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Fifth Third Bancorp (FITB-Q)
NASDAQ:FITB
45.72
0.10
(0.22%) 1d
Financials
Technical Analysis
$24.170
Unknown
For the recent quarter, FTIB grew sales 8% to $2.19B, in line with the estimate, and EPS was $0.82, slightly missing estimates of $0.83. Average deposits declined by 1% indicating a sticky deposit base, as other large banks lost deposits during the same quarter. ROEs improved to 13.9% compared to 12.3% in the same period last year. The result was okay given the challenging macro environment. Like other regional banks, FITB is an attractive acquisition target due to recent pressure in share price; FITB is now trading at 9.0x times' Forward P/E. In the last five years, FITB’s Return on Equity (ROE) has consistently been around the 13%-15% range, not excellent, but still a pretty good performance. FITB had a few years when it repurchased a significant amount of shares while paying growing and sustainable dividends over the years. We think FITB is also cheap ona Price/Book basis, currently trading at 1.3x P/B.
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Our PAST TOP PICK with FITB has triggered its stop at $31.50. To remain disciplined, we recommend covering the position at this time. When combined with our previous buy recommendation, this will result in a net investment loss of 14%.
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Fifth Third Bancorp(FITB-Q) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Fifth Third Bancorp(FITB-Q) Frequently Asked Questions
What is Fifth Third Bancorp stock symbol?
Fifth Third Bancorp is a American stock, trading under the symbol FITB-Q on the NASDAQ (FITB). It is usually referred to as NASDAQ:FITB or FITB-Q
Is Fifth Third Bancorp a buy or a sell?
In the last year, there was no coverage of Fifth Third Bancorp published on Stockchase.
Is Fifth Third Bancorp a good investment or a top pick?
Fifth Third Bancorp was recommended as a Top Pick by on . Read the latest stock experts ratings for Fifth Third Bancorp.
Why is Fifth Third Bancorp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Fifth Third Bancorp worth watching?
0 stock analysts on Stockchase covered Fifth Third Bancorp In the last year. It is a trending stock that is worth watching.
What is Fifth Third Bancorp stock price?
On 2024-12-12, Fifth Third Bancorp (FITB-Q) stock closed at a price of $45.72.
The regional banks are about to report, and he expects down numbers.