Fifth Third BancorpFITB
FITB
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
47% more first-time investments, than exits
New positions opened: 112 | Existing positions closed: 76
11% more capital invested
Capital invested by funds: $21.5B [Q2] → $23.9B (+$2.35B) [Q3]
4% more funds holding
Funds holding: 924 [Q2] → 960 (+36) [Q3]
4% more call options, than puts
Call options by funds: $206M | Put options by funds: $199M
9% less repeat investments, than reductions
Existing positions increased: 320 | Existing positions reduced: 352
3.94% less ownership
Funds ownership: 86.35% [Q2] → 82.4% (-3.94%) [Q3]
33% less funds holding in top 10
Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$47
9%
upside
Avg. target
$51
20%
upside
High target
$54
26%
upside
7 analyst ratings
3 positive
43%
4 neutral
57%
0 negative
0%
Keefe, Bruyette & Woods David Konrad 59% 1-year accuracy 17 / 29 met price target | 19%upside $51 | Market Perform Maintained | 4 Dec 2024 |
Piper Sandler Scott Siefers 56% 1-year accuracy 14 / 25 met price target | 26%upside $54 | Overweight Maintained | 3 Dec 2024 |
Citigroup Keith Horowitz 62% 1-year accuracy 13 / 21 met price target | 21%upside $52 | Neutral Maintained | 22 Nov 2024 |
Wells Fargo Whit Mayo 59% 1-year accuracy 10 / 17 met price target | 26%upside $54 | Overweight Maintained | 15 Nov 2024 |
Barclays Jason Goldberg 73% 1-year accuracy 33 / 45 met price target | 19%upside $51 | Overweight Maintained | 21 Oct 2024 |
Financial journalist opinion
Based on 8 articles about FITB published over the past 30 days
Neutral
Business Wire
2 days ago
Fifth Third Bank to Decrease Prime Lending Rate to 7.50%
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association, today announced it will decrease its prime lending rate to 7.50%, effective immediately. The rate was last changed on November 7, 2024, when Fifth Third decreased its prime lending rate from 8.00% to 7.75%. About Fifth Third Fifth Third is a bank that's as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve l.
Neutral
Business Wire
4 days ago
Fifth Third Awards More Than $25,000 in Small Business Grants
CINCINNATI--(BUSINESS WIRE)--Throughout the month of November, Fifth Third (NASDAQ: FITB) showed appreciation to small businesses across its 11-state footprint through a unique social media competition and tipping campaign, with employees celebrating their favorite local small businesses on social media for the opportunity to win one of five $5,300 grants. Fifth Third employees across the country participated in the campaign, entering more than 2,800 local small businesses nationally for recogn.
Neutral
Business Wire
4 days ago
Newline™ by Fifth Third Awarded Most Innovative Financial Institution by This Week in Fintech
CINCINNATI--(BUSINESS WIRE)--This Week in Fintech announced its annual This Week in Fintech Awards at the 2024 Fintech Formal in New York. Newline™ by Fifth Third was awarded Most Innovative Financial Institution. Newline is an API-first platform to launch embedded payment and deposit solutions directly with Fifth Third Bank (NASDAQ: FITB). The This Week in Fintech Awards seek to recognize the best of the industry and showcase the most groundbreaking technologies, services and partnerships of 2.
Neutral
Business Wire
1 week ago
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 shares, Series K preferred shares, Series L preferred shares, and Class B Series A preferred shares. Fifth Third Bancorp (Nasdaq: FITB) today declared a cash dividend on its common shares of $0.37 per share for the fourth quarter of 2024. The dividend is payable on January 15, 2025 to shareholders of rec.
Positive
Zacks Investment Research
2 weeks ago
Fifth Third Unveils Expansion Strategy to Open More Than 200 Branches
FITB plans to open more than 200 retail branches by 2028, particularly in Southeast markets.
Neutral
Business Wire
2 weeks ago
Fifth Third's Branch Expansion Strategy Driven by Data, Digital Tools
CINCINNATI--(BUSINESS WIRE)--Recently Fifth Third Bank (NASDAQ: FITB) unveiled plans to expand its retail branch footprint by opening more than 200 branches over the next four years, primarily in fast-growing Southeast markets. Speaking to investors at the BancAnalysts Association of Boston Conference on November 8, Chief Operating Officer Jamie Leonard detailed how Fifth Third has created the infrastructure – inclusive of digital and physical components – to create a differentiated customer ex.
Neutral
Business Wire
3 weeks ago
Fifth Third Bancorp to Participate in the Goldman Sachs U.S. Financial Services Conference
CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) will participate in the 2024 Goldman Sachs U.S. Financial Services Conference on December 11, 2024 at approximately 8:00 AM ET. Tim Spence, chairman, chief executive officer and president, and Bryan Preston, executive vice president and chief financial officer, will represent the Company. Audio webcast and any presentation slides may be viewed live and for approximately 14 days after the conference through the Investor Relations se.
Neutral
Business Wire
4 weeks ago
Fifth Third's Laurent Desmangles, Linda W. Clement-Holmes Recognized as 2024 Most Influential Corporate Directors by Savoy Magazine
CINCINNATI--(BUSINESS WIRE)--Fifth Third directors Laurent Desmangles and Linda W. Clement-Holmes have been named to Savoy Magazine's Most Influential Corporate Directors list.
Neutral
Business Wire
1 month ago
Fifth Third Bank, National Association, Names Matt Nipper as Northern Ohio President
CLEVELAND--(BUSINESS WIRE)--Fifth Third Bank, National Association, (Nasdaq: FITB) has announced Matt Nipper as Northern Ohio region president. Nipper succeeds Tom Partridge, who is serving as group regional president. As region president, Nipper is responsible for the growth and strategic alignment of the Bank's commercial, wealth & asset management and treasury management businesses throughout Northern Ohio. He joined Fifth Third in April as Cleveland market president. “I look forward to.
Neutral
Business Wire
1 month ago
Fifth Third Kicks Off Second Annual ‘Swap, Snap, Share' Small Business Appreciation Campaign
CINCINNATI--(BUSINESS WIRE)--Small businesses across Fifth Third's 11-state footprint will feel the love this holiday shopping season: from now until Dec. 1, Fifth Third employees can enter their favorite local small business in a sweepstakes to win one of five $5,300 microgrants. “At Fifth Third, we know that small, local businesses form the foundation of our communities – where we live, work, and play. And when they succeed, we succeed,” said Melissa Stevens, chief marketing officer for Fifth.
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