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Stock impact report

S&P 500 Gains and Losses Today: Regional Banks Slump on Worries About Bad Loans; Data Storage Stocks Surge [Yahoo! Finance]

Fifth Third Bancorp (FITB) 
Last fifth third bancorp earnings: 4/21 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.53.com/investor-overview
Company Research Source: Yahoo! Finance
a $50 million third-quarter charge to cover a pair of loans taken out by borrowers facing legal actions. Key Takeaways Regional bank stocks lost ground after a pair of banks disclosed issues with bad and fraudulent loans, while data storage stocks gained in the wake of price-target hikes from analysts. Fifth Third Bancorp and Regions Financial were among the S&P 500's biggest decliners after Zions warned of charges to cover bad loans and Western Alliance said it was dealing with a fraudulent borrower. Micron Technology, Western Digital, and Seagate Technology powered higher after Wall Street analysts highlighted strong AI-driven demand for memory and data storage. Reports of elevated loan losses from regional banks weighed on the sector, while expectations of AI-driven growth helped lift shares of companies in the data storage and memory chip businesses. Major U.S. equities indexes finished lower after a volatile session as U.S.-China trade tensions remained in focus and i Show less Read more
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