Fifth Third Bancorp → Noticias

NORTHAMPTON, MA / ACCESSWIRE / September 30, 2022 / Fifth Third Bancorp: Joining with Cincinnati Mayor Aftab Pureval and representatives from Duke Energy, the Cincinnati USA Regional Chamber and BLINK, Fifth Third Bank announced on Sept. 29 that is measuring the carbon impact and providing verified carbon offsets for the lighting installations at BLINK, Illuminated by ArtsWave, in Cincinnati. BLINK is one of the nation''s largest outdoor light and art festivals and is known for its immersive exhibits and experiences. It will return to Cincinnati Oct. 13-16, 2022. Pictured, from left to right, are Mike Faillo, Fifth Third''s chief sustainability officer, Justin Brookhart, executive director of Blink, Aftab Pureval, mayor of Cincinnati, Amy Spiller, president of Duke Energy Ohio and Kentucky, and Tim Elsbrock, regional president of Fifth Third Bank in greater Cincinnati. Cincinnati-based Fifth Third has been focused on reducing its environmental footprint for over a decade and became carbon neutral for its own operations in 2020.
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CINCINNATI — Fifth Third Bank, Public Affiliation, a perceived innovator in ecological manageability, declared that it is collaborating… Continue reading on Medium »
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Fifth Third Bank, National Association, a recognized leader in environmental sustainability, announced that it is partnering with the Cincinnati USA Regional Chamber and Duke Energy to measure the carbon impact and provide the verified carbon offsets for the lighting installations at BLINK, Illuminated by ArtsWave, in Cincinnati. The event is one of the nation’s largest outdoor light and art
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NORTHAMPTON, MA / ACCESSWIRE / September 27, 2022 / Fifth Third Bancorp: More than 3,900 Fifth Third employees participate in one or more of our Business Resource Groups (BRGs)-a 20% increase since 2018. Our inclusion councils and BRGs provide employees opportunities for networking, learning and personal growth, as well as an outlet for community outreach and volunteerism. We operate 13 inclusion councils and 65 local BRGs. Senior executives also lead eight virtual Enterprise BRGs that enable all employees to participate regardless of their work location- greatly expanding access for employees with alternative work arrangements and those who work outside of our core Consumer Banking footprint. Each BRG focuses on three pillars: employee development, community involvement and business innovation. CONNECTING AND SERVING Despite the ongoing challenges of the pandemic, our BRGs were active in 2021. Based on the success of virtual town halls in 2020, we offered more opportunities for BRG members to network, share their voice with executives and support each other in a virtual setting.
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CINCINNATI, OH / ACCESSWIRE / September 23, 2022 / Fifth Third Bancorp. As National Drive Electric Week approaches, Fifth Third today announced the installation of 20 new electric vehicle charging units at its Madisonville Operations Center parking garage in Cincinnati. The charging stations are now providing more than 4,000 employees-approximately 20% of Fifth Third''s total employee base-with the ability to charge electric vehicles. Fifth Third, which is headquartered in Cincinnati, has been growing its electric vehicle charging program since 2020. "Growing our EV charging capacity is a natural progression for Fifth Third and its commitment to sustainability," said Jeremy Faust, vice president and director of operational sustainability, Fifth Third Bank. "Among our five Board-approved ESG priorities are addressing climate change and delivering on our commitment to employees. Installing 20 EV charging stations for our employees'' use at our Madisonville Operations Center advances both.
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Fifth Third Bank, National Association, today announced it will increase its prime lending rate to 6.25%, effective immediately. The rate was last changed on July 27, 2022, when Fifth Third increased its prime lending rate from 4.75% to 5.50%. About Fifth Third Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company
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Fifth Third Bancorp (FITB) unit Fifth Third Bank, National Association, is launching mortgage warehouse finance business.
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Fifth Third Bancorp (NASDAQ:FITB) declared $0.33/share quarterly dividend, 10% increase from prior dividend of $0.30.Forward yield 3.63%Payable Oct. 17; for shareholders of record Sept.
