Stocks of Fifth Third Bancorp (NASDAQ:FITB) traded higher last session on Wall Street, down -2.01% to $45.93.
FITB stock price is now 6.79% away from the 50-day moving average and 19.34% away from the 200-day moving average. The market capitalization of the company currently stands at $30.80B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $43, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for Fifth Third Bancorp (NASDAQ: FITB). On May 01, 2024, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $37.50 to quote $39.50, while ‘Robert W. Baird’ rates the stock as ‘Neutral’
In other news, Garrett Kristine R., EVP sold 7,500 shares of the company’s stock on Oct 28 ’24. The stock was sold for $327,526 at an average price of $43.67. Upon completion of the transaction, the EVP now directly owns 55,913 shares in the company, valued at $2.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 28 ’24, Officer Garrett Kristine R. bought 7,500 shares of the business’s stock. A total of $333,975 was incurred on buying the stock at an average price of $44.53. A total of 0.52% of the company’s stock is owned by insiders.
During the past 12 months, Fifth Third Bancorp has had a low of $24.64 and a high of $46.90. According to the stock market information, the enterprise value for the company is $48150052864, which is based on a 15.32 price-to-earnings ratio, a 2.60 price-to-earnings-growth ratio, and a beta of 1.24. The fifty day moving average price for FITB is $42.9358 and a two-hundred day moving average price translates $38.4298 for the stock.
The latest earnings results from Fifth Third Bancorp (NASDAQ: FITB) was released for 2024-09-30. The net profit margin was 15.23% and return on equity was 11.92% for FITB. The company reported revenue of $2.67 billion for the quarter, compared to $2.53 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.54 percent.
