Fifth Third Bancorp (FITB) has been in the news for a variety of updates. The bank has announced cash dividends and filed mixed shelf. Despite some views that FITB is underperforming against the S&P 500, its holdings were lifted by Envestnet Portfolio Solutions. While the bank's stock recorded a dip on a recent Wednesday, analysts believe it could be a great choice.
Fifth Third secured cards have broadened economic access for over 48,000 customers. Moreover, Boston Partners acquired 823,803 FITB shares introduced a unique holiday celebrating its 166.7 Percentennial. AGF Management, Intech Investment Management, and HighTower Advisors have reportedly escalated their position in FITB.
The bank's Q4 earnings surpassed expectations, despite analysts expecting a decline. Noteworthy, Fifth Third Bancorp was named on the 'Best Bank Stocks to Buy for 2025' list by U.S. News. The bank's quarterly profit rose due to an income boost fee. New appointments were made, Mike Powell was appointed Corporate Secretary, and Matt Nipper was named as Northern Ohio President.
Despite minor hiccups, FITB remains a strong bet for the long term.
Fifth Third Bancorp FITB News Analytics from Tue, 09 Jul 2024 07:00:00 GMT to Sat, 22 Mar 2025 20:17:58 GMT - Rating 1 - Innovation 8 - Information 5 - Rumor -5
