FITB Stock Summary and Trading Ideas (Fifth Third Bancorp | NASDAQ:FITB)

Fifth Third Bancorp is a diversified financial-services company headquartered in Cincinnati. The company has over $200 billion in assets and operates numerous full-service banking branches and ATMs throughout Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina.

Fifth Third Bancorp trades on the NASDAQ stock market under the symbol FITB.

As of April 19, 2024, FITB stock price climbed to $36.25 with 13,128,787 million shares trading.

FITB has a beta of 1.73, meaning it tends to be more sensitive to market movements. FITB has a correlation of 0.35 to the broad based SPY ETF.

FITB has a market cap of $24.67 billion. This is considered a Large Cap stock.

Last quarter Fifth Third Bancorp reported $2 billion in Revenue and $.99 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.14.

In the last 3 years, FITB stock traded as high as $50.64 and as low as $22.11.

The top ETF exchange traded funds that FITB belongs to (by Net Assets): VTI, VOO, VO, SCHD, SPY.

FITB has outperformed the market in the last year with a price return of +38.5% while the SPY ETF gained +21.2%. FITB has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +10.1% and +2.7%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

FITB support price is $33.62 and resistance is $34.82 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FITB stock will trade within this expected range on the day.