May 8th, 2009 - bizjournals
Some bank stocks with Central Ohio operations soared in Friday trading following the Thursday evening release of better-than-expected stress test results from the Federal Reserve.
Shares of Cincinnati-based Fifth Third Bancorp (NASDAQ:FITB), the region’s third-largest bank, led the way by gaining 58 percent, or $3.09 a share, to $8.42 in mid-afternoon trading. Fifth Third was one of 10 banks the Fed told would need to raise more capital to satisfy more stringent federal requirements.
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