Financial Stocks To Look Out For: Fifth Third Bancorp (FITB), The Bank of New York Mellon Corporation (BK)

Fifth Third Bancorp (FITB) ended last trading session with a change of -0.74 percent. It trades at an average volume of 6.13M shares versus 4.22M shares recorded at the end of last trading session. The share price of $26.96 is at a distance of 71.58 percent from its 52-week low and down -6.94 percent versus its peak. The company has a market cap of $20.49B and currently has 759.99M shares outstanding. The share price is currently -1.9 percent versus its SMA20, -0.05 percent versus its SMA50, and 20.88 percent versus its SMA200. The stock has a weekly performance of -2.11 percent and is -0.04 percent year-to-date as of the recent close.

Fifth Third Bancorp (FITB) will present at the Barclays Emerging Payments Forum in New York City on March 14, 2017 at approximately 11:20 AM ET. The Company will be represented by Tayfun Tuzun, executive vice president and chief financial officer and Tim Spence, executive vice president and chief strategy officer.

Audio webcast may be accessed live and for approximately 14 days after the conference through the Investor Relations section of www.53.com. Additionally, slides used in the presentation will be made separately available in a printer-friendly format on the Company’s website.

The Bank of New York Mellon Corporation (BK) recently recorded 0.37 percent change and currently at $48.35 is 38.85 percent away from its 52-week low and down -1.99 percent versus its peak. It has a past 5-day performance of 0.94 percent and trades at an average volume of 5.56M shares. The stock has a 1-month performance of 6.26 percent and is 2.48 percent year-to-date as of the recent close. There were about 1.03B shares outstanding which made its market cap $49.91B. The share price is currently 2.01 percent versus its SMA20, 3.77 percent versus its SMA50, and 12.61 percent versus its SMA200.

March 7, 2017 — The Bank of New York Mellon Corporation (BK) Alcentra Limited (“Alcentra”), the alternative fixed income specialist for BNY Mellon Investment Management (IM), announced the final close of its second European direct lending fundraising. This fundraising has brought recent commitments to €4.3bn across funds and separately managed accounts. The firm’s committed capital for the strategy now exceeds €5.7bn.

The fundraising is part of the broader Direct Lending strategy that Alcentra has been offering to institutional investors since 2003. To date, Alcentra has invested over €5.3 billion in middle market companies across senior debt, unitranche, second-lien, mezzanine and equity investments.