First Midwest Bancorp shares sink as fourth-quarter performance fails expectations

FMBI picture

By Jinman Li Medill Reports Shares plummeted by 4.1 percent after First Midwest Bancorp Inc. (Nasdaq: FMBI), the holding company of First Midwest Bank, released fourth-quarter earnings that fell short of Wall Street expectations. The Itasca, Ill.-based company reported net income of $2.3 million, or 2 cents per diluted share, for the quarter ended Dec. […]

Fifth Third Bancorp shares hit a 10-year high after earnings top expectations

Fifth Third Bank

By Jinman Li Medill Reports Earnings of Fifth Third Bancorp (Nasdaq: FITB), the holding company of the Cincinnati-based regional banking corporation Fifth Third Bank, leapt 31 percent in its fourth-quarter report, topping Wall Street estimates. The results were favorably impacted by Vantiv-related investment throughout 2016 and 2017 and the Tax Cuts and Jobs Act in […]