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Last $19.97 USD
Change Today +0.03 / 0.15%
Volume 7.0M
FITB On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

fifth third bancorp (FITB) Snapshot

Open
$19.87
Previous Close
$19.94
Day High
$20.02
Day Low
$19.78
52 Week High
07/21/15 - $21.93
52 Week Low
01/29/15 - $17.14
Market Cap
16.2B
Average Volume 10 Days
9.8M
EPS TTM
$1.74
Shares Outstanding
809.3M
EX-Date
06/26/15
P/E TM
11.5x
Dividend
$0.52
Dividend Yield
2.60%
Current Stock Chart for FIFTH THIRD BANCORP (FITB)

fifth third bancorp (FITB) Related Businessweek News

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fifth third bancorp (FITB) Details

Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. The Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and 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 Branch Banking segment provides a range of deposit, loan, and lease products to individuals and small businesses. This segment offers checking and savings accounts, home equity loans and lines of credit, credit cards, and loans for automobiles and personal financing needs, as well as cash management services. The Consumer Lending segment engages in the origination, retention, and servicing of mortgage and home equity loans or lines of credit; and other indirect lending activities, including loans to consumers through correspondent lenders and automobile dealers. The Investment Advisors segment provides various investment alternatives 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 asset management services; holistic strategies to affluent clients in wealth planning, investing, insurance, and wealth protection; and advisory services for institutional clients comprising states and municipalities. As of December 31, 2014, the company operated 1,302 full-service banking centers, including 101 Bank Mart locations, as well as 2,638 automated teller machines in 12 states throughout the Midwestern and Southeastern regions of the United States. Fifth Third Bancorp was founded in 1862 and is headquartered in Cincinnati, Ohio.

18,527 Employees
Last Reported Date: 08/5/15
Founded in 1862

fifth third bancorp (FITB) Top Compensated Officers

Vice Chairman, Chief Executive Officer, Membe...
Total Annual Compensation: $1.0M
President and President of Fifth Third Bank (...
Total Annual Compensation: $709.2K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $425.0K
Chief Risk & Credit Officer and Executive Vic...
Total Annual Compensation: $1.3M
Senior Executive Vice President
Total Annual Compensation: $570.0K
Compensation as of Fiscal Year 2014.

fifth third bancorp (FITB) Key Developments

Fifth Third Bancorp Announces Greater Cincinnati Branch Closure

Fifth Third Bancorp has announced the first local branch closing of the 105 offices across its banking market will close by mid-2016. The company has told customers of its Tylersville Square banking center in West Chester that the branch will close on Nov. 10. The company is evaluating its branch network based on factors such as customer usage and proximity to other Fifth Third branches. The closest Fifth Third banking office to the Tylersville Square location is on Cox Road.

Fifth Third Bancorp Appoints Heather Russell Koenig as Chief Legal Officer and Corporate Secretary, with Effect from Sept. 28, 2015

Fifth Third Bancorp announced that Heather Russell Koenig will become its chief legal officer and corporate secretary and will be joining the Company on Sept. 28, 2015. Koenig will report to Greg D. Carmichael, president, who becomes CEO on Nov. 1, 2015. Koenig’s responsibilities will include overseeing Legal, Government Affairs and Regulatory Affairs. Koenig joins Fifth Third from Bank of New York Mellon, where she was a member of the company’s Operating Committee and led its global Office of Public Policy and Regulatory Affairs.

Fifth Third Bancorp Reports Unaudited Consolidated Earnings Results for the Second Quarter and Year to Date Ended June 30, 2015; Reports Net Charge-Offs for the Second Quarter of 2015

Fifth Third Bancorp reported unaudited consolidated earnings results for the second quarter and year to date ended June 30, 2015. For the quarter, the company reported net income available to common shareholders of $292 million or $0.36 per basic and diluted common share against $416 million or $0.49 per diluted common share a year ago. Net income attributable to company was $315 million against $439 million a year ago. Return on average assets was 0.90% against 1.34% a year ago. Return on average common equity was 8.1% against 11.9% a year ago. Return on average tangible common equity was 9.7% against 14.4% a year ago. Net interest income (taxable equivalent) was $892 million against $905 million a year ago. Income before income taxes (taxable equivalent) was $422 million against $611 million a year ago. Total revenue was $1,448 million against $1,641 million a year ago. For the year to date, the company reported net interest income of $1,744 million against $1,803 million a year ago. Total revenue was $2,931 million against $3,103 million a year ago. Net income attributable to the company was $676 million against $756 million a year ago. Net income attributable to the common shareholders was $638 million against $724 million a year ago. Diluted earnings per share were $0.77 against $0.84 a year ago. Book value per share as on June 30, 2015 was $17.62 against $16.74 as on June 30, 2014. Tangible book value per share as on June 30, 2015 was $14.62 against $13.86 as on June 30, 2014. Return on average common equity was 8.9% against 10.5% a year ago. Return on average tangible common equity was 10.7% against 12.7% a year ago. Return on average assets was 0.98% against 1.17% a year ago. Net charge-offs were $86 million, or 37 bps of average loans on an annualized basis, in the second quarter of 2015 compared with net charge-offs of $91 million, or 41 bps, in the first quarter of 2015 and $101 million, or 45 bps, in the second quarter of 2014.

 

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Industry Analysis

FITB

Industry Average

Valuation FITB Industry Range
Price/Earnings 12.5x
Price/Sales 2.9x
Price/Book 1.1x
Price/Cash Flow 11.5x
TEV/Sales NM Not Meaningful
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