FITB Stock Recent News
FITB LATEST HEADLINES
Fifth Third (FITB) has announced a 6% increase in its dividend. Regular dividend hikes are likely to enhance shareholder value.
Raymond James analyst David J. Long cited “steady long-term loan growth” as he launched coverage of Fifth Third Bancorp FITB, +1.89% with a market perform rating on Thursday.
Diversified revenue sources, along with a rise in loans and deposits, are likely to support Fifth Third (FITB). However, escalating expenses and major exposure to commercial loans are headwinds.
After Moody's cut credit ratings, regional banks are feeling the heat again. However, some smart analysts think there are select bargains in the trash bin.
The Moody's downgrade of 10 banks this week and warnings that more could be coming reignited concerns over U.S. regional banks.
Bank stocks are under fire today, after Moody's downgraded 10 regional lenders.
Fifth Third is paying its common shareholders a 4.6% dividend yield that's grown by a 14.87% compound annual growth rate over the last 5 years. The ticker is currently swapping hands at a 20% discount to its 5-year average forward non-GAAP price-to-earnings ratio. The Series I preferreds are set to float at the end of 2023 for an aggregate 9.3% headline yield.
As Q2 earnings reports roll in, it becomes clear that certain banks stand out as beacons of performance, capturing investors' attention. The article explores three leading banks' impressive financial performance, strategic investments and forward-looking approaches.
Fintel reports that on July 21, 2023, Goldman Sachs maintained coverage of Fifth Third Bancorp (NASDAQ:FITB) with a Buy recommendation.
Fifth Third Bancorp (NASDAQ:FITB ) Q2 2023 Earnings Conference Call July 20, 2023 9:00 AM ET Company Participants Chris Doll - Director-Investor Relations Timothy Spence - President and Chief Executive Officer James Leonard - Executive Vice President and Chief Financial Officer Bryan Preston - Treasurer Greg Schroeck - Chief Credit Officer Conference Call Participants Scott Siefers - Piper Sandler Erika Najarian - UBS John Panc - Evercore Ken Usdin - Jefferies Ebrahim Poonawala - Bank of America Michael Mayo - Wells Fargo Gerard Cassidy - RBC Operator Good morning. My name is Rob and I will be your conference operator today.