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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (24728)	1/15/2005 4:13:09 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

finance.yahoo.com finance.yahoo.com Ohio builder in trouble? For the nine months ended 9/30/04, revenues rose 7% to $426.5 million. Net income decreased 14% to $19.2 million. Revenues reflect an increase in the number of homes delivered. Net income was offset by an increase in investments on personnel and lower margins. ==================================================================== Ohio Problem? Bernstein lowers estimates for Fifth Third By David Weidner NEW YORK (CBS.MW) -- Bernstein on Monday lowered its 2004 earnings estimates for Fifth Third Bancorp (FITB: news, chart, profile) after the Cincinnati-based bank announced it would take $80 million in securities losses and $260 million in charges. Bernstein lowered its estimate to $2.66 from $3.22 and the 2005 estimate to $3.25 from $3.63. Fifth Third shares fell $3.67, or 7 percent, to close at $47.99 on Friday. 10:44am 12/03/04 S&P puts Fifth Third ratings on CreditWatch By Alistair Barr SAN FRANCISCO (CBS.MW) -- Standard & Poor's said Friday that it put its ratings of Fifth Third Bancorp (FITB: news, chart, profile), including the bank's "AA-" long-term counterparty rating, on CreditWatch with negative implications. The rating agency said the bank's recent moves to adjust its balance sheet to prepare for higher interest rates increases concern that management is cutting its view of acceptable capital levels. Ratings of the bank's subsidiaries are not on CreditWatch, S&P added. 3:27am 12/03/04 Merrill lowers Fifth Third, cuts '04 '05 EPS estimates By Aude Lagorce LONDON (CBS.MW) -- Merrill Lynch downgraded Fifth Third Bancorp (FITB: news, chart, profile) to neutral from buy, citing the lack of a near-term earnings or valuation catalyst. The broker cut its 2004 and 2005 earnings-per-share estimates to $2.67 from $3.20 and to $3.25 from $3.50, respectively. Talking about fourth-quarter earnings trends, Merrill said "net interest income, processing fees, service charges, and investment advisory fees are all trending weaker than we expected, while operating costs are trending higher than we expected." My god an accurate analyst forecast on something: 10:15am 09/01/04 Fifth Third Bancorp slips on Morgan Stanley downgrade By Mark Cotton NEW YORK (CBS.MW)-- Shares of Fifth Third Bancorp (FITB: news, chart, profile) fell 1.8 percent to $48.94 in morning trading Wednesday after Morgan Stanley analyst Betsy Graseck downgraded the company to "equal weight" from "overweight." Graseck also lowered her price target by $6 to $54. The analyst said the bank's earnings over the third and fourth quarter will suffer from the negative impact of a shorter duration securities portfolio, its exit from fixed receive swaps and a pullback on share repurchases. These moves, said Graseck, are part of the bank's strategy, to reposition its balance sheet for an increase in interest rates. Graseck cut her third quarter estimates by a penny to 79 cents a share and her fourth quarter forecast by 3 cents to 82 cents a share. The analyst is more upbeat about the stock long-term and says its actions over the next two quarters should help Fifth Third Bancorp's margins in 2005. does not appear FITB and DHOM are related as for precursor.... Probably Mish