Fifth Third Bancorp (FITB): Today's Featured Banking Winner

Fifth Third Bancorp ( FITB) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 0.3%. By the end of trading, Fifth Third Bancorp rose 30 cents (2.3%) to $13.41 on light volume. Throughout the day, 7.6 million shares of Fifth Third Bancorp exchanged hands as compared to its average daily volume of 11.5 million shares. The stock ranged in a price between $13.09-$13.44 after having opened the day at $13.09 as compared to the previous trading day's close of $13.11. Other companies within the Banking industry that increased today were: Carver Bancorp ( CARV), up 46.8%, Central Federal ( CFBK), up 23.5%, Patriot National Bancorp ( PNBK), up 10.8%, and Community Bank Shares of Indiana ( CBIN), up 8.9%.

Fifth Third Bancorp operates as a diversified financial services holding company in the United States. Fifth Third Bancorp has a market cap of $12.25 billion and is part of the financial sector. The company has a P/E ratio of 8.7, below the average banking industry P/E ratio of 8.8 and below the S&P 500 P/E ratio of 17.7. Shares are up 4.6% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate Fifth Third Bancorp a buy, one analyst rates it a sell, and eight rate it a hold.

TheStreet Ratings rates Fifth Third Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).
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