Fifth Third Bancorp sank -6.5% today, compared to the S&P 500's day change of -1.0%. Today's losers may turn out to be tomorrow's winners, so be sure to check the stock's fundamentals before making an investment decision:
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Fifth Third Bancorp has moved -29.0% over the last year, and the S&P 500 logged a change of 13.0%
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FITB has an average analyst rating of buy and is -24.48% away from its mean target price of $30.84 per share
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Its trailing earnings per share (EPS) is $3.5
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Fifth Third Bancorp has a trailing 12 month Price to Earnings (P/E) ratio of 6.7 while the S&P 500 average is 15.97
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Its forward earnings per share (EPS) is $3.16 and its forward P/E ratio is 7.4
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The company has a Price to Book (P/B) ratio of 1.05 in contrast to the S&P 500's average ratio of 2.95
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Fifth Third Bancorp is part of the Finance sector, which has an average P/E ratio of 14.34 and an average P/B of 1.57
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FITB has reported YOY quarterly earnings growth of 0.0% and gross profit margins of 0.0%
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Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. The company's Consumer and Small Banking segment provides a range of deposit and loan products to individuals and small businesses; home equity loans and lines of credit; credit cards; and cash management services. This segment also engages in the residential mortgage that include origination, retention and servicing of residential mortgage loans, sales and securitizations of loans, and hedging activities; indirect lending, including extending loans to consumers through automobile dealers, motorcycle dealers, powersport dealers, recreational vehicle dealers, and marine dealers; and home improvement and solar energy installation loans through contractors and installers. Fifth Third Bancorp's Wealth & Asset Management segment provides various wealth management services for individuals, companies, and not-for-profit organizations. It offers retail brokerage services to individual clients; and broker dealer services to the institutional marketplace. This segment also provides wealth planning, investment management, banking, insurance, and trust and estate services; and advisory services for institutional clients comprising middle market businesses, non-profits, states, and municipalities. Fifth Third Bancorp was founded in 1858 and is headquartered in Cincinnati, Ohio.