Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of March 31, 2021, the Company had $207 billion in assets and operates 1,098 full-service Banking Centers, and 2,383 Fifth Third branded ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. In total, Fifth Third provides its customers with access to approximately 53,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of March 31, 2021, had $464 billion in assets under care, of which it managed $58 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Investor information and press releases can be viewed at www.53.com. Fifth Third's common stock is traded on the NASDAQ® Global Select Market under the symbol ÂFITBÂ.
IPO Year:
Exchange: NASDAQ
Website: 53.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
5/31/2024 | $43.00 | Peer Perform → Outperform | Wolfe Research |
5/1/2024 | $37.50 → $39.50 | Neutral → Overweight | JP Morgan |
4/1/2024 | $32.00 | Outperform → Neutral | Robert W. Baird |
3/19/2024 | $41.00 | Overweight → Equal-Weight | Stephens |
1/9/2024 | $33.00 → $37.00 | Outperform → Mkt Perform | Keefe Bruyette |
8/24/2023 | Mkt Perform | Raymond James | |
4/6/2023 | $38.00 → $34.00 | Mkt Perform → Outperform | Keefe Bruyette |
12/21/2022 | $36.00 | Neutral | DA Davidson |
12/5/2022 | $37.00 | Equal-Weight | Morgan Stanley |
9/28/2022 | $39.00 | Outperform | Wedbush |
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Fifth Third Bank is pleased to announce a collaborative agreement between Newline™ by Fifth Third, a leading embedded payments platform, and Trustly, the global leader in Open Banking Payments. Working together, Trustly and Newline will drive innovation across the money movement landscape, including payments via the Automated Clearing House (ACH) and Real Time Payments (RTP) networks, and Trustly's pay-by-bank ecosystem. The first payment products on which the parties will collaborate are deposits and withdrawals via ACH and RTP. Newline's API platform enables Trustly to transmit payments directly via Fifth Third Bank. Trustly aims to scale its payment products in collaboration with Fif
The Aulander Holloman solar project opened in late August 2019 In 2017, Fifth Third set an ambitious goal to power the Bank's operations across its national footprint – including more than 1,000 retail locations and operational facilities across 11 states – with 100% renewable power. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240904986205/en/The Aulander Holloman Solar Facility is located in Hertford County, North Carolina. (Photo: Business Wire) In late August 2019, Fifth Third achieved this goal with the opening of the Aulander Holloman solar facility in North Carolina. The project was made possible through a virtual pow
Fifth Third Bancorp (NASDAQ:FITB) today announced that its subsidiary, Fifth Third Bank, National Association (the "Bank"), has submitted a redemption notice to the issuing and paying agent for redemption of all of the Bank's outstanding 5.852% fixed-to-floating rate senior notes due October 27, 2025 (CUSIP 31677QBT5) issued in the principal amount of $1.0 billion. The Bank notes will be redeemed on or after the first business day following the October 27, 2024 redemption date pursuant to their terms and conditions for an amount equal to 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date. About Fifth Third Fifth Third is a bank that's as
Pet owners in select cities receive surprise gifts to help offset the cost of veterinary care Fifth Third proudly helps veterinarians achieve their practice ownership dreams through Provide – and now the Bank is supporting pet owners directly in conjunction with National Dog Day. On Monday, more than 300 pet owners at select Provide veterinary hospitals in Charlotte and Atlanta were surprised with gifts to help offset the cost of pet care, including a $167 gift card and a pack of pet toys, treats and other goodies for their furry friends. "The growth of our veterinary business the last three years under the leadership of Cary Crego and Bert Hockenberry has been one of Provide's great
Fifth Third Bancorp (NASDAQ:FITB) will participate in the 2024 Barclays Global Financial Services Conference on September 11, 2024, at approximately 7:30 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 section of www.53.com. Additionally, any slides used in the presentation will be made available in a printer-friendly format on the Company's website. About Fifth Third Bancorp Fifth Third is a bank that's as long on innovation
