The Rockefeller Capital Management has increased its holdings in Fifth Third Bancorp (FITB), which is set to participate in the Goldman Sachs Financial Services Conference. Meanwhile, the company's stock underperformed on Wednesday when compared to competitors. The 'Empowering American Cities' initiative highlighted economic insights and forecasted an outlook for the year 2025. In spite of a disappointing profit, FITB managed to hit a 52-week high of $48.41. An analyst upgrade further propelled FITB to achieve a new 12-month high.
Recent changes in the corporate structure include Matt Nipper being named Northern Ohio President. Despite some speculation about a decline in earnings, FITB's Q3 earnings surpassed estimates. The company also announced earnings release dates for 2026. There was also noteworthy insider activity as Robert Shaffer sold 25,000 shares of FITB. FITB's Diluted EPS was recorded at $3.01 for the trailing twelve months as of September 2024. However, FITB shares fell 3% as Q3 earnings missed estimates. Regulatory authorities fined FITB over unauthorized activities such as creating fake bank accounts and triggering auto repossessions. Despite these setbacks, FITB increased its quarterly cash dividend by 2 cents, or 6%, to $0.37 per share.
Fifth Third Bancorp FITB News Analytics from Tue, 27 Feb 2024 08:00:00 GMT to Sat, 30 Nov 2024 11:31:02 GMT - Rating 7 - Innovation 3 - Rumor -1
