Fifth Third Bancorp (FITB)
| Market Cap | 25.30B |
| Revenue (ttm) | 8.15B |
| Net Income (ttm) | 2.16B |
| Shares Out | 684.05M |
| EPS (ttm) | 3.15 |
| PE Ratio | 11.74 |
| Forward PE | 11.01 |
| Dividend | $1.40 (3.79%) |
| Ex-Dividend Date | Jun 28, 2024 |
| Volume | 4,073,446 |
| Open | 36.18 |
| Previous Close | 36.27 |
| Day's Range | 36.08 - 37.03 |
| 52-Week Range | 22.49 - 39.14 |
| Beta | 1.26 |
| Analysts | Buy |
| Price Target | 38.53 (+4.19%) |
| Earnings Date | Jul 19, 2024 |
About FITB
Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management. The 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 capi... [Read more]
Financial Performance
In 2023, FITB's revenue was $8.19 billion, an increase of 4.88% compared to the previous year's $7.81 billion. Earnings were $2.21 billion, a decrease of -5.06%.
Financial StatementsAnalyst Forecast
According to 17 analysts, the average rating for FITB stock is "Buy." The 12-month stock price forecast is $38.53, which is an increase of 4.19% from the latest price.
News
Fifth Third Surpasses Commitments to Communities, Environment in 2023
CINCINNATI--(BUSINESS WIRE)--In pursuit of its goal to be the one bank people most value and trust, Fifth Third surpassed its commitments to the communities it serves and to the environment last year,...
This is how much the largest 20 U.S. banks raised dividends after stress tests
With another round of Federal Reserve stress tests in the books, many large U.S. banks have already announced dividend increases. Analysts at Jefferies compiled the data in a report sent to clients ea...
Fifth Third Bancorp Releases Stress Capital Buffer Requirement
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) today released its preliminary stress capital buffer requirement resulting from the Federal Reserve Board's (“FRB”) annual bank stress t...
Fifth Third Bank Receives 2024 CSO Award
CINCINNATI--(BUSINESS WIRE)--Fifth Third has been named a winner of a 2024 CSO Award from Foundry's CSO. This honor is given to a select group of organizations that have implemented security projects ...
Fifth Third Named 2024 National Best and Brightest in Wellness Winner by National Association for Business Resources
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank is pleased to announce it has been named one of the Nation's Best and Brightest in Wellness by the National Association for Business Resources (NABR). The...
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...
These numbers show that banks' risk from office real estate has been exaggerated
By now you have probably seen myriad headlines about an alarming level of risk that banks are facing from potential losses on their portfolios of loans secured by office buildings. But there are falla...
Fifth Third Bank Opens Central Valley Commercial Banking Office
CINCINNATI--(BUSINESS WIRE)--Fifth Third has announced the opening of its sixth commercial banking office in California with a new location in Bakersfield. The expansion exemplifies the Bank's continu...
Fifth Third Named 2024 Enterprise Identity Management Project of the Year by the Identity Defined Security Alliance
CINCINNATI--(BUSINESS WIRE)--For the last four years, Fifth Third Bank has been on a modernization transformation journey to secure and enable its customers and employees. These efforts have been reco...
Regional banks can 'earn their way out of risk' from commercial real estate: Janney's Chris Marinac
Chris Marinac, director of equity research at Janney Montgomery Scott, joins CNBC's 'The Exchange' to discuss why he disagrees with Moody's downgrade of some regional banks, how investors can position...
The bank stocks that conservative investors should consider
That's for at least two reasons. The first is higher interest rates: Many commercial mortgages are five-year balloons, which means that many loans extended at low rates in 2019 are repricing this year...
For Third Consecutive Year, Fifth Third Private Bank Recognized as Best for High Net Worth Clients
CINCINNATI--(BUSINESS WIRE)--Fifth Third Private Bank, a division of Fifth Third Bank, was named Best Private Bank for High Net Worth Clients by The Digital Banker and Global Private Banker as part of...
Fifth Third Bancorp to Participate in the Morgan Stanley US Financials, Payments & CRE Conference
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2024 Morgan Stanley US Financials, Payments & CRE Conference on June 11, 2024, at approximately 7:25 AM ET. Brya...
Fifth Third Opens Dallas-based Fifth Third Wealth Advisors Office
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank today announced the opening of its Dallas-based Fifth Third Wealth Advisors office. The office is the eighth location for the Bank's independent Registere...
Fifth Third Bancorp to Participate in the Bernstein Strategic Decisions Conference
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2024 Bernstein Strategic Decisions Conference on May 29, 2024, at approximately 3:30 PM ET. Tim Spence, chairman...
Fifth Third Launches New Payables Solution to Solve Clients' Jobs to Be Done
CINCINNATI--(BUSINESS WIRE)--Fifth Third (NASDAQ:FITB) and Bottomline announced the launch of Enhanced Payables powered by Bottomline and its business payments network, Paymode-X. The solution combine...
Fifth Third's Financial Empowerment Mobile Begins New Season of Supporting Communities with SpringFour's Financial Health Resources and Reimagined Experience
CINCINNATI--(BUSINESS WIRE)--Fifth Third's Financial Empowerment Mobile, commonly known as the eBus, brings financial access and education directly into communities, especially underserved areas. For ...
Fifth Third Recognized as a Best Adoption-Friendly Workplace by Dave Thomas Foundation for Adoption
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank is proud to announce it has been named to the Dave Thomas Foundation for Adoption list of 100 Best Adoption-Friendly Workplaces. This recognition highligh...
Fighting Food Insecurity and Supporting Communities Focus of “Fifth Third Day”
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank's nearly 20,000 employees will celebrate “Fifth Third Day XXXIII” by volunteering and donating to fight food insecurity in the communities where they live...
Fifth Third Joins Mastercard's Priceless Planet Coalition
CINCINNATI--(BUSINESS WIRE)--As part of its commitment to combat climate change and in celebration of Earth Day 2024, Fifth Third Bank today announced it has joined Mastercard's Priceless Planet Coali...
Fifth Third Bancorp's quarterly profit falls on lower interest income
Fifth Third Bancorp posted a 10% drop in first-quarter profit on Friday as higher deposit costs weighed on the lender's interest income.
Fifth Third Bancorp Reports First Quarter 2024 Diluted Earnings Per Share of $0.70
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (NASDAQ: FITB): Key Financial Data Key Highlights $ in millions for all balance sheet and income st...
Fifth Third Bancorp Announces Preliminary Results of Annual Shareholders Meeting
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) has announced that preliminary results from the Annual Shareholders Meeting held earlier today have indicated the following directors we...
Fifth Third and UNC Kenan Institute Launch “Empowering American Cities” Initiative
CINCINNATI--(BUSINESS WIRE)--Fifth Third (NASDAQ: FITB) today announced the launch of Empowering American Cities, the outcome of a collaborative relationship with the Kenan Institute of Private Enterp...