Bove Nails Fifth Third and SunTrust (FITB, STI)
Posted in pre-marketOctober 26th, 2009
Fifth Third Bancorp (NASDAQ: FITB) and SunTrust Banks, Inc. (NYSE: STI) are both getting hit this morning on an analyst downgrade by Dick Bove. Rochdale Securities has downgraded the bank to Sell from an already cautious Neutral rating. At 8:20 AM EST we have seen STI shares down over 2.5% at $20.45 on about 10,000 shares and FITB is down over 4% at $9.92 on 65,000 shares. STI trades about 9.7 million shares per day and and FITB trades about 22 million shares per day. -JON OGG
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