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

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.

Fifth Third Bancorp ( FITB) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Fifth Third Bancorp fell 23 cents (-1.6%) to $14.41 on average volume. Throughout the day, 11.9 million shares of Fifth Third Bancorp exchanged hands as compared to its average daily volume of 10.3 million shares. The stock ranged in price between $14.34-$14.69 after having opened the day at $14.69 as compared to the previous trading day's close of $14.64. Other companies within the Banking industry that declined today were: Oak Ridge Financial Services ( BKOR), down 13.5%, BNC Bancorp ( BNCN), down 7.9%, Hampton Roads Bankshares ( HMPR), down 7.6%, and OptimumBank Holdings ( OPHC), down 7.3%.
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Fifth Third Bancorp operates as a diversified financial services holding company in the United States. Fifth Third Bancorp has a market cap of $13.16 billion and is part of the financial sector. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. Shares are up 15.3% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Fifth Third Bancorp a buy, one analyst rates it a sell, and 12 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 solid stock price performance, good cash flow from operations, expanding profit margins, notable return on equity and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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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