Fifth Third Bancorp (FITB)
| Market Cap | 23.49B |
| Revenue (ttm) | 8.22B |
| Net Income (ttm) | 2.42B |
| Shares Out | 681.02M |
| EPS (ttm) | 3.52 |
| PE Ratio | 9.80 |
| Forward PE | 10.53 |
| Dividend | $1.40 (4.06%) |
| Ex-Dividend Date | Dec 28, 2023 |
| Volume | 4,063,134 |
| Open | 34.75 |
| Previous Close | 34.80 |
| Day's Range | 34.42 - 34.97 |
| 52-Week Range | 22.11 - 38.06 |
| Beta | 1.30 |
| Analysts | Buy |
| Price Target | 33.71 (-2.26%) |
| Earnings Date | Jan 19, 2024 |
About FITB
Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management. 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 le... [Read more]
Financial Performance
In 2022, FITB's revenue was $7.81 billion, a decrease of -5.48% compared to the previous year's $8.27 billion. Earnings were $2.33 billion, a decrease of -12.37%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for FITB stock is "Buy." The 12-month stock price forecast is $33.71, which is a decrease of -2.26% from the latest price.
News
Banks will have to navigate a fair amount of uncertainty next year, says Fifth Third Bank CEO
Timothy Spence, Fifth Third Bank CEO, joins 'Squawk on the Street' to discuss how Spence is considering the range of outcomes for rates and inflation next year, Fifth Third's customer behavior, and ho...
Fifth Third Earns Highest Marks in Human Rights Campaign's 2023 Corporate Equality Index
CINCINNATI--(BUSINESS WIRE)--Fifth Third continues its commitment to LGBTQ+ workplace equality with a Corporate Equality Index score of 100 for eighth consecutive year.
Fifth Third Announces Leadership Changes
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) today announced the following executive leadership changes that will take effect January 2, 2024. The Board of Directors voted to appoin...
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fifth Third Bancorp - FITB
NEW YORK , Dec. 18, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Fifth Third Bancorp ("Fifth Third" or the "Company") (NASDAQ: FITB). Such investors are advised...
Fifth Third Awards $53,000 Grants to Three Small Businesses
CINCINNATI--(BUSINESS WIRE)--For two weeks in November, Fifth Third Bank employees showed their love for their local small businesses by entering them in a sweepstakes to win a $53,000 grant – to be u...
Fifth Third Bancorp Announces Cash Dividends
CINCINNATI--(BUSINESS WIRE)--Today, Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series H preferred shares, Series I preferred shares, Series J preferred share...
Fifth Third Bank Named ‘Bank of the Year U.S.' by The Banker
CINCINNATI--(BUSINESS WIRE)--Fifth Third is proud to announce it has been named “Bank of the Year” for the U.S. 2023 by The Banker. This annual award program recognizes industry-wide excellence within...
Fifth Third Named to Top Lists by Forbes, Time
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, has been named to the Forbes Best Brands for Customer Service 2024 list and TIME World's Best Companies 2023 list. This is the firs...
ROSEN, A LEADING LAW FIRM, Encourages Fifth Third Bancorp Investors to Inquire About Securities Class Action Investigation - FITB
NEW YORK , Nov. 29, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Fifth Third Banc...
Fifth Third Bancorp to Participate in the Goldman Sachs U.S. Financial Services Conference
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2023 Goldman Sachs U.S. Financial Services Conference on December 6, 2023 at approximately 8:00 AM ET. Tim Spenc...
FITB INVESTOR NEWS: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Fifth Third Bancorp Investors to Inquire About Securities Class Action Investigation – FITB
NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Fifth Third Bancorp (NASDAQ: F...
Fifth Third Kicks Off Inaugural ‘Love, Fifth Third' Small Business Appreciation Campaign
CINCINNATI--(BUSINESS WIRE)--Small businesses across Fifth Third's footprint are going to feel the love leading up to and during the Thanksgiving shopping weekend. Until Nov. 27, Fifth Third employees...
JPMorgan's and PNC's mixed outlook on net interest income draws attention from analyst after industry gathering
Big U.S. banks have signaled that they expect net interest income to bottom out in the next few quarters as they keep an eye on whether the cost of consumer deposits will come down, a bank analyst sai...
Fifth Third Bank Signs Naming Rights Deal for Future Home of Spartanburg's Professional Baseball Club
SPARTANBURG, S.C.--(BUSINESS WIRE)--Fifth Third Bank has agreed to a multi-year agreement with Diamond Baseball Holdings, an organization that owns and operates select Minor League clubs affiliated wi...
Investors should ‘be patient' with beaten-down bank sector, buy-side fund manager says
The clouds over bank stocks aren't expected to clear anytime soon, fund manager Dave Ellison said, but some names remain attractive based on valuation.
Fifth Third Bancorp to Participate in the BancAnalysts Association of Boston Conference
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2023 BancAnalysts Association of Boston Conference on November 3, 2023 at approximately 7:30 AM ET. Jamie Leonar...
Fifth Third's Virtual Assistant Jeanie® Now Understands 30,000 Phrases, Has More Capabilities to Help Customers
CINCINNATI--(BUSINESS WIRE)--When Fifth Third launched its mobile app virtual assistant Jeanie in May of 2020 she had the ability to understand 35 different customer intents – what they are asking for...
Regional Bank Stocks' Gains Belie Their Q3 Results
From a stock market standpoint, regional U.S. banks have stabilized after this spring's banking turmoil. But that recovery belies their deteriorating financial performance.
Fifth Third Bank CEO: Our credit metrics have been very well behaved as delinquencies declined
Fifth Third Bank CEO Timothy Spence joins 'Squawk on the Street' to discuss the company's quarterly earnings results, the lower-than-expected credit provisions, and the risks Fifth Third is willing to...
Fifth Third expects further interest income weakness after quarterly profit falls
Fifth Third Bancorp said on Thursday it expects interest income (NII) to decline again in the current quarter after posting a 1.3% fall in third-quarter profit.
Fifth Third Reports Third Quarter 2023 Diluted Earnings Per Share of $0.91
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (NASDAQ: FITB): Key Financial Data Key Highlights $ in millions for all balance sheet and income statement items ...
CFRA's Ken Leon says deposit risks are still a concern for regional banks
Ken Leon, CFRA Director of Equity Research, joins 'Closing Bell: Overtime' to discuss bank earnings and what to expect next week from regionals.
U.S. SEC nearing settlement with Wall Street firms over WhatsApp probe -sources
The U.S. Securities and Exchange Commission (SEC) is finalizing settlements with around two dozen Wall Street firms to resolve investigations into record-keeping lapses, said two people with knowledge...
Fifth Third Bancorp Increases Quarterly Cash Dividend on its Common Shares 2 cents, or 6%, to $0.35 per Share
CINCINNATI--(BUSINESS WIRE)--Today Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series H preferred shares, Series I preferred shares, Series J preferred shares...