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CINCINNATI--(BUSINESS WIRE)--Today Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, Series L preferred shares, and Class B Series A preferred shares. Fifth Third Bancorp (Nasdaq: FITB) today declared a cash dividend on its common shares of $0.33 per share for the third quarter of 2022. The dividend is payable on October 17, 2022 to shareholders of record as of September 30, 2022
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Average US Credit Card Rate Hits Highest On Record While the Fed''s rate hiking cycle is about to push the overnight Fed Funds Rate to 2.50% in two weeks, banks have so far completely refused to translate these sharply higher wholesale rates into benefits for US savers. In fact, as the following breakdown of consumer deposit rates at the largest US bank, one would think that the US is still stuck at ZIRP. But while big money center banks refuse to even consider lifting the rate on their savings accounts, they have no such qualms when it comes to how much they charge on credit cards, and according to Bankrate.com''s latest survey, the average credit card rate is now 18.03%, the highest on record since January 1996. According to Ted Rossman, senior industry analyst at Bankrate, “the average credit card rate is now a record-high 18.03% , surpassing the previous record of 17.87% which was set in April 2019. And Federal Reserve Chairman Jerome Powell has made it clear that the Fed is not done raising rates – not by a long shot.
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Fifth Third Bank today hosted its sixth Supplier Diversity Summit, providing an opportunity for suppliers to explore innovative best practices, as well as connect with Fifth Third representatives and other corporate and community partners. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220810005752/en/ Fifth Third Senior
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FITB is a great regional banking company with a long history of success. As with many banks, the economic backdrop and reduced mortgage banking business are presenting near-term challenges.
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Related Stocks: ESGD , SCS , HCP , VEA , JPST ,
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Fifth Third Bancorp (Nasdaq: FITB) is expected to report financial results and host conference calls to discuss results on the following dates: Thursd
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In the latest trading session, 1.56 million Fifth Third Bancorp (NASDAQ:FITB) shares changed hands as the company’s beta touched 1.33. With the company’s most recent per share price at $33.40 changing hands around $0.25 or 0.77% at last look, the market valuation stands at $23.16B. FITB’s current price is a discount, trading about -51.62% off … Fifth Third Bancorp (NASDAQ: FITB) Stock Could Make A -58.68% Loss Read More »
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Equities researchers at Wedbush dropped their FY2022 earnings per share (EPS) estimates for Fifth Third Bancorp in a research report issued to clients and investors on Friday, July 22nd. Wedbush … Read Full Story at source (may require registration) The post Wedbush Equities Analysts Cut Earnings Estimates for Fifth Third Bancorp (NASDAQ:FITB) appeared first on ForexTV .
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https://www.investing.com/news/pro/fifth-third-bancorp-pt-lowered-to-49-at-argus-432SI-2851871
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https://www.investing.com/news/pro/fifth-third-bancorp-pt-lowered-to-53-at-barclays-432SI-2851448
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FITB earnings call for the period ending June 30, 2022.
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https://www.investing.com/news/pro/fifth-third-bancorp-pt-raised-to-70-at-cfra-432SI-2850984
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The following slide deck was published by Fifth Third Bancorp in conjunction with their 2022 Q2 earnings call.
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Companies Reporting Before The Bell • SAP (NYSE: SAP ) is projected to report quarterly earnings at $1.15 per share on revenue of $7.56 billion. • Webster Finl (NYSE: WBS ) is likely to report earnings for its second quarter. • Champions Oncology (NASDAQ: CSBR ) is projected to report quarterly earnings at $0.02 per share on revenue of $12.72 million. • Atlantic Union Bankshares (NASDAQ: AUB ) is estimated to report quarterly earnings at $0.70 per share on revenue of $172.65 million. • OFG Bancorp (NYSE: OFG ) is likely to report quarterly earnings at $0.74 per share on revenue of $111.55 million. • Home BancShares (NYSE: HOMB ) is likely to report quarterly earnings at $0.34 per share on revenue of $227.32 million. • Heritage Financial (NASDAQ: HFWA ) is projected to report quarterly earnings at $0.45 per share on revenue of $56.89 million. • KeyCorp (NYSE: KEY ) is expected to report quarterly earnings at $0.52 per share on revenue of $1.76 billion. • Tractor Supply (NASDAQ: TSCO ) is likely to report quarterly earnings at $3.
