DepewTube: Fifth Third To Pass Collection Plate

Minyanville Staff  Jun 18, 2008 12:15 pm

DepewTube: Fifth Third To Pass Collection Plate
 
Markets, movers and more.
 

 
On Executive Editor Kevin Depew's radar this morning? Fifth Third Bancorp (FITB) and its $2 billion capital raise. Whereas Bear Stearns was and Lehman Brothers (LEH) is a Wall Street bank, Fifth Third Bancorp is a Main Street bank. The mere perception of trouble could blunt consumer confidence -- already at its lowest level in 20 years -- and threaten consumption in the second half of the year.

There may also be a lesson for Federal Reserve chairmans past (Greenspan) and present (Bernanke) in the 150% increase in bankruptcy filings by seniors between 1991 and 2007. Artificially low interest rates, plus a fixed income and rising healthcare, food and energy costs, do not a pretty picture make.

Rate this article:  (0 Votes)
Comment (1) See All Comments »
06-19-2008, 4:09 pm
.... They took over our local bank and their harsh ways, compared to our local bank, seemed to make lots of money for the 5/3 bank's shareholders, but turned off us customers...

.... 5/3 took away the computer screens from every ot
Read More
discuss this article and more on the mv exchange
No positions in stocks mentioned.

Get real-time options trading ideas from Steve Smith, veteran options trader and newsletter author, plus let him show you the way to cut risk and boost your returns through the strategic use of options.  Click here for a free 14 day trial to OptionSmith by Steve Smith.



The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2009 Minyanville Media, Inc. All Rights Reserved.

Ticker Talk
Popular Tickers:
SPX »AMZN »F »
Select
  •  
Talk Now
Share this Talk on your site:
Send us your feedback

Our Professors

rss article alert