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Stock impact report

Retail Bank Customer Satisfaction Holds Steady but Trust Declines, J.D. Power Finds [Yahoo! Finance]

Fifth Third Bancorp (FITB) 
Last fifth third bancorp earnings: 4/21 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.53.com/investor-overview
Company Research Source: Yahoo! Finance
According to the J.D. Power 2024 U.S. Retail Banking Satisfaction Study SM , released today, consumer trust in retail banks has declined significantly during the past two years, with unexpected fees, poor customer service and bad press being key threats to a customer's trust. This year, 13% of bank customers say they are likely to switch institutions in the next 12 months. "Retail bank customers interact with their bank every three days, on average, across a combination of digital, phone and in-branch channels, and the tenor of those interactions has a massive influence on customer satisfaction and overall levels of trust," said Jennifer White, senior director of banking and payments intelligence at J.D. Power . "Despite widespread efforts to improve the customer experience, many banks are missing the mark on critical customer touch points by treating customers like numbers. To retain deposits and build customer loyalty and trust, banks need to do a better job of focusing on fundame Show less Read more
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