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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: ajtj99 who wrote (93178)1/22/2009 9:28:24 PM
From: mishedlo1 Recommendation  Respond to of 116555
 
Fifth Third, Huntington, Keycorp Report Huge Losses
globaleconomicanalysis.blogspot.com

Fifth Third (FITB) and Huntington (HBAN) were crushed today after reporting huge losses. Fifth Third tried to reassure investors by noting the writeoffs were "goodwill", non-cash writeoffs. Keycorp (KEY) did the same.

We will take a look at goodwill in just a bit, but first let's review the story: Fifth Third, Huntington shares slip 30% on dividend cuts, rising charges....

Mish