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FITB Jul 2024 35.000 put

OPR - OPR Delayed price. Currency in USD
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0.05000.0000 (0.00%)
At close: 10:51AM EDT
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Previous close0.0500
Open0.0500
Bid0.0000
Ask0.1000
Strike35.00
Expiry date2024-07-19
Day's range0.0500 - 0.0600
Contract rangeN/A
Volume7
Open interest2.17k
  • Yahoo Finance Video

    CrowdStrike outage, Biden, Fifth Third Bank CEO: Catalysts

    Global IT outages caused by a CrowdStrike (CRWD) update to Microsoft Windows systems (MSFT) are rippling through major industries, causing massive issues from grounded planes to down 9-1-1 call centers. CrowdStrike management has addressed the outage as an incident related to an update, not a cyberattack. Although the CME FedWatch tool puts the probability of an interest rate cut at nearly 100% in September, there is still much uncertainty around ongoing geopolitical conflicts and the upcoming election in November. With so much that could happen in the second half of the year, investors are looking for strategies to solidify their positions. ProShares global investment strategist Simeon Hyman joined the show to break down some of the best strategies investors should consider heading into the second half of 2024. Shares of oil field services company Halliburton (HAL) fell after its second quarter revenue fell short of Street estimates. Its North America revenue declined 3% to $2.5 billion sequentially while international revenue rose 3% to $3.4 billion. Shares of Eli Lilly (LLY) are soaring after the pharmaceutical giant received regulatory approval in China for its GLP-1 weight-loss drug, Zepbound. Fifth Third Bancorp (FITB) recently posted its second quarter earnings, revealing total revenue of $2.08 billion, just below estimates of $2.12 billion. Net income available to common shareholders was $561 million, a 17% increase compared to the previous quarter. Fifth Third Bancorp CEO Tim Spence sits down with Yahoo Finance executive editor Brian Sozzi to discuss the regional bank's performance as well as how it is preparing for uncertainty related to the Federal Reserve's interest rate environment and the 2024 election. For more expert insight and the latest market action, click here. This post was written by Nicholas Jacobino

  • Yahoo Finance Video

    The reason why Fifth Third Bank holds so much liquidity: CEO

    Fifth Third Bancorp (FITB) recently posted its second quarter earnings, revealing total revenue of $2.08 billion, just below estimates of $2.12 billion. Net income available to common shareholders was $561 million, a 17% increase compared to the previous quarter. Fifth Third Bancorp CEO Tim Spence joins Catalysts to sit down with Yahoo Finance executive editor Brian Sozzi to discuss the regional bank's performance as well as how it is preparing for uncertainty related to the Federal Reserve's interest rate environment and the 2024 election. When asked about why the bank is holding a certain level of liquidity, Spence comments: "We are not a company that's focused on achieving the highest levels of growth when times are good. We're focused on delivering the most consistent earnings profit, and in particular, a port in the storm when things are challenging, and that obviously worked well for us last year... I there is more discounting going on. I think the labor market has stabilized. So there is evidence that we're going to continue to see a decline in inflation." Spence finds "the other side of the equation," such as geopolitical conflicts in the Middle East and rate uncertainty, coinciding with "historically large deficits here in the US, which historically have been difficult to maintain." Spence affirms that the "right thing for a bank that wants to deliver a more consistent earnings profile is to make sure that we're prepared for anything that comes. And the byproduct of that is we are carrying elevated liquidity." Spence also comments on Senator JD Vance's (R-Oh.) formal nomination as former President Trump's running mate and weighs in on financial conditions for the regional bank's customer base. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino

  • Zacks

    Fifth Third (FITB) Q2 Earnings Beat Estimates, NII Falls Y/Y

    Fifth Third's (FITB) Q2 earnings benefit from a year-over-year decline in expenses and provisions. However, declining loan and deposit balances, along with lower NII, act as spoilsports.