Replies to post #1880 on Fifth Third Bancorp (FITB)

[Vulcanized Crawler]

NEW YORK (MarketWatch) -- Fifth Third Bancorp said Thursday its posted a first-quarter loss for its common shareholders, after accounting for loan loss provisions and paying the government $76 million in preferred dividends.
The company (FITB:Fifth Third Bancorp
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Last: 3.69-0.27-6.82%

4:00pm 04/22/2009

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FITB 3.69, -0.27, -6.8%) said its loss for common shareholders was $26 million, or 4 cents a share, compared to $286 million profit, or 54 cents a share a year ago.
Net income before preferred dividends fell 83% to $50 million from $286 million a year earlier.
Fifth Third paid the government dividends on about $3.4 billion of stock it sold to the U.S. Treasury last year.
The results followed a loss of around $2.1 billion in the final quarter of 2008.
The group said income benefited by roughly 18 cents a share from several one-time items. Analysts polled by FactSet had been expecting a loss of 27 cents a share.
Greg Morcroft is MarketWatch's financial editor in New York.

[dominos3265 is a punk]

Going to be a very good day !