Shares of Fifth Third Bancorp (NASDAQ:FITB) ended Tuesday session in green amid volatile trading. The shares closed up +0.09 points or 0.41% at $21.85 with 6.93 million shares getting traded. Post opening the session at $21.90, the shares hit an intraday low of $21.44 and an intraday high of $22.08 and the price vacillated in this range throughout the day. The company has a market cap of $16.62 billion and the numbers of outstanding shares have been calculated to be 755.58 million shares.
Fifth Third Bancorp (FITB) announced that Aravind Immaneni will be joining the Bank effective Nov. 14, 2016, as executive vice president and chief operations and technology officer. Immaneni will report to President and CEO Greg D. Carmichael. He will be responsible for all aspects of information technology and back-office operations at the $143 billion bank.
Immaneni has extensive experience in transforming businesses by reinventing operations, technology and processes. He joins Fifth Third from TD Bank, where he currently is head of Retail Distribution Strategy & Operations. In that role, Immaneni has oversight for branch operations, infrastructure, distribution strategy and transformation for TD Bank’s 1,280-branch network from Maine to Florida. Prior to his current role, he served as head of Retail Bank Operations, with oversight for back-office operations, systems, loan origination and underwriting for TD’s Consumer Bank.
Shares of PrivateBancorp Inc (NASDAQ:PVTB) ended Tuesday session in red amid volatile trading. The shares closed down -0.34 points or -0.75% at $44.90 with 559,230.00 shares getting traded. Post opening the session at $45.33, the shares hit an intraday low of $44.79 and an intraday high of $45.50 and the price vacillated in this range throughout the day. The company has a market cap of $3.56 billion and the numbers of outstanding shares have been calculated to be 79.64 million shares.
PrivateBancorp Inc (PVTB) announced that it has published the summary results of its annual company-run capital stress test as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act and Federal Reserve regulations. The summary results are available under the “DFAST Disclosure” link at investor.theprivatebank.com. Results are based on a forward-looking exercise using hypothetical severely adverse macroeconomic conditions prescribed by the Federal Reserve and the Federal Deposit Insurance Corporation and do not represent the Company’s forecast of future economic conditions or expected future financial results or condition.