Fifth Third Bank is pleased to announce a collaborative agreement between Newline™ by Fifth Third, a leading embedded payments provider, and Stripe, a financial infrastructure platform that enables businesses to seamlessly incorporate financial services in their products. Together, Newline™ and Stripe will expand embedded financial services for Stripe's platform users and their customers. Later this year, Newline™ will power Stripe Treasury, a service that enables software platforms on Stripe to offer embedded financial accounts to their customers. Newline™ by Fifth Third is an API platform that enables enterprises to launch and scale payment, card, and deposit products directly with Fift
Fifth Third is proud to announce it has been named "U.S. Best Super-Regional Bank" by Euromoney in the magazine's 2024 Awards for Excellence. The 2024 Euromoney Awards for Excellence program evaluates bank performance from Jan. 1-Dec. 31, 2023, and recognizes banks that bring the highest level of service, innovation and solutions to their customers. During 2023, Fifth Third acquired Big Data Healthcare and subsequently launched two new healthcare focused solutions for Commercial clients. Dedicated to innovation, the bank acquired Rize Money, Inc. in May 2023 which led to the launch of Newline™ by Fifth Third, an API platform that enables enterprises to launch and scale payment, card and d
Resilient balance sheet and disciplined expense management leads to strong and stable returns Reported results included a negative $0.05 impact from certain items on page 2 of the earnings release Fifth Third Bancorp (NASDAQ:FITB): Key Financial Data Key Highlights $ in millions for all balance sheet and income statement items 2Q24 1Q24 2Q
Index rates Fifth Third among nation's best workplaces for people with disabilities For the fourth consecutive year, Fifth Third Bank has received a top score of 100 on the Disability Equality Index ®, the leading independent, third-party resource for the annual benchmarking of corporate disability inclusion policies and programs. Fifth Third has also been named among the index's Best Places to Work for Disability Inclusion. "We value our employees with disabilities, and we strive to create an inclusive environment for every employee," said Senior Vice President and Chief Inclusion Officer Stephanie A. Smith. "We are committed to creating an environment where equal access and an opportu
The Fifth Third Bank Financial Empowerment Mobile, commonly known as the eBus, brings financial access, social services and education directly into communities across the Bank's 11-state footprint, especially in underserved areas. Since the eBus began its 2024 tour on May 3, it has traveled nearly 3,000 miles, visited 18 communities and served nearly 1,100 community members. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240711342208/en/The Fifth Third Bank Financial Empowerment Mobile brings financial access, social services and education directly into communities across the Bank's 11-state footprint, especially in underserved
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B of A Securities analyst Ebrahim Poonawala maintains Fifth Third Bancorp (NASDAQ:FITB) with a Buy and raises the price target from $42 to $45.
Morgan Stanley analyst Manan Gosalia maintains Fifth Third Bancorp (NASDAQ:FITB) with a Equal-Weight and raises the price target from $36 to $40.
Argus Research analyst Stephen Biggar maintains Fifth Third Bancorp (NASDAQ:FITB) with a Buy and raises the price target from $42 to $46.
RBC Capital analyst Gerard Cassidy maintains Fifth Third Bancorp (NASDAQ:FITB) with a Outperform and raises the price target from $38 to $43.
Fifth Third Bancorp (NASDAQ:FITB) reported quarterly earnings of $0.86 per share which beat the analyst consensus estimate of $0.85 by 1.18 percent. This is a 1.15 percent decrease over earnings of $0.87 per share from the same period last year.
Fifth Third Bancorp (NASDAQ:FITB) reported quarterly earnings of $0.81 per share which missed the analyst consensus estimate of $0.84 by 3.57 percent. This is a 1.22 percent decrease over earnings of $0.82 per share from the same period last year. The company reported quarterly sales of $2.093 billion which missed the analyst consensus estimate of $2.113 billion by 0.94 percent. This is a 4.39 percent decrease over sales of $2.189 billion the same period last year.
