Stocks of Fifth Third Bancorp (NASDAQ:FITB) traded higher last session on Wall Street, down -0.25% to $23.65.
FITB stock price is now -6.51% away from the 50-day moving average and -15.24% away from the 200-day moving average. The market capitalization of the company currently stands at $16.10B.
In other news, Daniels C. Bryan, Director bought 64,500 shares of the company’s stock on Oct 30. The stock was bought for $1,503,495 at an average price of $23.31. Upon completion of the transaction, the Director now directly owns 325,278 shares in the company, valued at $7.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 03, Director Bayh Evan bought 5,000 shares of the business’s stock. A total of $124,100 was incurred on buying the stock at an average price of $24.82. This leaves the insider owning 73,700 shares of the company worth $1.74 million. Insiders disposed of 211,813 shares of company stock worth roughly $5.01 million over the past 1 year. A total of 0.55% of the company’s stock is owned by insiders.
Wednesday’s opening bell rang with an opening price of $23.65 for Fifth Third Bancorp (NASDAQ: FITB). During the past 12 months, Fifth Third Bancorp has had a low of $22.11 and a high of $38.06. The fifty day moving average price for FITB is $25.30 and a two-hundred day moving average price translates $27.90 for the stock.
The latest earnings results from Fifth Third Bancorp (NASDAQ: FITB) was released for Sep, 2023. According to the Banks – Regional Company, earnings per share came in at $0.91, beating analysts’ expectations of $0.82 by 0.09. This compares to $0.76 EPS in the same period last year. The net profit margin was 20.16% and return on equity was 15.35% for FITB. The company reported revenue of $2.37 billion for the quarter, compared to $1.46 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 61.89 percent. For the current quarter, analysts expect FITB to generate $2.16B in revenue.
Fifth Third Bancorp(FITB) Company Profile
Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management. The company’s Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. The company’s Consumer and Small Banking segment provides a range of deposit and loan products to individuals and small businesses; home equity loans and lines of credit; credit cards; and cash management services. This segment also engages in the residential mortgage that include origination, retention and servicing of residential mortgage loans, sales and securitizations of loans, and hedging activities; indirect lending, including extending loans to consumers through automobile dealers, motorcycle dealers, powersport dealers, recreational vehicle dealers, and marine dealers; and home improvement and solar energy installation loans through contractors and installers. Fifth Third Bancorp’s Wealth & Asset Management segment provides various wealth management services for individuals, companies, and not-for-profit organizations. It offers retail brokerage services to individual clients; and broker dealer services to the institutional marketplace. This segment also provides wealth planning, investment management, banking, insurance, and trust and estate services; and advisory services for institutional clients comprising middle market businesses, non-profits, states, and municipalities. Fifth Third Bancorp was founded in 1858 and is headquartered in Cincinnati, Ohio.
