Fifth Third Reports Q4 Numbers and 4 Stocks Hitting 52-Week Highs
Bunge Limited (NYSE:BG): Closing price $77.18
Solazyme (NASDAQ:SZYM) reports that Solazyme Bunge Renewable Oils, its joint venture with Bunge Global Innovation, a wholly-owned subsidiary of Bunge, has won approval for project financing in the form of a loan from the Brazilian Development Bank, or BNDES, of roughly $120 million. The funding will support the joint venture’s first commercial-scale renewable oil production facility in Brazil, which is being built adjacent to Bunge’s Moema sugarcane mill in Sao Paulo state. The 8-year loan will have an average interest rate of around 4 percent per annum. Shares closed up 0.95 percent on the day at $77.18, and have been traded in a 52-week range of $56.20 to $76.50.
BlackRock (NYSE:BLK): Closing price $232.00
Comments taken from the firm’s fourth quarter earnings conference call, include saying its clients are moving back into equities because of their relative value in comparison to fixed income assets. Also, BlackRock saw positive asset flows across all channels during the period, and that emerging markets, including China, will be its area of focus. Shares closed up 4.39 percent on the day at$232.00, having been traded in a 52-week range of $160.25 to $224.47.
Celgene Corporation (NASDAQ:CELG): Closing price $98.19
Celgene’s apremilast is awarded orphan drug status for treatment of Behcet’s disease. Shares closed down 0.68 percent on the day at $98.19, and have been traded in a 52-week range of $58.53 to $99.51.
Fifth Third Bancorp (NASDAQ:FITB): Closing price $16.29
Fifth Third has posted a fourth quarter loan and lease loss provision of $76 million, compared year-over-year with $55 million from 2011. Also reported were net charge-offs of $147 million versus $239 million for the same period in 2011. Shares closed up 4.76 percent on the day at $16.29, having been traded in a 52-week range of $12.04 to $16.16.
Insteel Industries (NASDAQ:IIIN): Closing price $13.60
Insteel estimates its first quarter earnings at 13 cents, with a consensus of 4 cents. Shares closed up 8.45 percent on the day at $13.60, and have traded in a 52-week range of $8.93 to $13.74.
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