Duality Advisers LP and Fidelis Capital Partners are among new investors in Fifth Third Bancorp (FITB), while Private Advisor Group and Janney Montgomery Scott LLC reduced their stakes. FITB faced actions from the CFPB over wrongful auto repossessions and fake bank account escalation, resulting in a fine. Nevertheless, their banking model aims to reduce customer stress and their Financial Empowerment Mobile has already served over 1,000 residents in its initial 60 days. Several analysts have upgraded FITB to 'hold' and acknowledged it as a strong dividend stock. Central Pacific Bank Trust Division and Norden Group LLC have also invested in FITB. They have been commended as the best Treasury and Cash Management Bank by Global Finance. Upcoming returns include Q1 2024 earning reports expecting to align with analysts projections. The company is expanding, with plans to open a commercial banking office in Alabama, and aims to increase its Southeast headcount by 15%. They have also announced plans to participate in the Bernstein Strategic Decisions Conference and the RBC Capital Markets Financial Institutions Conference. FITB also exceeded its environmental and community commitments in 2023. Their dividends yield around 4%. Despite these advancements, the stock has had strong and weak trading days but maintains in a bullish channel.
Fifth Third Bancorp FITB News Analytics from Fri, 20 Oct 2023 07:00:00 GMT to Sun, 14 Jul 2024 11:25:59 GMT -
Rating -2
- Innovation -3
- Information 4
- Rumor -1
