Fifth Third Stock Hits 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 $16.26, above its previous 52-week high of $16.16 with 8.6 million shares traded as of 10:30 a.m. ET. Average volume has been 9.2 million shares over the past 30 days.

Fifth Third has a market cap of $13.83 billion and is part of the financial sector and banking industry. Shares are up 2.3% 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 has a P/E ratio of 9.9, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Fifth Third as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, increase in stock price during the past year, 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. You can view the full Fifth Third Ratings Report.

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