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Positive News Sentiment  
NASDAQ:FITB

Fifth Third Bancorp - FITB Stock Forecast, Price & News

$35.27
-0.73 (-2.03%)
(As of 11/30/2022 01:03 PM ET)
Add
Compare
Today's Range
$34.89
▼
$35.94
50-Day Range
$31.15
▼
$36.85
52-Week Range
$30.92
▼
$50.64
Volume
80,412 shs
Average Volume
3.87 million shs
Market Capitalization
$24.21 billion
P/E Ratio
10.85
Dividend Yield
3.71%
Price Target
$42.43

Fifth Third Bancorp MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
20.0% Upside
$42.43 Price Target
Short Interest
Healthy
1.42% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.48
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Acquiring Shares
$375,866 Bought Last Quarter
Proj. Earnings Growth
13.91%
From $3.45 to $3.93 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.16 out of 5 stars

Finance Sector

32nd out of 907 stocks

State Commercial Banks Industry

8th out of 191 stocks

See Top Rated MarketRank™ Stocks Here
FITB stock logo

About Fifth Third Bancorp (NASDAQ:FITB) Stock

Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. Its Branch Banking segment provides a range of deposit and loan products to individuals and small businesses. This segment offers checking and savings accounts, home equity loans and lines of credit, credit cards, and loans for automobiles and personal financing needs, as well as cash management services for small businesses. The company's Consumer Lending segment engages in direct lending activities that include origination, retention, and servicing of residential mortgage and home equity loans or lines of credit; and indirect lending activities, including loans to consumers through correspondent lenders and automobile dealers. Fifth Third Bancorp's Wealth & Asset Management segment provides various investment alternatives for individuals, companies, and not-for-profit organizations. It offers retail brokerage services to individual clients; and broker dealer services to the institutional marketplace. This segment also provides wealth planning, investment management, banking, insurance, and trust and estate services; and advisory services for institutional clients comprising middle market businesses, non-profits, states, and municipalities. As of December 31, 2021, the company operated 1,117 full-service banking centers and 2,322 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina, and South Carolina. Fifth Third Bancorp was founded in 1858 and is headquartered in Cincinnati, Ohio.

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FITB Stock News Headlines

November 1, 2022 | marketbeat.com
Strong Q3 Driving Growth At S&P 500 Component Citizens Financial (FITB)
Citizens Financial Group is among regional banks showing sizable growth recently due to higher rates they can charge on financial products offered to customers.
November 30, 2022 | msn.com
Fifth Third Bank mass shooting survivor supports Ohio Senate Bill 357
November 18, 2022 | finance.yahoo.com
Fifth Third Bank to grow local branch presence
November 13, 2022 | finance.yahoo.com
Fifth Third Bancorp Third Quarter 2022 Earnings: Misses Expectations
November 3, 2022 | finance.yahoo.com
Fifth Third Bank Launches Fifth Third Wealth Advisors®
October 28, 2022 | finance.yahoo.com
Fifth Third’s stock downgraded by analyst
October 21, 2022 | msn.com
Analyzing Fifth Third Bancorp's Short Interest
October 21, 2022 | finance.yahoo.com
Fifth Third CEO Spence discusses Southeast pulling even with Midwest on loans
October 20, 2022 | markets.businessinsider.com
Fifth Third Bancorp Reports Fall In Q3 Bottom Line, misses estimates
October 20, 2022 | msn.com
We've been around for 160 years and this is our best year ever, says Fifth Third Bancorp CEO
October 20, 2022 | seekingalpha.com
Fifth Third Q3 earnings miss as service charges, commercial banking revenue dip
October 20, 2022 | seekingalpha.com
Fifth Third Bancorp: A Minor EPS Miss, But Shares Still A Good Value
October 20, 2022 | finance.yahoo.com
Fifth Third Bancorp (FITB) Q3 Earnings and Revenues Miss Estimates
October 20, 2022 | finance.yahoo.com
Fifth Third’s third-quarter earnings fall short of analysts' predictions
October 20, 2022 | finance.yahoo.com
Fifth Third (FITB) Q3 Earnings & Revenues Miss Estimates
October 20, 2022 | finance.yahoo.com
Fifth Third Announces Third Quarter 2022 Results
October 18, 2022 | nasdaq.com
Signature Bank (SBNY) Q3 Earnings Beat, Revenues Rise Y/Y
October 18, 2022 | finance.yahoo.com
Fifth Third Bank offers tips to protect yourself and your money
October 7, 2022 | bizjournals.com
Two Fifth Third C-suite execs make American Banker's “Most Powerful Women” list
October 7, 2022 | finance.yahoo.com
Two Fifth Third C-suite execs make American Banker's 'Most Powerful Women' list
September 27, 2022 | finance.yahoo.com
From the 2021 Fifth Third ESG Report: Inclusion Councils and Business Resource Groups
September 23, 2022 | finance.yahoo.com
Tampa Bay Buccaneers, Fifth Third reveal new field-level VIP lounge
September 21, 2022 | finance.yahoo.com
Fifth Third Bank to Increase Prime Lending Rate to 6.25%
September 16, 2022 | bizjournals.com
Tricolor Holdings secures $100M in funding from Fifth Third Bank
September 14, 2022 | finance.yahoo.com
Fifth Third Bank Bringing Immersive Experience to BLINK Cincinnati
See More Headlines
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FITB Company Calendar

