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$8.06 0.13 (1.64%)
1/8/2009 4:00 PM

Fifth Third Bancorp (FITB)

CAPS Rating:
*

The Company conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries.

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Avatar abitare (99.64) Submitted: 6/03/08 3:34 PM : Underperform Start Price: $18.01 FITB Score: 26.76

"Worst Possible Business Model

Minyanville Professor Bennet Sedacca is writing about the business model of Keycorp and other banks. Let's tune in.

More on KEY and Others

What could be the worst possible model?

When a company pays out its entire EPS in dividends and then goes to market with a 9% preferred. Then it RAISES the common dividend. Come on!! Then it announces deteriorating fundamentals. Who is it?

Keycorp (KEY), Fifth Third (FITB), Regions Financial(RF) and Wachovia (WB).

What should they be doing?

Cut the dividend, lay people off and sell common equity while they can. If not, it could be curtains."
http://globaleconomicanalysis.blogspot.com/

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