Fifth Third BancorpFITB
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 Q3 regulatory filings by fund managers ($100M+ AUM)
28% more first-time investments, than exits
New positions opened: 110 | Existing positions closed: 86
11% more capital invested
Capital invested by funds: $21.5B [Q2] → $23.9B (+$2.33B) [Q3]
3% more funds holding
Funds holding: 923 [Q2] → 947 (+24) [Q3]
4% more call options, than puts
Call options by funds: $206M | Put options by funds: $199M
8% less repeat investments, than reductions
Existing positions increased: 319 | Existing positions reduced: 345
3.97% less ownership
Funds ownership: 86.35% [Q2] → 82.37% (-3.97%) [Q3]
33% less funds holding in top 10
Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Wells Fargo Whit Mayo 86% 1-year accuracy 12 / 14 met price target | 16%upside $54 | Overweight Maintained | 15 Nov 2024 |
Barclays Jason Goldberg 83% 1-year accuracy 20 / 24 met price target | 10%upside $51 | Overweight Maintained | 21 Oct 2024 |
Evercore ISI Group John Pancari 89% 1-year accuracy 32 / 36 met price target | 1%upside $47 | In-Line Maintained | 2 Oct 2024 |
Morgan Stanley Manan Gosalia 81% 1-year accuracy 13 / 16 met price target | 10%upside $51 | Equal-Weight Maintained | 30 Sept 2024 |
Financial journalist opinion
Based on 10 articles about FITB published over the past 30 days