Ex-Dividend for 10/17 Dividend
9/29/2022
Dividend Payable
10/17/2022
Last Earnings
10/20/2022
Today
11/30/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/19/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:FITB
CUSIP
31677310
CIK
35527
Web
trustandwill.com
Phone
(800) 972-3030
Fax
513-534-6757
Employees
19,112
Year Founded
1858

Price Target and Rating

Average Stock Price Forecast
$42.43
High Stock Price Forecast
$56.00
Low Stock Price Forecast
$37.00
Forecasted Upside/Downside
+20.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
12 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$3.25
Trailing P/E Ratio
10.85
Forward P/E Ratio
10.22
P/E Growth
1.25
Net Income
$2.77 billion
Net Margins
27.47%
Pretax Margin
34.87%
Return on Equity
13.98%
Return on Assets
1.17%

Debt

Debt-to-Equity Ratio
0.80
Current Ratio
0.76
Quick Ratio
0.75

Sales & Book Value

Annual Sales
$8.33 billion
Price / Sales
2.91
Cash Flow
$4.52 per share
Price / Cash Flow
7.80
Book Value
$21.30 per share
Price / Book
1.66

Miscellaneous

Outstanding Shares
686,400,000
Free Float
681,797,000
Market Cap
$24.21 billion
Optionable
Optionable
Beta
1.21

Social Links


Key Executives

  • Mr. Gregory D. CarmichaelMr. Gregory D. Carmichael (Age 60)
    Exec. Chairman
    Comp: $4.78M
  • Mr. Timothy N. SpenceMr. Timothy N. Spence (Age 43)
    CEO, Pres & Director
    Comp: $1.97M
  • Mr. James C. Leonard CPA (Age 52)
    Exec. VP & CFO
    Comp: $1.52M
  • Mr. Kevin Patrick Lavender (Age 60)
    Exec. VP & Head of Commercial Banking
    Comp: $1.37M
  • Mr. Mark D. Hazel (Age 56)
    Exec. VP, Controller & Principal Accounting Officer
  • Mr. Rob Schipper
    Head of Investment Banking & MD
  • Mr. Jude A. SchrammMr. Jude A. Schramm (Age 49)
    Exec. VP & Chief Information Officer
  • Mr. Christopher Doll
    Director of Investor Relations
  • Ms. Susan B. Zaunbrecher J.D. (Age 62)
    Exec. VP & Chief legal Officer
  • Ms. Melissa S. Stevens (Age 47)
    Exec. VP, Chief Digital Officer and Head of Digital, Marketing, Design & Innovation

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













FITB Stock - Frequently Asked Questions

Should I buy or sell Fifth Third Bancorp stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fifth Third Bancorp in the last twelve months. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FITB shares.
View FITB analyst ratings or view top-rated stocks.

What is Fifth Third Bancorp's stock price forecast for 2023?

12 Wall Street research analysts have issued 12 month price targets for Fifth Third Bancorp's stock. Their FITB share price forecasts range from $37.00 to $56.00. On average, they anticipate the company's stock price to reach $42.43 in the next twelve months. This suggests a possible upside of 17.9% from the stock's current price.
View analysts price targets for FITB or view top-rated stocks among Wall Street analysts.

How have FITB shares performed in 2022?