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Fifth Third Bancorp (FITB) is scheduled to announce Q2 earnings results on Thursday, July 21st, before market open.The consensus EPS Estimate is $0.87 and the consensus Revenue Estimate is…
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Fifth Third Bancorp (NASDAQ: FITB ) is set to give its latest quarterly earnings report on Thursday, 2022-07-21. Here''s what investors need to know before the announcement. Analysts estimate that Fifth Third Bancorp will report an earnings per share (EPS) of $0.88. Fifth Third Bancorp bulls will hope to hear the company to announce they''ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, … Full story available on Benzinga.com
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I am writing today about six undervalued bank stocks to buy now. These banks are high quality as they will keep paying their dividends and buying back stock. Those two measures will help push their prices higher. Moreover, their valuations are very inexpensive with low price-to-earnings (P/E) multiples, and low price-to-tangible book value per share (P/TBVPS) ratios. The average of this group is 8.8x and the average yield is 3.89%, as the table on the right shows. Source: Mark R. Hake, CFA However, due to bank’s inherent leverage, even if just 3% of the loan assets stop making payments and the bank has to begin the process of writing them off, it reduces equity by 30%. That is, the book value will drop precipitously. The market will react violently to this and the bank will have trouble raising capital to replace that reduction. Then the regulators come in and screw the nuts even tighter. This is why banks keep reserves and also start taking provisions. Moreover, smaller regional banks tend to be under less pressure than other larger money center banks.
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The trading price of Fifth Third Bancorp (NASDAQ:FITB) floating lower at last check on Wednesday, July 13, closing at $32.52, -3.01% lower than its previous close. >> 5 Best Growth Stocks for 2022 << >> 5 Best Growth Stocks for 2022 << Traders who pay close attention to intraday price movement should know that it … Should This Make Fifth Third Bancorp (NASDAQ: FITB) Investors Worry? Read More »
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FORT WORTH, Texas, June 30, 2022 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced (i) the closing of the acquisition of the Howard County assets of Hannathon Petroleum, LLC (“Hannathon”) and other non-operated working interest owners (“Hannathon Acquisition”) and (ii) that its bank group, led by Fifth Third Bank, N.A., (“Fifth Third Bank”) has increased the Company’s borrowing base and aggregate elected commitments to $400 million.
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FORT WORTH, Texas, June 30, 2022 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. ("HighPeak" or the "Company") (NASDAQ: HPK ) today announced (i) the closing of the acquisition of the Howard County assets of Hannathon Petroleum, LLC ("Hannathon") and other non-operated working interest owners ("Hannathon Acquisition") and (ii) that its bank group, led by Fifth Third Bank, N.A., ("Fifth Third Bank") has increased the Company''s borrowing base and aggregate elected commitments to $400 million. Highlights Closed the Hannathon Acquisition on June 27, 2022 Cash consideration for the Hannathon Acquisition was reduced to approximately $237 million and the equity consideration was reduced to approximately 3.5 million shares of the Company''s Common Stock, net of customary purchase price adjustments, which remain subject to final post-closing settlement Increased the Revolving Credit Facility borrowing base and aggregate elected commitments from $138.75 million to $400 million and added three banks to the Revolving Credit Facility bank group Jack Hightower, Chairman and Chief Executive Officer of HighPeak, said "We are excited to close the Hannathon Acquisition ahead of schedule which expands our operational footprint in the Signal Peak area and enables us to further accelerate development and improve efficiencies.
