Fifth Third BancorpFITB
Market Cap: $27.5B
About: 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.
Employees: 18,607
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
29% more call options, than puts
Call options by funds: $86.3M | Put options by funds: $66.7M
22% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 76
2% more funds holding
Funds holding: 899 [Q1] → 916 (+17) [Q2]
1% less repeat investments, than reductions
Existing positions increased: 322 | Existing positions reduced: 325
4% less capital invested
Capital invested by funds: $21.9B [Q1] → $21.1B (-$795M) [Q2]
1.64% less ownership
Funds ownership: 86.41% [Q1] → 84.77% (-1.64%) [Q2]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q1] → 3 (-1) [Q2]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Morgan Stanley Manan Gosalia 73% 1-year accuracy 16 / 22 met price target | 16%upside $47 | Equal-Weight Maintained | 5 Aug 2024 |
B of A Securities Ebrahim Poonawala 73% 1-year accuracy 11 / 15 met price target | 11%upside $45 | Buy Maintained | 22 Jul 2024 |
Morgan Stanley Manan Gosalia 73% 1-year accuracy 16 / 22 met price target | 2%downside $40 | Equal-Weight Maintained | 22 Jul 2024 |
Argus Research Stephen Biggar 77% 1-year accuracy 10 / 13 met price target | 13%upside $46 | Buy Maintained | 22 Jul 2024 |
RBC Capital Gerard Cassidy 93% 1-year accuracy 38 / 41 met price target | 6%upside $43 | Outperform Maintained | 22 Jul 2024 |
Financial journalist opinion
Based on 9 articles about FITB published over the past 30 days