FITB Stock Recent News
FITB LATEST HEADLINES
Increasing funding costs are likely to have hurt Fifth Third's (FITB) Q4 NII growth. Nonetheless, fee income is expected to have positively impacted the results.
Diversified revenue sources, along with solid loan and deposit balances, are likely to support Fifth Third (FITB). However, a rise in expenses and significant exposure to commercial loans are worrisome.
Fifth Third Bancorp (FITB) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
Bank stocks are up today and investors wonder why have come to the right place! The reason that bank stocks are up on Thursday has to do with an update from the Federal Reserve.
Several major bank stocks jumped after the U.S. Federal Reserve held rates steady for the third straight time on Wednesday. Fed officials also signaled at least three rate cuts in 2024.
Fifth Third Bancorp (FITB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
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While a rise in funding costs and waning loan demand will hurt Zacks Major Regional Banks, higher rates, manageable asset quality, robust economic growth and business restructuring efforts will offer support. Hence, industry players like JPM, WFC & FITB are worth betting on.
Supported by solid fundamentals and good growth prospects, Fifth Third (FITB) stock seems an attractive investment option now.
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