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Fifth Third Bancorp (FITB) Stock

Profile

Full Name:

Fifth Third Bancorp

Country:

United States

IPO:

17 March 1980

Indexes:

Description:

Fifth Third Bancorp is an American diversified company that provides financial services. The company was founded in 1858 and is headquartered in Cincinnati, Ohio. The commercial banking segment offers credit intermediation, cash management, and financial services. The branch services segment provides a range of deposit and credit products for individuals and small businesses. The consumer lending segment engages in direct lending. The capital and asset management segment offers various investment alternatives for individuals, companies, and non-profit organizations.

Key Details

Price

$44.31

TTM Dividend Yield

3.25%(-19.35% YoY)

Annual Revenue

$8.39 B(-0.18% YoY)

Annual EPS

$3.14(-2.48% YoY)

PE Ratio

14.11(+35.15% YoY)

Beta

0.83

Events Calendar

Earnings

Next earnings date:

Apr 17, 2025

Recent quarterly earnings:

Jan 21, 2025

Recent annual earnings:

Jan 21, 2025
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Dec 31, 2024
Splits

Next split:

N/A

Recent split:

July 17, 2000

Analyst ratings

Recent major analysts updates

23 Jan '25 DA Davidson
Neutral
22 Jan '25 Truist Securities
Buy
22 Jan '25 RBC Capital
Outperform
22 Jan '25 Piper Sandler
Overweight
07 Jan '25 Truist Securities
Buy
06 Jan '25 Barclays
Overweight
04 Dec '24 Keefe, Bruyette & Woods
Market Perform
03 Dec '24 Piper Sandler
Overweight
22 Nov '24 Citigroup
Neutral
15 Nov '24 Wells Fargo
Overweight

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Institutional Ownership

Fifth Third Q4 Earnings Beat Estimates on Higher NII & Lower Expenses
Fifth Third Q4 Earnings Beat Estimates on Higher NII & Lower Expenses
Fifth Third Q4 Earnings Beat Estimates on Higher NII & Lower Expenses
FITB
zacks.com21 January 2025

FITB's earnings for the fourth quarter of 2024 are boosted by higher net interest income, an increase in loan balances, and a solid capital position. However, there are still worries about poor asset quality.

Weak Asset Quality to Hurt Fifth Third's Q4 Earnings, Fee Income to Aid
Weak Asset Quality to Hurt Fifth Third's Q4 Earnings, Fee Income to Aid
Weak Asset Quality to Hurt Fifth Third's Q4 Earnings, Fee Income to Aid
FITB
zacks.com15 January 2025

FITB's earnings for the fourth quarter probably suffered due to poor asset quality and high expenses. However, an increase in fee income is anticipated to have provided some assistance.

Fifth Third: Watch For Commercial Credit Risk Metrics In Upcoming Report
Fifth Third: Watch For Commercial Credit Risk Metrics In Upcoming Report
Fifth Third: Watch For Commercial Credit Risk Metrics In Upcoming Report
FITB
seekingalpha.com13 January 2025

Fifth Third has made a strong recovery after its decline in 2023. The bank's low-duration securities have regained their unrealized losses, and it continues to have solid net interest margins. However, its price-to-tangible book ratio is high at around 2.3X, suggesting it might be overvalued, and increasing delinquencies in commercial and industrial loans could put its equity value at risk if the economy worsens in 2025.

Fifth Third Awards More Than $25,000 in Small Business Grants
Fifth Third Awards More Than $25,000 in Small Business Grants
Fifth Third Awards More Than $25,000 in Small Business Grants
FITB
businesswire.com16 December 2024

CINCINNATI--(BUSINESS WIRE)--In November, Fifth Third (NASDAQ: FITB) expressed gratitude to small businesses in its 11-state area by hosting a special social media contest and tipping initiative. Employees highlighted their favorite local small businesses on social media for a chance to win one of five grants worth $5,300. Across the country, Fifth Third employees took part in the campaign, nominating over 2,800 local small businesses for recognition.

Fifth Third's Branch Expansion Strategy Driven by Data, Digital Tools
Fifth Third's Branch Expansion Strategy Driven by Data, Digital Tools
Fifth Third's Branch Expansion Strategy Driven by Data, Digital Tools
FITB
businesswire.com04 December 2024

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank (NASDAQ: FITB) has announced its intention to open over 200 new branches in the next four years, focusing mainly on rapidly growing areas in the Southeast. During a presentation to investors at the BancAnalysts Association of Boston Conference on November 8, Chief Operating Officer Jamie Leonard explained how the bank has developed both digital and physical systems to enhance the customer experience.

Fifth Third Bank, National Association, Names Matt Nipper as Northern Ohio President
Fifth Third Bank, National Association, Names Matt Nipper as Northern Ohio President
Fifth Third Bank, National Association, Names Matt Nipper as Northern Ohio President
FITB
businesswire.com20 November 2024

CLEVELAND--(BUSINESS WIRE)--Fifth Third Bank, National Association, (Nasdaq: FITB) has appointed Matt Nipper as the president of the Northern Ohio region. He takes over from Tom Partridge, who is now the group regional president. In his new role, Nipper will focus on expanding and aligning the Bank's commercial, wealth and asset management, and treasury management services in Northern Ohio, having previously joined Fifth Third in April as the Cleveland market president.

