Shares of Fifth Third Bancorp (NASDAQ:FITB) ended Tuesday session in red amid volatile trading. The shares closed down -0.23 points or -1.14% at $19.87 with 5.00 million shares getting traded. Post opening the session at $20.13, the shares hit an intraday low of $19.70 and an intraday high of $20.20 and the price vacillated in this range throughout the day. The company has a market cap of $15.27 billion and the numbers of outstanding shares have been calculated to be 766.37 million shares.
Fifth Third Bancorp (FITB) on September 2, 2016 announced that Fifth Third Bank has submitted a redemption notice to the issuing and paying agent for redemption of all of the outstanding 1.15% fixed rate senior notes due November 18, 2016 (CUSIP 31677QAY5) issued in the principal amount of $1 billion and all of the outstanding floating rate senior notes due November 18, 2016 (CUSIP 31677QAZ2) issued in the principal amount of $750 million by Fifth Third Bank. The notes will be redeemed on October 19, 2016, pursuant to their terms and conditions for an amount equal to 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date.
Shares of PrivateBancorp Inc (NASDAQ:PVTB) ended Tuesday session in green amid volatile trading. The shares closed up +0.16 points or 0.34% at $46.55 with 588,706.00 shares getting traded. Post opening the session at $46.42, the shares hit an intraday low of $46.32 and an intraday high of $46.59 and the price vacillated in this range throughout the day. The company has a market cap of $3.72 billion and the numbers of outstanding shares have been calculated to be 79.46 million shares.
PrivateBancorp, Inc. operates as the holding company for The PrivateBank and Trust Company that provides customized business and personal financial services to middle market companies, business owners, executives, entrepreneurs, and families in the United States. It offers commercial and personal banking products and services, including checking, savings, and money market deposit accounts; interest-bearing and non-interest bearing demand deposits; health savings accounts; and certificates of deposits. The company also provides commercial, real estate, and personal lending products and services comprising home equity loans and lines of credit, auto loans, secured and unsecured loans, and overdraft protection loans; commercial real estate loans, such as one-to-four family non-owner occupied housing units, multi-family real estate, office buildings, warehouses, retail space, mixed use buildings, and vacant land; and construction loans. In addition, it offers private banking, asset investment management, personal trust and estate administration, custodial and escrow, retirement plans, and brokerage services. As of December 31, 2015, the company had 35 offices in 12 states. PrivateBancorp, Inc. was founded in 1989 and is headquartered in Chicago, Illinois.