and the Beat Goes On ...
MarketBeat : Today's Regional Banking Dog: Fifth Third:
"BMO analysts say the company is in danger of cutting its dividend by at least half due to greater-than-expected losses in the mortgage portfolio, where the bank has significant exposure to the stressed markets of Florida and Michigan. Shares are down 13% and are among the more actively traded on the Nasdaq (behind the usual tech giants).
In a commentary Wednesday, Fox, Pitt-Kelton analyst Dan Wantrobski questioned whether “anyone was even close” to that vaunted capitulation moment the world eagerly awaits. He says Fifth Third is one of those, demonstrating a requisite number of lousy characteristics that “in the past signaled proximity to trend exhaustion.”"
Or maybe just a poorly managed bank ...
Personally, I'm fed up with them.
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