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NASDAQ:FITB

Fifth Third Bancorp - FITB Stock Forecast, Price & News

$37.04
+0.26 (+0.71%)
(As of 02/2/2023 10:03 AM ET)
Add
Compare
Today's Range
$36.85
$37.26
50-Day Range
$31.60
$36.48
52-Week Range
$30.92
$50.13
Volume
288,529 shs
Average Volume
5.57 million shs
Market Capitalization
$25.42 billion
P/E Ratio
11.02
Dividend Yield
3.64%
Price Target
$40.57

Fifth Third Bancorp MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
10.3% Upside
$40.57 Price Target
Short Interest
Healthy
1.45% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.48
Upright™ Environmental Score
News Sentiment
0.33mentions of Fifth Third Bancorp in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.77%
From $3.77 to $3.95 Per Share

Overall MarketRank

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

2.68 out of 5 stars

Finance Sector

155th out of 879 stocks

State Commercial Banks Industry

31st out of 190 stocks


FITB stock logo

About Fifth Third Bancorp (NASDAQ:FITB) Stock

Fifth Third Bancorp engages in the provision of banking & financial services, retail & commercial banking, consumer lending services, and investment advisory services through its subsidiary Fifth Third Bank. It operates through the following segments: Commercial Banking, Branch Banking, Consumer Lending and Wealth and Asset Management. The Commercial Banking segment offers credit intermediation, cash management, and financial services to large and middle-market businesses. The Branch Banking segment provides deposit, loan, and lease products to individuals and small businesses. The Consumer Lending segment includes residential mortgage, home equity, automobile, and indirect lending activities. The Wealth & Asset Management segment provides investment alternatives for individuals, companies, and not-for-profit organizations. The company was founded in 1975 and is headquartered in Cincinnati, OH.

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FITB Stock News Headlines

Short Interest in Fifth Third Bancorp (NASDAQ:FITB) Grows By 6.6%
This Stock Has Room To Run
Analysts believe this stock's product demand could rise quickly in the next few years.
This Stock Has Room To Run
Analysts believe this stock's product demand could rise quickly in the next few years.
Earnings Outlook For Fifth Third Bancorp
Police: Man robs northeast Columbus bank
Fifth Third Bank to grow local branch presence
See More Headlines
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FITB Company Calendar

Ex-Dividend for 1/17 Dividend
12/29/2022
Dividend Payable
1/17/2023
Last Earnings
1/19/2023
Today
2/02/2023
Next Earnings (Estimated)
4/18/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:FITB
CUSIP
31677310
Employees
19,112
Year Founded
1858

Price Target and Rating

Average Stock Price Forecast
$40.57
High Stock Price Forecast
$47.50
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+9.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$2.45 billion
Pretax Margin
33.07%

Debt

Sales & Book Value

Annual Sales
$9.35 billion
Cash Flow
$4.66 per share
Book Value
$22.16 per share

Miscellaneous

Free Float
681,797,000
Market Cap
$25.42 billion
Optionable
Optionable
Beta
1.21

Social Links


Key Executives

  • Timothy N. SpenceTimothy N. Spence
    Chief Executive Officer & Director
  • James C. Leonard
    Chief Financial Officer & Executive Vice President
  • Jude A. SchrammJude A. Schramm
    Chief Information Officer & Executive VP
  • Robert P. ShafferRobert P. Shaffer
    Chief Risk Officer & Executive Vice President
  • Richard Stein
    Chief Credit Officer & Executive Vice President













FITB Stock - Frequently Asked Questions

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

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fifth Third Bancorp in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research 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 brokerages have issued 1-year price targets for Fifth Third Bancorp's stock. Their FITB share price forecasts range from $36.00 to $47.50. On average, they anticipate the company's stock price to reach $40.57 in the next year. This suggests a possible upside of 9.1% 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 2023?

Fifth Third Bancorp's stock was trading at $32.81 on January 1st, 2023. Since then, FITB shares have increased by 13.3% and is now trading at $37.17.
View the best growth stocks for 2023 here
.

Are investors shorting Fifth Third Bancorp?

Fifth Third Bancorp saw a increase in short interest in January. As of January 15th, there was short interest totaling 9,920,000 shares, an increase of 6.6% from the December 31st total of 9,310,000 shares. Based on an average daily volume of 4,910,000 shares, the short-interest ratio is presently 2.0 days. Approximately 1.5% of the shares of the stock are short sold.
View Fifth Third Bancorp's Short Interest
.

When is Fifth Third Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
View our FITB earnings forecast
.

How were Fifth Third Bancorp's earnings last quarter?

Fifth Third Bancorp (NASDAQ:FITB) announced its quarterly earnings data on Thursday, January, 19th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.02. The financial services provider had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.34 billion. Fifth Third Bancorp had a trailing twelve-month return on equity of 15.48% and a net margin of 26.15%. During the same period last year, the firm posted $0.90 EPS.
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 announced a quarterly dividend on Tuesday, December 13th. Shareholders of record on Friday, December 30th will be given a dividend of $0.33 per share on Tuesday, January 17th. This represents a $1.32 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Thursday, December 29th.
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 3.64%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 39.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FITB will have a dividend payout ratio of 33.42% 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 issued an update on its first quarter 2023 earnings guidance on Thursday, January, 19th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.24 billion-$2.27 billion, compared to the consensus revenue estimate of $2.29 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?
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 many different retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.89%), Fort Washington Investment Advisors Inc. OH (0.75%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), Bank of Montreal Can (0.23%), Fifth Third Bancorp (0.19%) and New York State Common Retirement Fund (0.11%). Insiders that own company stock include 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 $37.17.

How much money does Fifth Third Bancorp make?

Fifth Third Bancorp (NASDAQ:FITB) has a market capitalization of $25.51 billion and generates $9.35 billion in revenue each year. The financial services provider earns $2.45 billion in net income (profit) each year or $3.36 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.
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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 2/2/2023 by MarketBeat.com Staff