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Fifth Third Bancorp (FITB)

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43.16 +0.33 (+0.77%)
At close: November 5 at 4:00 PM EST
43.77 +0.61 (+1.41%)
After hours: 7:58 PM EST
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DELL
  • Previous Close 42.83
  • Open 42.92
  • Bid 40.49 x 100
  • Ask 43.18 x 300
  • Day's Range 42.85 - 43.44
  • 52 Week Range 24.64 - 45.71
  • Volume 3,602,957
  • Avg. Volume 3,936,480
  • Market Cap (intraday) 29.188B
  • Beta (5Y Monthly) 1.24
  • PE Ratio (TTM) 14.29
  • EPS (TTM) 3.02
  • Earnings Date Jan 21, 2025
  • Forward Dividend & Yield 1.48 (3.45%)
  • Ex-Dividend Date Sep 30, 2024
  • 1y Target Est 46.86

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 capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. The Consumer and Small Banking segment provides a range of deposit and loan products to individuals and small businesses; home equity loans and lines of credit; credit cards; and cash management services. This segment also engages in the residential mortgage that include origination, retention and servicing of residential mortgage loans, sales and securitizations of loans, and hedging activities; indirect lending, including extending loans to consumers through automobile dealers, motorcycle dealers, powersport dealers, recreational vehicle dealers, and marine dealers; and home improvement and solar energy installation loans through contractors and installers. The Wealth & Asset Management segment provides various wealth management services 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 wealth planning, investment management, banking, insurance, and trust and estate services; and advisory services for institutional clients comprising middle market businesses, non-profits, states, and municipalities. The company was founded in 1858 and is headquartered in Cincinnati, Ohio.

www.53.com

18,579

Full Time Employees

December 31

Fiscal Year Ends

Recent News: FITB

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Performance Overview: FITB

Trailing total returns as of 11/5/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

FITB
27.61%
S&P 500
21.24%

1-Year Return

FITB
68.01%
S&P 500
32.68%

3-Year Return

FITB
9.66%
S&P 500
23.56%

5-Year Return

FITB
74.05%
S&P 500
87.86%

Compare To: FITB

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Statistics: FITB

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Valuation Measures

Annual
As of 11/5/2024
  • Market Cap

    29.19B

  • Enterprise Value

    --

  • Trailing P/E

    14.39

  • Forward P/E

    11.82

  • PEG Ratio (5yr expected)

    3.11

  • Price/Sales (ttm)

    3.58

  • Price/Book (mrq)

    1.56

  • Enterprise Value/Revenue

    5.99

  • Enterprise Value/EBITDA

    --

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    27.58%

  • Return on Assets (ttm)

    1.04%

  • Return on Equity (ttm)

    11.92%

  • Revenue (ttm)

    8.06B

  • Net Income Avi to Common (ttm)

    2.07B

  • Diluted EPS (ttm)

    3.02

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    4.39B

  • Total Debt/Equity (mrq)

    --

  • Levered Free Cash Flow (ttm)

    --

Research Analysis: FITB

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 1.97B
Earnings 573M
Q4'23
Q1'24
Q2'24
Q3'24
0
500M
1B
1.5B
2B
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

28.65 Low
46.86 Average
43.16 Current
53.00 High
 

Company Insights: FITB

Research Reports: FITB

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  • Fifth Third's Deposit Base Is Holding Up Decently Well; Shares Near Fair Value

    Fifth Third Bancorp is a diversified financial-services company headquartered in Cincinnati. The company has over $200 billion in assets and operates numerous full-service banking branches and ATMs throughout Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina.

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    Price Target
     
  • Raising target to $50 following 3Q results

    Fifth Third Bancorp is a diversified financial services company based in Cincinnati. The company has about 1,100 banking centers and 2,100 ATMs across 11 states. The company has four main business segments: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. In March 2019, it completed the acquisition of MB Financial, which added almost $20 billion in assets.

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  • The major indices are lower at midday. Wall Street seems to be questioning

    The major indices are lower at midday. Wall Street seems to be questioning whether the Fed will cut rates at its upcoming meeting in two weeks. As recently as a month ago, many economists forecast a rate cut at 100% certainty. Last week, those odds dropped to 90%. Today, many are watching as bonds sell off and wondering if that is an indicator that the expected November rate cut is in jeopardy. Still, indicators this morning are predicting chances at 90% for a cut. We agree and forecast a 25 bps cut in November and another one in December.

     
  • Fifth Third Earnings: A Few Puts and Takes but No Major Changes to Our Outlook

    Fifth Third Bancorp is a diversified financial-services company headquartered in Cincinnati. The company has over $200 billion in assets and operates numerous full-service banking branches and ATMs throughout Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina.

    Rating
    Price Target
     

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