Rochester,NY 8/15/2009 2:12:29 AM
News / Business

Fifth Third Bancorp ., FITB - Fifth Third Leads Bank Shares Lower After 74% Surge in 6 Months

Fifth Third Bancorp led the nation’s largest lenders lower in New York trading on concern earnings prospects don’t justify average gains of about 74 percent in the past six months.

 

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Fifth Third Bancorp has a market cap of $5.6 billion; its shares were traded at around $9.71 with and P/S ratio of 0.65. The dividend yield of Fifth Third Bancorp stocks is 0.41%. Fifth Third Bancorp had an annual average earning growth of 8% over the past 10 years.the Bancorp issued approximately 158 million common shares at an average share price of $6.33. In addition, on June 17, 2009, the Bancorp completed its offer to exchange 2,158.8272 shares of its common stock, no par value, and $8,250 in cash, for each set of 250 validly tendered and accepted depositary shares of its Series G convertible preferred stock.

 

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