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NASDAQ:FITBFifth Third Bancorp Stock Price, Forecast & News

$20.21
+0.39 (+1.97 %)
(As of 06/2/2020 04:00 PM ET)
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Today's Range
$19.94
Now: $20.21
$20.55
50-Day Range
$14.77
MA: $17.55
$20.97
52-Week Range
$11.10
Now: $20.21
$31.64
Volume7.42 million shs
Average Volume7.40 million shs
Market Capitalization$14.39 billion
P/E Ratio8.86
Dividend Yield5.45%
Beta1.7
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 asset management services; holistic strategies to affluent clients in wealth planning, investing, insurance, and wealth protection; and advisory services for institutional clients comprising states and municipalities. As of December 31, 2018, the company operated 1,121 full-service banking centers and 2,419 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina. Fifth Third Bancorp was founded in 1858 and is headquartered in Cincinnati, Ohio.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.30 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:FITB
CUSIP31677310
Phone800-972-3030

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.79 billion
Cash Flow$3.71 per share
Book Value$27.38 per share

Profitability

Net Income$2.51 billion

Miscellaneous

Employees19,869
Market Cap$14.39 billion
Next Earnings Date7/28/2020 (Estimated)
OptionableOptionable

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Fifth Third Bancorp (NASDAQ:FITB) Frequently Asked Questions

How has Fifth Third Bancorp's stock been impacted by COVID-19 (Coronavirus)?

Fifth Third Bancorp's stock was trading at $17.65 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, FITB stock has increased by 14.5% and is now trading at $20.21. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 1 sell rating, 5 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Fifth Third Bancorp.

When is Fifth Third Bancorp's next earnings date?

Fifth Third Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for Fifth Third Bancorp.

How were Fifth Third Bancorp's earnings last quarter?

Fifth Third Bancorp (NASDAQ:FITB) posted its quarterly earnings data on Tuesday, April, 21st. The financial services provider reported $0.13 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.23 by $0.10. The financial services provider earned $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. Fifth Third Bancorp had a return on equity of 9.05% and a net margin of 18.85%. During the same quarter in the previous year, the company earned $0.63 earnings per share. View Fifth Third Bancorp's earnings history.

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 Monday, February 24th. Investors of record on Tuesday, March 31st will be given a dividend of $0.27 per share on Tuesday, April 14th. This represents a $1.08 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date of this dividend is Monday, March 30th. This is an increase from Fifth Third Bancorp's previous quarterly dividend of $0.24. 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 stock buyback program on Tuesday, June 18th 2019, which authorizes the company to repurchase 100,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its shares are undervalued.

What price target have analysts set for FITB?

17 analysts have issued 12-month price targets for Fifth Third Bancorp's shares. Their forecasts range from $15.00 to $32.00. On average, they anticipate Fifth Third Bancorp's share price to reach $24.46 in the next twelve months. This suggests a possible upside of 21.1% from the stock's current price. View analysts' price targets for Fifth Third Bancorp.

Has Fifth Third Bancorp been receiving favorable news coverage?

Headlines about FITB stock have trended extremely negative this week, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Fifth Third Bancorp earned a media sentiment score of -4.6 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutFifth Third Bancorp.

Are investors shorting Fifth Third Bancorp?

Fifth Third Bancorp saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 13,530,000 shares, an increase of 14.0% from the April 15th total of 11,870,000 shares. Based on an average daily volume of 8,370,000 shares, the short-interest ratio is presently 1.6 days. Currently, 1.9% of the company's stock are sold short. View Fifth Third Bancorp's Current Options Chain.

Who are some of Fifth Third Bancorp's key competitors?

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 following 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)

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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.57%), State Street Corp (4.67%), Invesco Ltd. (2.84%), Sanders Capital LLC (2.64%), JPMorgan Chase & Co. (2.23%) and Geode Capital Management LLC (1.74%). Company insiders that own Fifth Third Bancorp stock include Evan Bayh, Frank R Forrest, Jewell D Hoover, Katherine H Blackburn, Lars C Anderson, Philip Mchugh, Robert P Shaffer, Teresa J Tanner and Timothy Spence. View institutional ownership trends for Fifth Third Bancorp.

Which major investors are selling Fifth Third Bancorp stock?

FITB stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Thrivent Financial for Lutherans, Hexavest Inc., State Street Corp, Nuveen Asset Management LLC, BlackRock Inc., Russell Investments Group Ltd., and Sanders Capital 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, Philip Mchugh, and Timothy Spence. View insider buying and selling activity for Fifth Third Bancorp.

Which major investors are buying Fifth Third Bancorp stock?

FITB stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V., AJO LP, Fort Washington Investment Advisors Inc. OH, Wells Fargo & Company MN, Schroder Investment Management Group, AMF Pensionsforsakring AB, Invesco Ltd., and American Financial Group Inc.. Company insiders that have bought Fifth Third Bancorp stock in the last two years include Evan Bayh, and Katherine H Blackburn. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Fifth Third Bancorp's stock price today?

One share of FITB stock can currently be purchased for approximately $20.21.

How big of a company is Fifth Third Bancorp?

Fifth Third Bancorp has a market capitalization of $14.39 billion and generates $9.79 billion in revenue each year. The financial services provider earns $2.51 billion in net income (profit) each year or $2.77 on an earnings per share basis. Fifth Third Bancorp employs 19,869 workers across the globe.

What is Fifth Third Bancorp's official website?

The official website for Fifth Third Bancorp is www.53.com.

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]

This page was last updated on 6/3/2020 by MarketBeat.com Staff

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