US banks rejig securities to cut mark-to-market losses
Fifth Third leads charge with $12.6bn transfer from AFS to HTM pen
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Fifth Third leads charge with $12.6bn transfer from AFS to HTM pen
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LSV Asset Management cut its position in shares of Fifth Third Bancorp (NASDAQ:FITB – Free Report) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,856,500 shares of the financial services provider’s stock after selling 261,800 shares during the period. […]
-- Tim Spence, CEO of Fifth Third, reveals that despite a tumultuous 2023 for the banking sector, his bank ended the year with a return on assets of 1.3% and a return on tangible equity of 17%. This... -January 22, 2024 at 12:56 pm EST - MarketScreener