Fifth Third CEO: A Warsh Fed is 'golden' for banks [Yahoo! Finance Canada]
Fifth Third Bancorp (FITB)
Last fifth third bancorp earnings: 4/21 06:30 am
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Source: Yahoo! Finance Canada
Tim Spence, CEO of Fifth Third Bancorp ( FITB ), told Yahoo Finance's Opening Bid that the prospect of a Warsh-led Fed creates a "pretty golden environment for banks." His optimism hinges on Warsh slashing interest rates while aggressively shrinking the Fed's $6.6 trillion balance sheet. For an industry that makes its bread on the difference between short-term costs and long-term yields, "some steepness" to the curve — where rates stay above zero on the front end but rise on the back — is the ultimate profit engine. Spence noted that a remade Fed would ideally separate monetary policy from fiscal policy, leaving the messy reality of structural deficits to politicians. Yet, for much of Wall Street, this "golden" outlook could feel more like a "wash" waiting to happen. That's largely due to the sheer difficulty of what Warsh is proposing. According to an economics research report by Goldman Sachs economist David Mericle, Warsh's plan to aggressively shrink the balance sheet fac
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FITB
News
- Fifth Third Bancorp (NASDAQ:FITB) had its price target raised by analysts at Evercore ISI from $52.00 to $57.00. They now have an "in-line" rating on the stock.MarketBeat
- Assessing Fifth Third Bancorp (FITB) Valuation After Strong Recent Share Price Momentum [Yahoo! Finance]Yahoo! Finance
- Fifth Third Bancorp (NASDAQ:FITB) had its "buy" rating reaffirmed by analysts at UBS Group AG.MarketBeat
- Is Wall Street Bullish or Bearish on Fifth Third Bancorp Stock? [Yahoo! Finance]Yahoo! Finance
- Fifth Third Bancorp (NASDAQ:FITB) had its "buy" rating reaffirmed by analysts at TD Cowen. They now have a $60.00 price target on the stock.MarketBeat
FITB
Earnings
- 1/20/26 - Beat
FITB
Sec Filings
- 2/4/26 - Form 4
- 2/4/26 - Form 4
- 2/4/26 - Form 4
- FITB's page on the SEC website