Fifth Third Bancorp (FITB)
The Company conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries.
Recs
lucky7K
(87.57)
Submitted: 11/13/2009 10:09:23 AM :
Start Price:
$9.75
FITB Score:
-3.28
* Rated worst credit quality by Barclays
* grew their commercial business rapidly at the height of the boom
* up over 900% from a near bankruptcy valuation
Recs
Paramnesia1930
(96.00)
Submitted: 8/18/2009 12:33:25 AM :
Start Price:
$9.94
FITB Score:
+10.69
Excluding the 19 biggest banks that underwent the stress test, banks with nonperforming loans above 5% had combined deposits of $193 billion, according to Bloomberg data.
Recs
Recs
Veneratio
(56.11)
Submitted: 6/11/2009 4:05:45 AM :
Start Price:
$7.09
FITB Score:
-24.06
TARP questionable... I don't think this bank will fail, but I think its rally got a little to excited along with PNC's. I read it has substantial exposure to commercial real estate as well, but I have not independently verified this as I am not putting real money in short plays these days...
Recs
JGus
(30.11)
Submitted: 5/13/2009 8:30:55 PM :
Start Price:
$4.04
FITB Score:
-123.67
That short squeeze following the stress test (sham) was IMPRESSIVE! I was a little early with this red thumb...but it won't be long before my pick turns GREEN!
Recs
cubanstockpicker
(63.98)
Submitted: 5/11/2009 11:52:13 AM :
Start Price:
$8.80
FITB Score:
+6.81
Foreclosures are now hitting all time highs. Yes NOW! Even with the government program.
The properties went up to high and now the banks and feds are trying to cement from any further losses by having these bailout. Let freemarkets with housing be. You cannot save mortgages or housing if purchased in the middle of the housing bubble.
Recs
bmw201030
(80.17)
Submitted: 5/5/2009 4:30:29 PM :
Start Price:
$4.89
FITB Score:
-85.93
my first round of underperforms, I think we'll see these fair poorly after thursday
Recs
sumbawa
(30.08)
Submitted: 4/30/2009 3:14:35 PM :
Start Price:
$4.06
FITB Score:
-121.94
Undercapitalized regional bank.
Recs
Stromprophet
(< 20)
Submitted: 4/28/2009 2:31:36 PM :
Start Price:
$3.82
FITB Score:
-136.88
I saw someone say that Fifth Third would bounce back this year. How?
Their customer base is the midwest, which is getting massacered. Ohio, Indiana, Illinnois, Michigan (and they also serve Florida big to boot).
This bank is going to be insolvent at one point or another. They still have to raise loads more of capital. They have increasing non performing loans, commercial real estate write offs, etc. Anything that's done to raise capital will drop the stock price to nill. Whether it's government intervention or private.
They are poorly managed, not well capitilized. Cash to assets is 2%...which is woefully under capitalized. In Sept 09 - March 2010 all the people who got laid off in those states (which all have high job losses) will be coming off extended unemployment, and there aren't going to be jobs by that point. That means an increase in defaults, less deposits, etc.
They won't survive it. Even if the government says "we won't let banks fail" they will go the way of Wamu, Wachovia, etc. Stocks will trade down to under a dollar.
Recs
Ranoff
(71.52)
Submitted: 4/24/2009 3:47:53 AM :
Start Price:
$3.89
FITB Score:
-131.18
All dogs go somewhere, but not in my portfolio!
Recs
SBeren
(93.56)
Submitted: 4/22/2009 4:00:19 PM :
Start Price:
$4.21
FITB Score:
-109.40
Obsene Commercial Real Estate Exposure.
Recs
cashsage
(61.17)
Submitted: 4/14/2009 12:07:01 PM :
Start Price:
$3.66
FITB Score:
-145.81
FITB has one of the most illiquid balance sheet. It is also loss making.
Recs
WeenTang
(85.45)
Submitted: 4/9/2009 1:15:55 PM :
Start Price:
$3.23
FITB Score:
-183.47
Mark to market change is a joke
Recs
Collin757
(< 20)
Submitted: 4/9/2009 11:26:23 AM :
Start Price:
$3.22
FITB Score:
-183.35
short slope of hope
Recs
jester112358
(30.20)
Submitted: 3/13/2009 1:31:22 PM :
Start Price:
$1.70
FITB Score:
-449.50
Dead (zombie) bank walking. Going to zero.
Recs
BinaryChoice
(< 20)
Submitted: 3/5/2009 3:31:14 AM :
Start Price:
$1.61
FITB Score:
-471.15
Toxic assets will continue to strangle regional banks.
Recs
hopetocap
(< 20)
Submitted: 2/6/2009 2:57:46 PM :
Start Price:
$2.55
FITB Score:
-268.14
This is one bank that has many ghosts from the past. Florida (fitb) banks holds more surprises, and the rest of its commercial portfolio will have many more screams coming soon. Dump, dump this stock.
Recs
BRUEYM
(< 20)
Submitted: 2/3/2009 9:17:41 AM :
Start Price:
$2.12
FITB Score:
-345.05
turn out the lights
Recs
johole
(< 20)
Submitted: 1/20/2009 9:03:16 PM :
Start Price:
$4.30
FITB Score:
-98.85
Because I've held it over 5 years and never sold.
Recs
stockblog
(88.42)
Submitted: 9/30/2008 5:13:49 AM :
Start Price:
$10.61
FITB Score:
+4.13
The Fear Trade: Investors Pile into Gold and Treasuries
The Dow suffered its biggest one-day point drop in history (although not even close on a percentage loss basis) as investors moved out of stocks into traditional safe havens such as Treasuries and gold (GLD). The failure of Congress to approve the $700B bailout package stunned investors as lawmakers worked through the weekend and practically around the clock to put together a plan that was widely expected to pass. The Senate will return Wednesday night while the House meets again this Thursday following the Jewish New Year holiday recession.
In other signs of worry over a worsening global economic recession, the U.S. Oil Fund (USO) lost more than 10%, the Baltic Dry Index slipped to multi-year lows, the iShares Emerging Markets Index (EEM) was down over 11%, and the Market Vectors Steel ETF (SLX) was down over 16%. Very few stocks closed in the green today, but among stocks that I track BioSante Pharma (BPAX) surged by over 16% on over four times its average volume without any news releases to account for the move.
I plan to focus on the small and micro-cap biotech space since these companies trade in their own universe for the most part based on their clinical development activities regardless of the economy. I own shares of Cytori Therapeutics (CYTX), which had a mid-day surge in the midst of the market sell-off, but still ended the day in the red on light volume. Overall, I am still very cautious on the market and will keep most of my money in cash until the market stabilizes as the velocity of today's downturn around mid-day was unsettling.
RSS Headlines
Fool UK
- Show Me:
-
Outperform
-
Underperform
-
All
- Sort by:
-
Author
-
Recs
-
Date
-
Member Rating
-
Results 1 - 20 of 41 1 2 3 Next »