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.
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Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Phone800-972-3030
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$7.97 billion
Profitability
Miscellaneous
Employees17,437
Next Earnings Date10/22/2019 (Estimated)
OptionableOptionable
Fifth Third Bancorp (NASDAQ:FITB) Frequently Asked Questions
What is Fifth Third Bancorp's stock symbol?
Fifth Third Bancorp trades on the NASDAQ under the ticker symbol "FITB."
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 Tuesday, June 18th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.24 per share on Monday, July 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date is Thursday, June 27th. This is a positive change from Fifth Third Bancorp's previous quarterly dividend of $0.22. View Fifth Third Bancorp's Dividend History.
How will Fifth Third Bancorp's stock buyback program work?
Fifth Third Bancorp announced that its Board of Directors has authorized a share repurchase plan on Tuesday, June 18th 2019, which allows the company to buyback 100,000,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.
How were Fifth Third Bancorp's earnings last quarter?
Fifth Third Bancorp (NASDAQ:FITB) announced its earnings results on Tuesday, July, 23rd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.66 by $0.05. The financial services provider earned $1.91 billion during the quarter, compared to the consensus estimate of $1.90 billion. Fifth Third Bancorp had a return on equity of 11.51% and a net margin of 24.39%. During the same quarter last year, the company earned $0.63 EPS. View Fifth Third Bancorp's Earnings History.
When is Fifth Third Bancorp's next earnings date?
How can I listen to Fifth Third Bancorp's earnings call?
Fifth Third Bancorp will be holding an earnings conference call on Tuesday, October 22nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.
What price target have analysts set for FITB?
17 brokerages have issued twelve-month price targets for Fifth Third Bancorp's stock. Their forecasts range from $29.00 to $36.00. On average, they expect Fifth Third Bancorp's share price to reach $31.3571 in the next year. This suggests a possible upside of 22.2% from the stock's current price. View Analyst Price Targets for Fifth Third Bancorp.
What is the consensus analysts' recommendation for Fifth Third Bancorp?
17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fifth Third Bancorp in the last year. There are currently 10 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Fifth Third Bancorp.
What are Wall Street analysts saying about Fifth Third Bancorp stock?
Here are some recent quotes from research analysts about Fifth Third Bancorp stock:
- 1. According to Zacks Investment Research, "Shares of Fifth Third have outperformed the industry, over the past six months. Also, the company has an impressive earnings surprise history, having beaten the Zacks Consensus Estimate in all the trailing four quarters. The first-quarter 2019 results reflected elevated revenues, a strong capital position along with higher expenses and provisions. Fifth Third’s ongoing strategic efforts, such as Project North Star, will likely boost its efficiency and revenues over the long run. Also, margin pressure seems to be easing gradually due to the Fed’s interest rate hikes and improving economic backdrop. However, elevated expenses on the company’s branch-digitization initiative and legal issues remain headwinds. Nevertheless, the company's involvement in steady capital-deployment activities remains impressive." (4/26/2019)
- 2. Vining Sparks analysts commented, "Much like the other Large Cap U.S. Banks, FITB currently trades at a significant discount to what we believe is a reasonable valuation. We don ’t believe that FITB’s current 139% price-to-tangible book value, after adjusting for the MB Financial acquisition, is representative of the 17% return -on-tangible common equity, expected in 2019E, or its current 3.6% dividend yield. As earnings per share continue to grow at close to 10% in 2019E, following a 39% increase in 2018, we also believe the 9.5x price-to-earnings is also unsustainably low. 35% total return potential seems high, we would remind investors that FITB traded at almost $35 less than a year ago." (1/22/2019)
Has Fifth Third Bancorp been receiving favorable news coverage?
Press coverage about FITB stock has been trending negative recently, according to InfoTrie. The research group identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Fifth Third Bancorp earned a coverage optimism score of -2.3 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Fifth Third Bancorp.
Are investors shorting Fifth Third Bancorp?
Fifth Third Bancorp saw a increase in short interest during the month of July. As of July 31st, there was short interest totalling 11,058,200 shares, an increase of 49.5% from the June 30th total of 7,398,100 shares. Based on an average daily volume of 6,060,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.7% of the shares of the stock are short sold. View Fifth Third Bancorp's Current Options Chain.
Who are some of Fifth Third Bancorp's key competitors?
Some companies that are related to Fifth Third Bancorp include SBERBANK RUSSIA/S (SBRCY), BANCO BRADESCO/S (BBDO), Bank of Nova Scotia (BNS), Bank of New York Mellon (BK), M&T Bank (MTB), State Street (STT), Northern Trust (NTRS), Citizens Financial Group (CFG), Deutsche Bank (DB), SVB Financial Group (SIVB), Signature Bank (SBNY), Commerce Bancshares (CBSH), East West Bancorp (EWBC), Popular (BPOP) and First Citizens BancShares (FCNCA).
What other stocks do shareholders of Fifth Third Bancorp own?
Who are Fifth Third Bancorp's key executives?
Fifth Third Bancorp's management team includes the folowing people:
- Mr. Gregory D. Carmichael, Chairman, Pres & CEO (Age 57)
- Mr. Tayfun Tuzun, Exec. VP & CFO (Age 54)
- Mr. Lars C. Anderson, Exec. VP & COO (Age 58)
- Ms. Teresa J. Tanner, Exec. VP & Chief Admin. Officer (Age 50)
- Mr. Frank R. Forrest, Exec. VP & Chief Risk Officer (Age 64)
Who are Fifth Third Bancorp's major shareholders?
Fifth Third Bancorp's stock is owned by many different of retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (10.27%), Vanguard Group Inc. (8.53%), BlackRock Inc. (6.62%), Invesco Ltd. (2.72%), Sanders Capital LLC (2.59%) and JPMorgan Chase & Co. (2.37%). Company insiders that own Fifth Third Bancorp stock include Aravind Immaneni, Emerson L Brumback, Frank R Forrest, Greg D Carmichael, James C Leonard, Jelena Mcwilliams, Jewell D Hoover, Lars C Anderson, Mark D Hazel, Robert P Shaffer, Teresa J Tanner and Timothy Spence. View Institutional Ownership Trends for Fifth Third Bancorp.
Which institutional investors are selling Fifth Third Bancorp stock?
FITB stock was sold by a variety of institutional investors in the last quarter, including Balyasny Asset Management LLC, BlackRock Inc., Schroder Investment Management Group, Schroder Investment Management Group, Vanguard Group Inc., Panagora Asset Management Inc., UBS Group AG and AQR Capital Management LLC. Company insiders that have sold Fifth Third Bancorp company stock in the last year include Frank R Forrest, Jewell D Hoover, Lars C Anderson, Robert P Shaffer and Teresa J Tanner. View Insider Buying and Selling for Fifth Third Bancorp.
Which institutional investors are buying Fifth Third Bancorp stock?
FITB stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Wells Fargo & Company MN, Hexavest Inc., Unigestion Holding SA, JPMorgan Chase & Co., Sanders Capital LLC, Carlson Capital L P and Charles Schwab Investment Management Inc.. View Insider Buying and Selling for Fifth Third Bancorp.
How do I buy shares of Fifth Third Bancorp?
Shares of FITB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Fifth Third Bancorp's stock price today?
One share of FITB stock can currently be purchased for approximately $25.67.
How big of a company is Fifth Third Bancorp?
Fifth Third Bancorp has a market capitalization of $18.75 billion and generates $7.97 billion in revenue each year. The financial services provider earns $2.19 billion in net income (profit) each year or $2.54 on an earnings per share basis. Fifth Third Bancorp employs 17,437 workers across the globe.View Additional Information About Fifth Third Bancorp.
What is Fifth Third Bancorp's official website?
How can I contact Fifth Third Bancorp?
Fifth Third Bancorp's mailing address is 38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH, 45263. The financial services provider can be reached via phone at 800-972-3030 or via email at [email protected]
MarketBeat Community Rating for Fifth Third Bancorp (NASDAQ FITB)
MarketBeat's community ratings are surveys of what our community members think about Fifth Third Bancorp and other stocks. Vote "Outperform" if you believe FITB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FITB will underperform the S&P 500 over the long term. You may vote once every thirty days.
