Fifth Third (FITB) and Other Regionals Drop Double-Digits
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Shares of Fifth Third Bancorp (Nasdaq: FITB) are down over 30% after reporting a Q4 loss of $3.82 vs. the consensus for a $0.01 profit. (Fourth quarter results included a non-cash charge of $965 million pre-tax, or $1.64 per share after-tax, to record the impairment of goodwill)
Other regional banks: First Midwest Bancorp, Inc. (Nasdaq: FMBI) -37.23%, Amcore Financial, Inc. (Nasdaq: AMFI) -34.40%, Huntington Bancshares (Nasdaq: HBAN) -29.07%, Capitol Bancorp Ltd. (NYSE: CBC) -21.38%, First Place Financial (Nasdaq: FPFC) -18.60%, and Citizens Republic Bancorp (Nasdaq: CRBC) -13.89%.
Fifth Third Bancorp (the Bancorp) is a diversified financial services company.[SM]
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