NEW YORK ( TheStreet) -- Fifth Third Bancorp (Nasdaq: FITB) hit a new 52-week high Thursday as it is currently trading at $14.43, above its previous 52-week high of $14.39 with 3.2 million shares traded as of 10:05 a.m. ET. Average volume has been 13.6 million shares over the past 30 days. Fifth Third has a market cap of $12.35 billion and is part of the financial sector and banking industry. Shares are up 12.3% year to date as of the close of trading on Wednesday. Fifth Third Bancorp operates as a diversified financial services holding company in the United States. The company's Commercial Banking segment offers banking, cash management, and financial services to large and middle-market businesses, and government and professional customers. The company has a P/E ratio of 12, above the average banking industry P/E ratio of 11.4 and below the S&P 500 P/E ratio of 17.7.
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