It has been a slow recovery since the recession for Midwest focused Fifth Third Bank (NASDAQ:FITB). The Cincinnati-based $17B (market cap) regional bank is concentrated in Michigan, Illinois, and Ohio which were both hit pretty hard by the recession. Their slow recovery seem to have affected FITB which has been leaning somewhat on reserves releases for its earnings, and seeing low noninterest income. Despite this, Fifth Third has taken a lot of sagacious long-term actions to boost its capital levels and credit quality, and with the firm now operating in a dozen different states, the company is certainly an above average choice for investors looking for a regional bank investment.
A lot of the regional banking sector is...
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