Fin Stocks Highlights! Fifth Third Bancorp (FITB), Banco Bradesco SA (BBD)

Shares of Fifth Third Bancorp (NASDAQ:FITB) ended Thursday session in red amid volatile trading. The shares closed down -0.20 points or -0.93% at $21.42 with 5.41 million shares getting traded. Post opening the session at $21.66, the shares hit an intraday low of $21.34 and an intraday high of $21.75 and the price vacillated in this range throughout the day. The company has a market cap of $16.18 billion and the numbers of outstanding shares have been calculated to be 755.58 million shares.

Fifth Third Bancorp (FITB) declared recently that Brian Lamb has been named its chief corporate responsibility and reputation officer. He will report to Teresa Tanner, chief administrative officer.

Lamb most recently served as regional president for the Bank’s North Florida region, based in Tampa. In a newly created role, Lamb will be accountable for the comprehensive planned framework of the Bank’s civic commitments and reputation administration. He will oversee multiple areas, counting Community Economic Development, the Bank’s Community Development Corporation (CDC), Corporate Communications, Diversity & Corporate Social Responsibility and Ethics.

Lamb joined Fifth Third in 2006 as chief financial officer of the Tampa Bay region. Before being named regional president, Lamb served as the head of Business Banking for that market.

Shares of Banco Bradesco SA (ADR) (NYSE:BBD) ended Thursday session in red amid volatile trading. The shares closed down -0.17 points or -1.76% at $9.74 with 10.66 million shares getting traded. Post opening the session at $9.92, the shares hit an intraday low of $9.69 and an intraday high of $10.15 and the price vacillated in this range throughout the day. The company has a market cap of $52.92 billion and the numbers of outstanding shares have been calculated to be 2.76 billion shares.

Banco Bradesco SA (ADR) (BBD) provides banking and financial products and services to individuals, companies, and corporations and institutions. The company operates through two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. It accepts various deposit products, such as demand and time deposits, checking and savings accounts, interbank deposits from financial institutions, and accounts for salary purposes. The company also offers loans comprising personal and short-term loans, vehicle financing, overdraft loans, and payroll-deductible loans; housing loans; and government-funded long-term loans, such as BNDES onlending/FINAME.

 

 

 

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