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 $16.78, above its previous 52-week high of $16.77 with 2.9 million shares traded as of 1:05 p.m. ET. Average volume has been 10 million shares over the past 30 days.

Fifth Third has a market cap of $14.33 billion and is part of the financial sector and banking industry. Shares are up 7.8% year to date as of the close of trading on Wednesday.

Fifth Third Bancorp operates as a diversified financial services company in the United States. The company operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. The company has a P/E ratio of 9.9, below the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Fifth Third as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, expanding profit margins, compelling growth in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Fifth Third Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

How to Make Easy Money on Apple's iPhone X Worldwide Reveal: Market Recon

14 Bank Stocks That Will Either Surge or Do Nothing

Analysts' Actions -- Beazer Homes, Chevron, Ecolab, Sherwin-Williams and More

Bullish and Bearish Reversals for This Week