Fifth Third Bancorp's stock was trading at $43.55 at the beginning of the year. Since then, FITB shares have decreased by 17.3% and is now trading at $36.00.
View the best growth stocks for 2022 here.

When is Fifth Third Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 19th 2023.
View our FITB earnings forecast.

How were Fifth Third Bancorp's earnings last quarter?

Fifth Third Bancorp (NASDAQ:FITB) posted its quarterly earnings data on Thursday, October, 20th. The financial services provider reported $0.91 earnings per share for the quarter, missing analysts' consensus estimates of $0.98 by $0.07. Fifth Third Bancorp had a net margin of 27.47% and a trailing twelve-month return on equity of 13.98%. During the same quarter last year, the company earned $0.94 earnings per share.
Read the conference call transcript.

How often does Fifth Third Bancorp pay dividends? What is the dividend yield for Fifth Third Bancorp?

Fifth Third Bancorp declared a quarterly dividend on Monday, September 12th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.33 per share on Monday, October 17th. This represents a $1.32 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Thursday, September 29th. This is a positive change from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for FITB.

Is Fifth Third Bancorp a good dividend stock?

Fifth Third Bancorp (NASDAQ:FITB) pays an annual dividend of $1.32 per share and currently has a dividend yield of 3.71%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 40.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FITB will have a dividend payout ratio of 33.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FITB.

What guidance has Fifth Third Bancorp issued on next quarter's earnings?

Fifth Third Bancorp updated its fourth quarter 2022 earnings guidance on Friday, October, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.32 billion-$2.32 billion, compared to the consensus revenue estimate of $2.34 billion.

What is Greg D. Carmichael's approval rating as Fifth Third Bancorp's CEO?

820 employees have rated Fifth Third Bancorp Chief Executive Officer Greg D. Carmichael on Glassdoor.com. Greg D. Carmichael has an approval rating of 82% among the company's employees. 67.0% of employees surveyed would recommend working at Fifth Third Bancorp to a friend.

What other stocks do shareholders of Fifth Third Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Fifth Third Bancorp investors own include Anworth Mortgage Asset (ANH), Air Transport Services Group (ATSG), Walgreens Boots Alliance (WBA), Wolverine World Wide (WWW), Carnival Co. & (CCL), General Electric (GE), Wendy's (WEN), Automatic Data Processing (ADP), Bank of America (BAC) and Cisco Systems (CSCO).

What is Fifth Third Bancorp's stock symbol?

Fifth Third Bancorp trades on the NASDAQ under the ticker symbol "FITB."

Who are Fifth Third Bancorp's major shareholders?

Fifth Third Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.46%), BlackRock Inc. (7.92%), State Street Corp (4.60%), Price T Rowe Associates Inc. MD (4.43%), Boston Partners (2.09%) and Nuveen Asset Management LLC (1.26%). Insiders that own company stock include Frank R Forrest, Greg D Carmichael, Howard Hammond, James C Leonard, Jewell D Hoover, Jude Schramm, Katherine H Blackburn, Kevin P Lavender, Kristine R Garrett, Margaret B Jula, Mitchell Feiger, Robert P Shaffer, Robert P Shaffer, Thomas H Harvey and Timothy Spence.
View institutional ownership trends.

How do I buy shares of Fifth Third Bancorp?

Shares of FITB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Fifth Third Bancorp's stock price today?

One share of FITB stock can currently be purchased for approximately $36.00.

How much money does Fifth Third Bancorp make?

Fifth Third Bancorp (NASDAQ:FITB) has a market capitalization of $24.71 billion and generates $8.33 billion in revenue each year. The financial services provider earns $2.77 billion in net income (profit) each year or $3.25 on an earnings per share basis.

How many employees does Fifth Third Bancorp have?

The company employs 19,112 workers across the globe.

