles, make up 58 percent of Fifth Third’s loan portfolio. Analysts expects that category to cause the next set of major problems for banks. But Fifth Third is in better position than most, Miller said.

“We are less concerned about Fifth Third’s commercial loan book, versus those of peers, as we believe

that the company has been proactive in addressing problem credits,” he wrote in the report.

Fifth Third, Cincinnati’s largest locally based bank and one of the nation’s 15 largest banks, has $116 billion in assets and runs 1,318 banking centers.

U.U. könnte Bank of Florida übernommen werden

www.naplesnews.com/news/2010/may/28/...own-federal-regulators/