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Fifth Third Bancorp (FITB) expanded its 2020 $8B sustainable finance goal to a $100B environmental and social finance target to be achieved through 2030.The new target was published…
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U.S. regional banks PNC Financial Services (PNC), Fifth Third Bancorp (FITB) and Huntington Bancshares (HBAN) on Monday gave an update after passing the Federal Reserve''s stress…
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Fifth Third Bancorp (NASDAQ:FITB) shares, rose in value on Friday, June 24, with the stock price up by 3.88% to the previous day’s close as strong demand from buyers drove the stock to $34.81. Actively observing the price movement in the recent trading, the stock is buoying the session at $33.51, falling within a range … Fifth Third Bancorp (NASDAQ: FITB): Is It Stable And Growing? Read More »
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Best Internet Banks Best Credit Unions Best Banks for High-Net-Worth Clients Best Banks for Retirees Best Banks for Families With Kids GOLD: TD Bank www.td.com Why it won: Most of TD’s accounts have reasonably low minimum-balance requirements and features to satisfy a variety of customers. Standout account: Beyond Checking offers several perks and three ways to waive the monthly fee. Where it is: More than 1,100 branches in 15 eastern states and Washington, D.C. Terms and rates are for Delaware. TD Bank has appeared among our national-bank finalists all six years that we’ve compiled our rankings, thanks to an appealing collection of accounts that don’t require big balances to avoid monthly fees. And TD is rolling out changes to its overdraft program. You can now overdraw your account by up to $50 without incurring an overdraft fee. Starting late this fall, customers will have 24 hours to rectify an overdraft of more than $50, and they’ll no longer pay a fee to transfer funds to checking from a backup account in case of an overdraft.
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Fifth Third Bancorp (FITB) unit Fifth Third Bank, National Association, is set to increase its prime lending rate to 4.75%, with immediate effect
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Over the past 3 months, 6 analysts have published their opinion on Fifth Third Bancorp (NASDAQ: FITB ) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company''s business to predict how a stock will trade over the upcoming year. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 3 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 1 0 0 2M Ago 1 1 1 0 0 3M Ago 0 0 1 0 0 In the last 3 months, 6 analysts have offered 12-month price targets for Fifth Third Bancorp. The company has an average price target of $46.58 with a high of $52.00 and a low of $37.00. Below is a summary … Full story available on Benzinga.com
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Fifth Third''s asset sensitive balance sheet attractively positions the bank to benefit from rising interest rates. Read more to know why I rate it as a buy.
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“As it relates to our current ambitions, we’re doing pretty well without buying a bank,” said Tim Spence, Fifth Third Bank''s incoming CEO.
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Here are the seven the best dividend stocks to buy that offer a healthy retirement income. PepsiCo (NASDAQ: PEP ): This inflation-resistant business will continue rewarding shareholders. Intel (NASDAQ: INTC ): With a strong product lineup in the coming months, Intel could reestablish its dominance in its business segments. Fifth Third Bancorp (NASDAQ: FITB ): FITB has healthy loan and deposit growth and exposure to profitable markets in the U.S. Morgan Stanley (NYSE: MS ): The investment banking giant has effectively diversified income streams. United Parcel Service (NYSE: UPS ): The cash flow generating machine aims to return over $7 billion to shareholders this year. SL Green Realty (NYSE: SLG ): Office REIT with incredible occupancy rates that should be back with a bang in the post-pandemic world. AbbVie (NYSE: ABBV ): ABBV is not a one-trick pony anymore, as it has other oncology products firing lately. Source: Shutterstock It’s perhaps never too early to plan for your retirement, especially in today’s investing environment.
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The following slide deck was published by Fifth Third Bancorp in conjunction with this event.
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Dividend stocks are a great way to buffer your portfolio against the uncertainty in the market, especially when thinking long-term. Bank of New York Mellon ( BK ) was originally owned by Alexander Hamilton and has been around since 1784. Fifth Third Bancorp ( FITB ) is one of the top regional banks in the country and continues to drive innovation. Intel ( INTC ) remains a premier chipmaker and bringing chipmaking back to the U.S. will help its long-term stability. Merck ( MRK ) may have missed out on the Covid vaccine gold rush but it remains one of the top drug companies in the world. Amgen ( AMGN ) is the kind of biotech all biotech hopefuls want to grow up to be, with plenty of drugs in the market and in the pipeline. Morgan Stanley ( MS ) has proven to be both one of the most durable financial services companies and one of the most profitable, decade after decade. T Rowe Price ( TROW ) might not be one of the big Wall Street names but it has been delivering for its clients and shareholders more than eight decades.
