Fifth Third Bancorp: Significant Re-Rating Potential [Seeking Alpha]
Fifth Third Bancorp (FITB)
Last fifth third bancorp earnings: 4/21 06:30 am
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US:NASDAQ Investor Relations:
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Source: Seeking Alpha
JHVEPhoto/iStock Editorial via Getty ImagesFifth Third Bancorp (NASDAQ:FITBthe financial crisis in March. Shares of Fifth Third Bancorp are down approximately 24% despite solid liquidity and a low amount of uninsured deposits, relative to other regional banking rivals. I believe that Fifth Third is a very attractively-priced community bank bargain for investors that believe the current financial crisis is contained and that the FED's deposit backstop is working!Data byYChartsThe FED raised rates in the middle of a banking crisisThe FED raised rates by 25 bps this week, highlighting that it views sticky inflation as a bigger threat to the U.S. economy than the currentliquidity issues in the financial system. In other words, the FED believes that the banking crisis is pretty much contained for now and Jerome Powell said as much last week when he judged the U.S. financial system to be "sound and resilient." His comments can be seen as an expression of confidence at a time of escalating f
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FITB
News
- Which banks are open on Sunday? [Yahoo! Finance]Yahoo! Finance
- Fifth Third's Financial Empowerment Mobile Begins New Season of Supporting Communities with SpringFour's Financial Health Resources and Reimagined Experience [Yahoo! Finance]Yahoo! Finance
- Fifth Third’s Financial Empowerment Mobile Begins New Season of Supporting Communities with SpringFour’s Financial Health Resources and Reimagined ExperienceBusiness Wire
- Fifth Third Recognized as a Best Adoption-Friendly Workplace by Dave Thomas Foundation for Adoption [Yahoo! Finance]Yahoo! Finance
- Fifth Third Recognized as a Best Adoption-Friendly Workplace by Dave Thomas Foundation for AdoptionBusiness Wire
FITB
Earnings
- 4/19/24 - Miss
FITB
Sec Filings
- 5/7/24 - Form 10-Q
- 5/2/24 - Form 4
- 5/1/24 - Form 144
- FITB's page on the SEC website