
Fifth Third Bancorp (NASDAQ: FITB)
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Fifth Third Bancorp Returns vs. S&P
1 Year | 5 Year | 5 Year Annualized | Since IPO |
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Fifth Third Bancorp Company Info
The Company conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries.
News & Analysis
They're not complicated companies. They're just simple, cash-driving business being very well run.
The bank has significant excess capital it plans to burn through over the next year, as well as a conservative allowance for credit losses.
Most banks expect to release reserves this year, and Fifth Third has a huge buildup compared to the actual loan losses it expects to materialize.
Some banks are over-reserving heavily but saying they expect losses to be minimal, while others release reserves as coronavirus cases across the U.S. rise.
Even top banks are suffering under current economic conditions.
Management seems to be provisioning conservatively for losses, and who knows -- the bank could be an acquisition candidate.
In a look at regional banks between $40 billion and half a trillion dollars in assets, these had some of the lowest price-to-tangible-book values in the group.
Coca-Cola may deliver impressive dividend returns, but some stocks come out ahead of the soft drink giant.
Valuation
Earnings Transcripts
FITB earnings call for the period ending June 30, 2022.
FITB earnings call for the period ending December 31, 2021.
FITB earnings call for the period ending September 30, 2021.
FITB earnings call for the period ending June 30, 2021.
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