Fifth Third Empowers Next Generation with Financial Literacy Solutions
Fifth Third Empowers Next Generation with Financial Literacy Solutions
Fifth Third Empowers Next Generation with Financial Literacy Solutions
FITB
businesswire.com19 November 2024

CINCINNATI--(BUSINESS WIRE)--The Fifth Third Foundation is dedicated to promoting financial literacy and is excited to back the creation of a new resource designed to help young adults manage their finances better. Called REP4®FinLit, this tool is created by students for students and will offer various digital resources, including a quiz to determine one's "Money Mindset," which reveals insights into spending habits and financial relationships.

Fifth Third CEO on Q3 Earnings, 'Uneven' US Economy
Fifth Third CEO on Q3 Earnings, 'Uneven' US Economy
Fifth Third CEO on Q3 Earnings, 'Uneven' US Economy
FITB
youtube.com18 October 2024

Tim Spence, the Chair and CEO of Fifth Third Bancorp, talks about the bank's earnings for the third quarter, its growth in the southeastern United States, and the current economic situation on "Bloomberg Open Interest." You can subscribe to the Economics Daily newsletter to learn about the factors influencing the global economy and their implications for policymakers, businesses, and investors: https://bloom.bg/4535pfS -------- For more content, check out Bloomberg Television and Markets. If you enjoyed this video, please let us know!

Fifth Third Q3 Earnings Beat on High Loan Demand, NII Declines Y/Y
Fifth Third Q3 Earnings Beat on High Loan Demand, NII Declines Y/Y
Fifth Third Q3 Earnings Beat on High Loan Demand, NII Declines Y/Y
FITB
zacks.com18 October 2024

FITB's results for the third quarter of 2024 show positive growth due to higher loan demand and a solid capital situation. However, there is still worry about a drop in net interest income and fees.

High Expenses to Hurt Fifth Third's Q3 Earnings, Fee Income to Ail
High Expenses to Hurt Fifth Third's Q3 Earnings, Fee Income to Ail
High Expenses to Hurt Fifth Third's Q3 Earnings, Fee Income to Ail
FITB
zacks.com14 October 2024

FITB's earnings for the third quarter of 2024 probably faced challenges due to increased expenses. However, a boost in fee income is anticipated to have provided some support.

FAQ

  • What is the primary business of Fifth Third Bancorp?
  • What is the ticker symbol for Fifth Third Bancorp?
  • Does Fifth Third Bancorp pay dividends?
  • What sector is Fifth Third Bancorp in?
  • What industry is Fifth Third Bancorp in?
  • What country is Fifth Third Bancorp based in?
  • When did Fifth Third Bancorp go public?
  • Is Fifth Third Bancorp in the S&P 500?
  • Is Fifth Third Bancorp in the NASDAQ 100?
  • Is Fifth Third Bancorp in the Dow Jones?
  • When was Fifth Third Bancorp's last earnings report?
  • When does Fifth Third Bancorp report earnings?
  • Should I buy Fifth Third Bancorp stock now?

What is the primary business of Fifth Third Bancorp?

Fifth Third Bancorp is an American diversified company that provides financial services. The company was founded in 1858 and is headquartered in Cincinnati, Ohio. The commercial banking segment offers credit intermediation, cash management, and financial services. The branch services segment provides a range of deposit and credit products for individuals and small businesses. The consumer lending segment engages in direct lending. The capital and asset management segment offers various investment alternatives for individuals, companies, and non-profit organizations.

What is the ticker symbol for Fifth Third Bancorp?

The ticker symbol for Fifth Third Bancorp is NASDAQ:FITB

Does Fifth Third Bancorp pay dividends?

Yes, Fifth Third Bancorp pays dividends. The last payment was $0.37, with an ex-dividend date on 31 December 2024

What sector is Fifth Third Bancorp in?

Fifth Third Bancorp is in the Financial Services sector

What industry is Fifth Third Bancorp in?

Fifth Third Bancorp is in the Banks - Regional industry

What country is Fifth Third Bancorp based in?

Fifth Third Bancorp is headquartered in United States

When did Fifth Third Bancorp go public?

Fifth Third Bancorp's initial public offering (IPO) was on 17 March 1980

Is Fifth Third Bancorp in the S&P 500?

Yes, Fifth Third Bancorp is included in the S&P 500 index

Is Fifth Third Bancorp in the NASDAQ 100?

No, Fifth Third Bancorp is not included in the NASDAQ 100 index

Is Fifth Third Bancorp in the Dow Jones?

No, Fifth Third Bancorp is not included in the Dow Jones index

When was Fifth Third Bancorp's last earnings report?

Fifth Third Bancorp's most recent earnings report was on 21 January 2025

When does Fifth Third Bancorp report earnings?

The next expected earnings date for Fifth Third Bancorp is 17 April 2025

Should I buy Fifth Third Bancorp stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions