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-0.000637653435357869 -0.00143472022955529 -0.00271002710027103 -0.00366650725330789 -0.00414474732982621 -0.00717360114777623 -0.00526064084170251 -0.00478240076518419
Stock impact report

The US has more than 5,600 banks. Consolidation is coming [CNBC]

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: CNBC
The US's banks have largely sat out the mergers and acquisitions wave of recent years. While deal records have fallen in almost every other sector, big banks have done almost nothing, shrinking rather than expanding. And merger activity among small and mid-sized banks — some 5,607 of them, at last count — has been subdued. But when Fifth Third Bancorp of Cincinnati revealed its $4.7bn swoop for Chicago's MB Financial on Monday morning, shares in other Chicago-area banks began to move, too. Wintrust , a similar-sized bank based in Rosemont, Illinois, ended the day up almost 4 per cent, while First Midwest of Itasca closed up 3 per cent. The implications were obvious: after years of thin activity in bank M&A, this deal could mark a turn. Receive 4 weeks of unlimited digital access to the Financial Times for just $1 . The conditions for dealmaking look better than at any time since the financial crisis. Higher interest rates and lower taxes have pumped up ba Show less Read more
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