The Nasdaq 100 closed lower by around 600 points on Wednesday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. Williams-Sonoma The Trade: Williams-Sonoma, Inc. (NYSE:WSM) President and CEO Laura Alber sold a total of 40,000 shares at
Resilient balance sheet and disciplined expense management leads to strong and stable returns Reported results included a negative $0.05 impact from certain items on page 2 of the earnings release Fifth Third Bancorp (NASDAQ:FITB): Key Financial Data Key Highlights $ in millions for all balance sheet and income statement items 2Q24 1Q24 2Q
Results reaffirm Fifth Third's balance sheet strength Fifth Third Bancorp (NASDAQ:FITB) today released its preliminary stress capital buffer requirement resulting from the Federal Reserve Board's ("FRB") annual bank stress test. Fifth Third's preliminary stress capital buffer under the FRB severely adverse scenario is 3.2%, effective October 1, 2024. Fifth Third's Common Equity Tier 1 ("CET1") ratio at March 31, 2024 of 10.5% significantly exceeds the regulatory minimum of 4.5% plus the stress capital buffer, reflecting strong capital levels. In September, Fifth Third intends to recommend to its Board of Directors a 2 cent per share increase to the quarterly cash dividend on its common
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 $0.35 per share for the second quarter of 2024. The dividend is payable on July 15, 2024 to shareholders of record as of June 28, 2024. Fifth Third also declared a cash dividend on its 5.10% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series H (quarterly rate of 3 month Term SOFR plus 3.033% plus 0.26161% [the ARRC-r
Grew deposits year-over-year and further strengthened liquidity and capital positions Reported results included a negative $0.06 impact from certain items on page 2 of the earnings release Fifth Third Bancorp (NASDAQ:FITB): Key Financial Data Key Highlights $ in millions for all balance sheet and income statement items 1Q24 4Q23 1Q23 Stability: Average deposits increased 5%
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 $0.35 per share for the first quarter of 2024. The dividend is payable on April 15, 2024 to shareholders of record as of March 28, 2024. Fifth Third also declared a cash dividend on its 5.10% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series H (quarterly rate of 3 month Term SOFR plus 3.033% plus 0.26161% [the ARRC-
Organizations Announce 2023 Centers of Excellence Graduates The National Minority Supplier Development Council (NMSDC) and Fifth Third today announce the continuance of NMSDC's innovative Centers of Excellence Certificate Program (COECP) through 2026. The COECP facilitates the development and growth of NMSDC-certified minority business enterprises, prepares them to compete for larger contracting opportunities and facilitates opportunities for strategic partnerships, mentoring and networking. The Fifth Third Foundation will provide an additional $1.1 million over the next three years to sponsor the program — and three new classes of graduates — through 2026. Fifth Third also donated $1 m
The JUST 100 is the only ranking that recognizes American corporate leadership on business issues prioritized by the public For a second consecutive year, Fifth Third was named to the JUST 100 list, part of JUST Capital and CNBC's 2024 Rankings of America's Most JUST Companies. Fifth Third was ranked fifth among the banks evaluated and 45th on the JUST 100 list – 937 companies were assessed. Inclusion in the JUST 100 is a recognition of the Bank's commitment to its employees, customers, communities, planet and shareholders. "I am proud Fifth Third is again being recognized by JUST Capital as a leader on issues that matter to our stakeholders," said Tim Spence, chairman, chief executiv
Strong capital accretion and continued to grow deposits and improve liquidity Reported results included a negative $0.27 impact from certain items on page 2 of the earnings release Fifth Third Bancorp (NASDAQ:FITB): Key Financial Data Key Highlights $ in millions for all balance sheet and income statement items 4Q23 3Q23 4Q22 Stability: Average deposits increased 2% compared to 3Q23; increased 5% compared to 4Q22 Maintained full Category 1 LCR compli
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 $0.35 per share for the fourth quarter of 2023. The dividend is payable on January 16, 2024 to shareholders of record as of December 29, 2023. Fifth Third also declared a cash dividend on its 5.10% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series H (quarterly rate of 3 month Term SOFR plus 3.033% plus 0.26161% [the
Bank recognized for performance, innovation, serving customers Fifth Third is proud to announce it has been named "Bank of the Year" for the U.S. 2023 by The Banker. This annual award program recognizes industry-wide excellence within the global banking community. "Congratulations to Fifth Third Bank for outshining the competition to win the Bank of the Year award for the U.S.," said Joy Macknight, editor of The Banker. "The judges were impressed by Fifth Third's commitment to leveraging technology and innovation to serve its customers. Major achievements include the strengthening of its embedded payments offering and of its private bank's Business Transition Advisory Team (BTAT), dedic
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Wolfe Research upgraded Fifth Third from Peer Perform to Outperform and set a new price target of $43.00
JP Morgan upgraded Fifth Third from Neutral to Overweight and set a new price target of $39.50 from $37.50 previously
Robert W. Baird downgraded Fifth Third from Outperform to Neutral and set a new price target of $32.00
Stephens downgraded Fifth Third from Overweight to Equal-Weight and set a new price target of $41.00
Keefe Bruyette downgraded Fifth Third from Outperform to Mkt Perform and set a new price target of $37.00 from $33.00 previously
