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Fifth Third Bancorp (FITB)
NASDAQ:FITB
Holding FITB?
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FITB Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$22.49 - $43.01
Previous Close$42.51
Volume2.31M
Average Volume (3M)4.23M
Market Cap
$28.87B
Enterprise Value$48.43B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$19.66B
Price to Earnings (P/E)13.5
Beta1.15
Next Earnings
Oct 18, 2024EPS Estimate
$0.83Next Dividend Ex-Date
Sep 30, 2024Dividend Yield3.3%
Share Statistics
EPS (TTM)3.13
Shares Outstanding676,797,447
10 Day Avg. Volume3,761,667
30 Day Avg. Volume4,234,359
Standard Deviation0.11
R-Squared0.36
Alpha0.00230
Financial Highlights & Ratios
Price to Book (P/B)1.68
Price to Sales (P/S)3.51
Price to Cash Flow (P/CF)10.50
P/FCF Ratio4.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.71
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$43.73Price Target Upside2.51% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
Fifth Third Bancorp News
PremiumCompany Announcements
Fifth Third Bancorp Outlines Growth Strategy at Barclays Conference
PremiumCompany Announcements
Fifth Third Bancorp Announces Executive Leadership Changes
Bulls Say, Bears Say
Bulls Say
Digital InnovationFITB has leaned into tech and digital innovation, which has enabled them to outpunch their weight in the commercial payments business.
Management StrengthA strong balance sheet position, margin defensibility against rate cuts, an attractive footprint, and consistent execution on growth strategy should lead to superior EPS growth/returns over the medium to long term.
Revenue GrowthFITB highlighted greater fees expected in commercial payments where it has historical strength and expects 10% compound annual growth rate.
Bears Say
Deposit GrowthDeposit growth was lower than expected, driven by NIB deposit outflows, although the pace of outflows was noted to be slowing.
Legal IssuesConsumer Financial Protection Bureau Files Suit Against Fifth Third Bank, National Association for Allegedly Opening Unauthorized Accounts and Enrolling Consumers in Unauthorized Products.
Loan GrowthLoan growth was below expectations, given a noted lack of customer demand outside of industries directly benefiting from government spending.
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Ownership Overview
6.41% Insiders
34.56% Mutual Funds
44.62% Other Institutional Investors
14.41% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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FITB FAQ
What was Fifth Third Bancorp’s price range in the past 12 months?
Fifth Third Bancorp lowest stock price was $22.49 and its highest was $43.01 in the past 12 months.
What is Fifth Third Bancorp’s market cap?
Currently, no data Available
When is Fifth Third Bancorp’s upcoming earnings report date?
Fifth Third Bancorp’s upcoming earnings report date is Oct 18, 2024 which is in 30 days.
How were Fifth Third Bancorp’s earnings last quarter?
Fifth Third Bancorp released its earnings results on Jul 19, 2024. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.848 by -$0.038.
Is Fifth Third Bancorp overvalued?
According to Wall Street analysts Fifth Third Bancorp’s price is currently Undervalued.
Does Fifth Third Bancorp pay dividends?
Fifth Third Bancorp pays a Quarterly dividend of $0.37 which represents an annual dividend yield of 3.3%. See more information on Fifth Third Bancorp dividends here
What is Fifth Third Bancorp’s EPS estimate?
Fifth Third Bancorp’s EPS estimate is $0.83.
How many shares outstanding does Fifth Third Bancorp have?
Fifth Third Bancorp has 676,797,400 shares outstanding.
What happened to Fifth Third Bancorp’s price movement after its last earnings report?
Fifth Third Bancorp reported an EPS of $0.81 in its last earnings report, missing expectations of $0.848. Following the earnings report the stock price went up 1.889%.
Which hedge fund is a major shareholder of Fifth Third Bancorp?
Among the largest hedge funds holding Fifth Third Bancorp’s share is Davis Selected Advisers. It holds Fifth Third Bancorp’s shares valued at 90M.
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Fifth Third Bancorp Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$43.73 (2.51% Upside)
$43.73 (2.51% Upside)
Blogger Sentiment
Neutral
FITB Sentiment 63%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 263.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $2.7M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days >0.1%
Last 30 Days ▲ 4.7%
Last 30 Days ▲ 4.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
61.85%
12-Months-Change
Fundamentals
Return on Equity
12.48%
Trailing 12-Months
Asset Growth
2.89%
Trailing 12-Months
Company Description
Fifth Third Bancorp
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 & 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 Company Deck
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FITB Earnings Call
Q2 2024
0:00 / 0:00
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FITB Revenue Breakdown
66.72% Net interest income
32.99% Noninterest income
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FITB Stock 12 Month Forecast
Average Price Target
$43.73
▲(2.51% Upside)
Technical Analysis
Best Analysts Covering FITB
1 Year
1 Year Success Rate
18/25 ratings generated profit
1 Year Average Return
+18.94%
assigned a buy rating 7 days ago
Copying Jason Goldberg's trades and holding each position for 1 Year would result in 72.00% of your transactions generating a profit, with an average return of +18.94% per trade.
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