Fifth Third Bancorp (FITB): Today's Featured Financial 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 Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.2%. By the end of trading, Fifth Third Bancorp fell 45 cents (-2.7%) to $16.11 on heavy volume. Throughout the day, 16.5 million shares of Fifth Third Bancorp exchanged hands as compared to its average daily volume of 9.8 million shares. The stock ranged in price between $16.05-$16.55 after having opened the day at $16.53 as compared to the previous trading day's close of $16.56. Other companies within the Financial sector that declined today were: MPG Office ( MPG), down 18%, Royal Bancshares of Pennsylvania ( RBPAA), down 8.9%, National Bank of Greece ( NBG), down 7.9%, and Central Federal ( CFBK), down 6.7%.
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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 $14.81 billion and is part of the banking industry. The company has a P/E ratio of 10.6, below the S&P 500 P/E ratio of 17.7. Shares are up 8.6% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Fifth Third Bancorp a buy, one analyst rates it a sell, and 11 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, solid stock price performance, compelling growth in net income, expanding profit margins and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Altisource Residential Corporation ( RESI), up 17.3%, Jefferson ( JFBI), up 10.6%, Elbit Imaging ( EMITF), up 10.4%, and Icahn ( IEP), up 9.2%, were all gainers within the financial sector with Unum Group ( UNM) being today's featured financial sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

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