Does Fifth Third Bancorp have any subsidiaries?
The following companies are subsidiares of Fifth Third Bancorp: 1208 N Ocean Boulevard LLC, 5/3 BS IV Investment Fund LLC, 5/3 CityLink Investment Fund LLC, 5/3 Keyer Row Investment Fund LLC, 5/3 Warsaw Creative Investment Fund LLC, 5/3 Willkommen Investment Fund 2 LLC, 5/3 Willkommen Investment Fund LLC, 53 AMRC Solar Trust, 53 ANEE Solar Trust, 53 APA Solar Trust, 53 BR Solar Trust, 53 GEC Solar Trust, 53 GSE Solar Trust, 53 KE Solar Trust, 53 NR Solar Trust, 53 RCE Solar Trust, 53 SP Solar Trust, 53 SS Solar Trust, 53 TGE Solar Trust, Acquisition Properties II LLC, Acquisition Properties VII LLC, Ashland Bankshares, Ashland Management Agency LLC, BB Development I LLC, BB Development VII LLC, BBIF Investor Fund LLC, BCB Development III LLC, BCB Development XXXI LLC, Boss Cox Investment Fund LLC, Canal Place Investment Fund LLC, Carver Loan Pool Investment Fund LLC, Emerald Financial Corp, Epic Insurance Solutions, Epic Insurance Solutions Agency LLC, FTB SR Solar Trust, Fifth Third Acquisition Holdings LLC, Fifth Third Auto Leasing Trust, Fifth Third Auto Trust 2019-1, Fifth Third Auto Trust 2020-1, Fifth Third Bank National Association, Fifth Third Business Capital Canada Inc., Fifth Third Capital Holdings LLC, Fifth Third Commercial Funding Inc., Fifth Third Community Development Company LLC, Fifth Third Community Development Corporation, Fifth Third Financial Corporation, Fifth Third Global Services Inc., Fifth Third Holdings Funding LLC, Fifth Third Holdings LLC, Fifth Third Insurance Agency Inc., Fifth Third International Company, Fifth Third Investment Company, Fifth Third Mauritius Holdings Limited, Fifth Third Mortgage – Michigan LLC, Fifth Third New Markets Development Co. LLC, Fifth Third New Markets Development Company II LLC, Fifth Third Securities Inc., Fifth Third Wealth Advisor LLC, First Charter Capital Trust I, First Charter Capital Trust II, Five Rivers Investment Fund LLC, Franklin Street Advisors Inc., Franklin Street Partners, Franklin Street Trust Company, Fuschia Properties LLC, GNB Management LLC, GNB Realty LLC, Gads Hill Investment Fund LLC, H2C Securities Inc., HCB Development I LLC, Hammond Hanlon Camp LLC, HostDime Investment Fund LLC, Life Connection Investment Fund LLC, MB Financial, MB Financial Center LLC, MB Financial Center Land Owner LLC, MB Financial International Inc., MB1200 Corporation, MB1776 LLC, MB1803 LLC, MB1807 LLC, MB1810 LLC, MB1815 LLC, MB1829 LLC, MB1841 LLC, MB1846 LLC, MB1853 LLC, MB1861 LLC, MB1864 LLC, MB1868 LLC, MB1871 LLC, MB1875 LLC, MB1877 LLC, MB1883 LLC, MB1884 LLC, MB1897 LLC, MB777 LLC, MB797 LLC, MB848 LLC, MB851 LLC, MB854 LLC, MB876 LLC, MB878 LLC, MB899 LLC, MBAA SFR LLC, Mainstreet Investment Advisors LLC, Memorial Hall Investment Fund LLC, NCB Development III LLC, NCB Development XXV LLC, NCB Development XXVIII LLC, NCB Development XXXII LLC, Old Kent Mortgage Services Inc., PCR MB LLC, PSII Investor LLC, Privet Properties LLC, Provide, Provide Inc., R.G. McGraw Insurance Agency, R.G. McGraw Insurance Agency Inc., Ragweed Properties LLC, Retirement Corporation of America, Scherston Real Estate Investments LLC, Score Small Business Loan Pool 2 LLC, Score Small Business Loan Pool 3 LLC, Score Small Business Loan Pool 4 LLC, Score Small Business Loan Pool LLC, South Florida Bank Holding Corporation, Spring Green Properties LLC, State Savings Company, Summit MFR Leasing II LLC, Summit MFR Leasing LLC, Sweetwater Merger Sub Inc., The Retirement Corporation of America, Vista Settlement Services LLC, Walnut & Vine Holdings LLC, and Walnut & Vine Properties II LLC.
Read More
How can I contact Fifth Third Bancorp?

Fifth Third Bancorp's mailing address is 38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH, 45263. The official website for the company is trustandwill.com. The financial services provider can be reached via phone at (800) 972-3030, via email at ir@53.com, or via fax at 513-534-6757.

This page (NASDAQ:FITB) was last updated on 11/30/2022 by MarketBeat.com Staff