Raymond James initiated coverage of Fifth Third with a rating of Mkt Perform
Keefe Bruyette upgraded Fifth Third from Mkt Perform to Outperform and set a new price target of $34.00 from $38.00 previously
DA Davidson initiated coverage of Fifth Third with a rating of Neutral and set a new price target of $36.00
Morgan Stanley resumed coverage of Fifth Third with a rating of Equal-Weight and set a new price target of $37.00
Wedbush resumed coverage of Fifth Third with a rating of Outperform and set a new price target of $39.00
Fifth Third Bancorp (NASDAQ:FITB) has announced that preliminary results from the Annual Shareholders Meeting held earlier today have indicated the following directors were re-elected: Nicholas K. Akins, retired chairman, president and CEO, American Electric Power. Evan Bayh III, senior advisor, Apollo Global Management. Jorge L. Benitez, retired CEO of North America of Accenture plc. Katherine B. Blackburn, executive vice president, Cincinnati Bengals, Inc. Emerson L. Brumback, retired president and COO, M&T Bank. Linda W. Clement-Holmes, retired chief Information Officer, The Procter and Gamble Company. C. Bryan Daniels, co-founder and principal, Prairie Capital. L
New members bring expertise in financial management, treasury, innovation, fintech Fifth Third Bancorp (NASDAQ:FITB) today announced the appointment of Laurent Desmangles and Kathleen Rogers as independent directors of Fifth Third Bancorp, effective immediately. "We're fortunate to have Laurent Desmangles and Kathleen Rogers joining our Board of Directors," said Fifth Third Bancorp President and CEO Tim Spence. "Laurent brings global perspective and experience serving organizations as they chart growth strategy and execute large scale transformation." "Kathy's wide-ranging career in banking and extensive financial management experience are invaluable. We welcome her leadership in serv
Fifth Third Bancorp (NASDAQ:FITB) has announced that preliminary results from the Annual Shareholders Meeting held earlier today have indicated the following directors were re-elected: Nicholas K. Akins, executive chairman, retired president, CEO, American Electric Power. Evan Bayh III, senior advisor, Apollo Global Management. Jorge L. Benitez, retired CEO of North America of Accenture plc. Katherine B. Blackburn, executive vice president, Cincinnati Bengals, Inc. Emerson L. Brumback, retired president and COO, M&T Bank. Linda W. Clement-Holmes, retired Chief Information Officer, The Procter and Gamble Company. C. Bryan Daniels, co-founder and principal, Prairie Capita
Establishes Sustainability Office and Appoints Mike Faillo as Chief Sustainability Officer Fifth Third today announced six new operational sustainability targets to be achieved by 2030. These targets build upon the Bank's initial five goals set in 2017, which established the foundation for Fifth Third to reduce the environmental impact in its own operations. The 2017 goals were to purchase 100% renewable power and to reduce its energy use, greenhouse gas emissions, water use and waste sent to landfills by 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220509005494/en/ Fifth Third's new and enhanced operational sustainabili
Greg Carmichael to become Executive Chairman Fifth Third Bancorp (NASDAQ:FITB) announced today that Greg Carmichael has elected to retire as chief executive officer effective July 5. At that time, Carmichael will become executive chairman, continuing to lead the Board of Directors and provide advice and counsel to the CEO. Tim Spence will succeed Carmichael as Fifth Third's CEO. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220412005303/en/Credit: Aaron Conway Marsha Williams, lead independent director of Fifth Third's Board, expressed the Board's unanimous confidence in Spence. "Tim is an outstanding leader who will continue t
Fifth Third Bank, National Association, today announced the appointment of Michele Mullins as the Company's first climate risk officer. The role expands Mullins' duties as director of enterprise risk governance and business support, and reflects the Bank's commitment to environmental sustainability leadership. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210924005344/en/Michele Mullins, director, Enterprise & Climate Risk Governance and Business Support, Fifth Third Bank (Photo: Business Wire) Fifth Third Chairman and CEO Greg Carmichael said, "With a proven track record of establishing appropriate procedures, testing for adher
Fifth Third Bank, National Association, has announced the addition of Jay Plum in the role of executive vice president and head of mortgage. Plum will help lead the Bank's digital mortgage initiative and the growth strategy for the Bank's mortgage business. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210419005532/en/Fifth Third Bank names Jay Plum new head of Mortgage (Photo: Business Wire) "We're excited to have Jay join us. His expertise across so many areas of banking and the markets that we serve will help us continue to improve our customer experience and grow the business," said Howard Hammond, head of the Consumer Bank
Fifth Third Bancorp (NASDAQ:FITB) has announced that preliminary results from the Annual Shareholders Meeting held earlier today have indicated the following directors were re-elected: Nicholas K. Akins, chairman, president, CEO, American Electric Power. Evan Bayh III, senior advisor, Apollo Global Management. Jorge L. Benitez, retired CEO of North America of Accenture plc. Katherine B. Blackburn, executive vice president, Cincinnati Bengals, Inc. Emerson L. Brumback, retired president and COO, M&T Bank. Greg D. Carmichael, chairman and CEO, Fifth Third Bancorp. Linda Clement-Holmes, retired Chief Information Officer, The Procter and Gamble Company. C. Bryan Daniels, co-foun