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Fifth Third Bancorp (NASDAQ:FITB) traded at $36.55 at last check on Tuesday, May 17, made an upward move of 2.41% on its previous day’s price. Looking at the stock we see that its previous close was $35.69 and the beta (5Y monthly) reads 1.31 with the day’s price range being $35.34 – $36.18. The company … Fifth Third Bancorp (NASDAQ: FITB) Today’s Hot Stock Read More »
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https://www.investing.com/analysis/fifth-third-bancorp-stock-bestows-opportunity-200623962
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Fifth Third Bancorp (FITB) said Tuesday it acquired Dividend Finance, a fintech point-of-sale lender.Dividend Finance provides financing solutions for residential renewable energy…
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Fifth Third Bancorp (NASDAQ:FITB) and Citizens & Northern (NASDAQ:CZNC) are both finance companies, but which is the better investment? We will compare the two businesses based on the strength of their analyst recommendations, valuation, earnings, profitability, institutional ownership, risk and dividends. Profitability This table compares Fifth Third Bancorp and Citizens & Northern’s net margins, return […]
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Fifth Third Bancorp (FITB) with the stream of -2.41% also noticed, India Teva Pharmaceutical Industries Limited (TEVA) encountered a rapid change of -1.17% in the last hour of Thursdays trading The post Technical Indicators under Review: Fifth Third Bancorp (NASDAQ:FITB), Teva Pharmaceutical Industries Limited (NYSE:TEVA) appeared first on Stocks Equity .
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(RTTNews) - Fifth Third Bancorp (FITB) announced earnings for its second quarter that advanced from the same period last year. The company''s earnings came in at $674 million, or $0.95 per share. This compares with $163 million, or $0.23 per share, in last year''s second quarter. Analysts had expected the company to earn $0.8 per share,
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Cincinnati, Ohio-based Fifth Third Bank has selected financial technology leader FIS® (NYSE: FIS) to replace its legacy deposit and trust servicing systems with FIS next-generation platforms.
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Fifth Third Bancorp (FITB) with the stream of 4.19% also noticed, India Sunworks, Inc. (SUNW) encountered a rapid change of -1.36% in the last hour of Fridays trading session. Fifth The post Foreshadowing Stock: Fifth Third Bancorp (NASDAQ:FITB), Sunworks, Inc. (NASDAQ:SUNW) appeared first on Stocks Equity .
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Image source: David Mark / Pixabay By Nandita Bose and Michelle Price WASHINGTON, July 9 (Reuters) - President Joe Biden''s planned executive order to promote greater U.S. competition will target bank mergers by pushing the Federal Reserve and the Department of Justice to update merger guidelines and increase scrutiny of deals, according to a source familiar with the matter. It will also ask the Consumer Financial Protection Bureau (CFPB) to issue rules giving consumers full control of their financial data to make it easier for customers to switch banks, the source said. The planned order, which is expected to be signed by Biden on Friday, is likely to chill M&A in the banking sector after a rash of deals unleashed by the Trump administration''s more industry-friendly regulatory policy. Those included the $28 billion marriage of BB&T Corp and SunTrust , the biggest bank tie-up since the 2007-2009 financial crisis, and Fifth Third Bancorp''s $4.7 billion purchase of MB Financial Inc, and many smaller deals.
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Fifth Third Bancorp (NASDAQ:FITB) with the stream of -0.40% also noticed, India WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) encountered a rapid change of 0.77% in the last hour of Wednesday’s … The post Blustering Stock Grabbing Investor’s Attention: Fifth Third Bancorp (NASDAQ:FITB), WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) appeared first on Stocks Equity .
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CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) today announced that its subsidiary, Fifth Third Bank, National Association (the Bank), has submitted a redemption notice to the issuing and paying agent for redemption of all of the Banks outstanding 2.875% fixed rate senior notes due October 1, 2021 (CUSIP 31677QBC2) issued in the principal amount of $850 million. The Bank notes will be redeemed on September 1, 2021 pursuant to their terms and conditions for an amount equal to
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