Fifth Third Reaches New 52-Week High (FITB)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- Fifth Third Bancorp (Nasdaq: FITB) hit a new 52-week high Thursday as it is currently trading at $15.17, above its previous 52-week high of $15.15 with 5.9 million shares traded as of 2:30 p.m. ET. Average volume has been 9.7 million shares over the past 30 days.

Fifth Third has a market cap of $13.72 billion and is part of the financial sector and banking industry. Shares are up 18.9% 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 has a P/E ratio of 9.5, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Fifth Third as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Fifth Third Ratings Report.

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