Kingsview Wealth Management LLC and Franklin Resources Inc. reduced their holdings in Fifth Third Bancorp (NASDAQ:FITB), whereas PNC Financial Services Group Inc. and Principal Financial Group Inc. increased theirs. Despite underperforming on some days compared to competitors, FITB still had days of solid performance and remained a steady dividend stock. The bank witnessed a ~50% surge due to a historic bond market rally. The bank's stock was upgraded to Buy; however, it also received a consensus recommendation of 'Hold' from analysts. FITB saw shares sold by insiders including EVP Kala Gibson and EVP & CIO Jude Schramm. The bank beat Q1 earnings and revenue estimates, and it raised its quarterly dividend by 4% to $0.35. FITB participated in notable events like the Bernstein Strategic Decisions Conference and RBC Capital Markets Financial Institutions Conference, but its largest control comes from institutional shareholders who hold 84% of the company. Fifth Third Bancorp has also made a significant commitment to CSR initiatives and is preparing to boost its headcount significantly in the Southeast.
Fifth Third Bancorp FITB News Analytics from Thu, 19 Oct 2023 07:00:00 GMT to Thu, 23 May 2024 19:23:17 GMT -
Rating 3
- Innovation 5
- Information 7
- Rumor -6
